Nj future redevelopment forum 2014 eoa perno

453 views

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
453
On SlideShare
0
From Embeds
0
Number of Embeds
6
Actions
Shares
0
Downloads
2
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide
  • However the ability to develop this plan although rooted in regional cluster advantages is in fact part of a sustained effort to develop an economy for Camden city. Over the last sixl years the expansion of both the medical and edcation community accountted for alomost 750 million in new development with another 400 million planned over the next 2 years.
  • Nj future redevelopment forum 2014 eoa perno

    1. 1. Cooper’s Ferry Partnership LIVE. WORK. INVEST. CAMDEN. NJ Future 03.14.14
    2. 2. CAMDEN 1957
    3. 3. CAMDEN TODAY
    4. 4. • Camden County Metro Policing • Most Connected City in Southern NJ • Knowledge Center for Southern NJ • Regional Destination • Economic Opportunity Act 2013 CAMDEN: A City of Possibilities 4 4
    5. 5. A CITY CONNECTED CONVERGENCE OF: PATCO RiverLINE 26 NJ Transit Bus Lines RIVERLINK Ferry The Ben Franklin Bridge Major Roadways, Including US 30 and 130, State Routes 38, 70 and 168, and Interstate 676 Camden GreenWay Trail Network Future Glassboro-Camden Light Rail Line REGIONAL TRANSPORTATION HUB
    6. 6. . KNOWLEDGE CENTER 33% of Camden’s 32,200 jobs are in the Eds/Meds 17,000 private-sector employees work in downtown Camden $1.11 Billion Total spent in Camden By Eds/Meds
    7. 7. A REGIONAL DESTINATION Over 2.5 million visitors came to the waterfront in 2013 Home of Adventure Aquarium Campbell’s Field Battleship New Jersey Wiggins Park & Marina Susquehanna Bank Center Camden Children’s Garden RiverLINK Ferry
    8. 8. 2008 Roberts Pavilion Cooper Medical School of Rowan University 2013 MD ANDERSON COOPER Cancer Center Rutgers Graduate Dormitory City Parks, Roads and Streetscape Over $750 Million invested in the last 6 years…with more to2008 - 2013
    9. 9. WINDOW TO PHILADELPHIA.
    10. 10. GROW New Jersey – Minimum Capital Investment Type of facility Capital Investment South Jersey Rehabilitation of an industrial facility $20/sf $13.33/sf Construction of a new industrial facility $60/sf $40.00/sf Rehabilitation of a non- industrial facility 40/sf $26.66/sf Construction of a new non- industrial facility $120/sf $80.00/sf The minimum capital investment per square foot in Camden is:
    11. 11. GROW New Jersey – Minimum Capital Investment Type of facility Jobs required New/Retained Camden Jobs New/Retained Start-up Technology, or Manufacturing 10/25 8/19 Targeted Industries - Transportation, Defense, Energy, Logistics, Life Sciences, Health, Finance (excluding warehouse and distribution) 25/35 19/27 Other Businesses 35/50 27/38 The minimum number of jobs required in Camden is as follows:
    12. 12. GROW New Jersey – Caps on Annual Tax Credits for the Business Area Base Tax Credit Camden $35,000,000 Growth Zone, Mega $30,000,000 UTH $10,000,000 Distressed Municipality $8,000,000 Priority Areas $4,000,000 but not more than 90% of withholdings Other eligible areas $2,500,000 but not more than 90% of withholdings The Legislation provides caps on the amount of the annual tax credit available for a project.
    13. 13. GROW New Jersey – Caps on Gross Credits Area BaseTaxCredit Garden State Growth Zone, Mega $15,000 UTH $12,000 Distressed Municipality $11,000 Other Priority Areas (PA 1 or PA 2) $10,500 Other eligible Areas $6,000 The Legislation provides caps on the amount of the annual tax credit for each new job after adding the Base Credit and Bonus Credits.
    14. 14. GROW New Jersey – Camden Projects Number of Jobs Minimum Capital Investment Total Tax Credits Available 35 to 69 $ 5,000,000 $ 20,000,000 70 to 99 10,000,000 30,000,000 100 to 149 15,000,000 40,000,000 150 to 249 20,000,000 50,000,000 250 + 30,000,000 Up to total amount of capital investment capped at $350,000,000 For projects that make a capital investment of more than $5,000,000 and create/retain at least 35 jobs the credit is the amount of the investment as provided below.
    15. 15. DEVELOPMENT OPPORTUNITIES. CAMPBELL SOUP COMPANY TECHNOLOGY CENTER
    16. 16. DEVELOPMENT OPPORTUNITIES. DOWNTOWN WATERFRONT
    17. 17. 17 17 L3 COMMUNICATIONS – Site
    18. 18. DEVELOPMENT OPPORTUNITIES WATERFRONT CORPORATE HEADQUARTERS  Eligible for Economic Opportunity Act of 2013
    19. 19. Cooper’s Ferry Partnership BE PART OF THE CHANGE. CAMDEN. NJ Future 03.14.14

    ×