Tuesday, September 1, 2009

Jersey Barrier No More

The transit hub tax credit is pulling in folks that didn't think it was a possible option before.

Because of amendments to the Urban Transit Hub Tax Credit program, including lower thresholds for companies to participate and allowing the transfer of credits, Woodmont is considering potential office projects in all of the program’s nine qualifying urban municipalities — Camden, East Orange, Elizabeth, Hoboken, Jersey City, Newark, New Brunswick, Paterson and Trenton.

“We’re looking to see if there are possibilities to relocate companies into these urban centers where they may not have been otherwise considering that location,” said Santola, whose firm is looking at two or three concrete deals under the tax credit program.

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