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Frederick Goldman Moves to New Jersey

Jewelry manufacturer received up to $20 million in tax credits.
Sep 26, 2017 5:36 AM   By Rapaport News
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Frederick Goldman has relocated its manufacturing and distribution operations to New Jersey after 70 years in New York, having received breaks from the Garden State.

The jewelry maker will move to an 88,000-square-foot former outlet center in the town of Secaucus, after receiving tax credits of up to $20 million over 10 years through a New Jersey incentive program.

“It was difficult to move out of New York City after so many years with many memories, especially of our father Frederick, the founder of our company,” said Jonathan Goldman, the company’s CEO. “However, we are incredibly excited to start a new chapter, and look forward to many years of growth in our business, made possible by this move.”

New Jersey was an “easy choice” as it is relatively close to New York, meaning the company could retain its current work force, added company president Richard Goldman.

Image: Frederick Goldman’s new facility in Seacucus, New Jersey
Tags: Frederick goldman, Jonathan Goldman, new jersey, new york, New York City, outlet center, Rapaport News, Richard Goldman, Secaucus
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