Manufacturer says it may hire 3,000 in Camden - My9 New Jersey

Manufacturer says it may hire 3,000 in Camden

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CAMDEN, N.J. (AP) - A company that makes components for power plants says it could eventually bring 3,000 jobs to the facility it plans to build in Camden.

Holtec International gave details of its plans on Monday, less than a week after the state agreed to award the firm up to $260 million in tax credits over a decade as an incentive to build in the city.

While the privately held firm says it expects more jobs, it will get the incentives if it produces and maintains a more modest 395 jobs.

The state said that with the minimum number of jobs, the deal would bring state and local governments just $156,000 more in tax revenues over 35 years than the $260 million in credits.

The plant is to open in 2018.

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