1,660 Jobs Coming Back to New Jersey

Lost during this holiday weekend was news about how new jobs are being created in the State,both the New York Times and the New Jersey Newsroom published stories about it on Friday. Here is what both reported:

The New York Times - New Jersey Wins 1,600 Financial Jobs

The fierce tug of war between New York and New Jersey over 2,300 financial jobs in Lower Manhattan is just about over.

New Jersey has come out ahead, winning most of the jobs, said government officials and real estate executives. But New York keeps the headquarters.

The Depository Trust and Clearing Corporation, a critical part of Wall Street’s financial machinery, had threatened early this year to move its entire operation to New Jersey, enticed by lower costs and a subsidy package worth well over $70 million.

Then followed nine months of wooing and pleading by top officials on both sides of the Hudson River, including Gov. Jon S. Corzine of New Jersey.

Now, Depository Trust appears to have reached a decision to keep its headquarters and roughly 700 employees at its current home at 55 Water Street, according to the officials and executives, who declined to be identified because the company has not formally announced its decision.

Most of its work force, however, will move to the Newport office complex on the Jersey City waterfront.

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New Jersey Newsroom - New Jersey support brings EvaTees and 60 new jobs to the state.

New Jersey and local officials Thursday toured Eva Tees Inc. a company that moved to Piscataway in March with 60 new jobs.

Eva Tees, a wholesale distributor of clothing and other merchandise, was awarded a Business Employment Incentive Program (BEIP) grant from the state Economic Development Authority (EDA). The move also included a capital investment of over $17.9 million.

"Attracting jobs and encouraging private investment is critical to ensuring New Jersey emerges from the national economic recession," Gov. Jon Corzine said. " We've taken measures to encourage business growth during these challenging economic times and Eva Tee's decision to make New Jersey its home is great news."

Eva Tees was originally established by Mayer Neuhoff in 1950 as Eva Hosiery and Underwear Company. In 1974, Neuhoff's son joined the company and expanded the business to include imprintable active wear. Over three decades later, the company continues to grow and is now run by the third generation of the Neuhoff family.

Eva Tees offers a full line of active wear, corporate casual wear and accessories. Its product line includes styles from popular manufacturers like Hanes, Bill Blass, Izod, Fruit of the Loom, Gildan, Jerzees and Van Heusen. The state grant, which will amount to an estimated $153,900 over 10 years based on 57 new jobs, was a major incentive for Eva Tees to consolidate three sites in New York and establish a larger site in Piscataway.

Read more >>> Here