RAPAPORT… 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
Frederick Goldman Moves to New Jersey
The Bottom Line
- Frederick Goldman relocated to an 88,000-square-foot facility in Secaucus, New Jersey, leaving New York after seven decades.
- The move was supported by up to $20 million in tax credits over 10 years through a New Jersey incentive program.
- Proximity to New York allows the company to retain its existing workforce while pursuing growth opportunities.
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