The Atlantic County Economic Alliance is looking for companies that want to expand or relocate to take advantage of the benefits of the Garden State Growth Zone (GSGZ).
The Atlantic City GSGZ includes all of the area within a one-mile radius outside the boundary of Atlantic City International Airport, encompassing thousands of acres and recognized by the state as an Aviation District.
“We have already identified hundreds of acres of developable property within our Aviation District,” said Lauren H. Moore, Jr., executive director of the alliance. “We are also completing construction on a 66,000-square-foot research building outside the federal Aviation Administration’s William J. Hughes Technical Center. This building is the first of a planned buildout of 400,000 square feet at our 58-acre campus known as the National Aviation Research and Technology Park.”
In a letter to supporters, Moore said the alliance is seeking aviation-related companies interested in expanding or relocating to the NARTP site as well as other types of corporate and commercial companies that may be interested in expanding into the broader Aviation District.
Additionally, the majority of property within the Aviation District is designated as an Opportunity Zone, making investors and developers eligible for federal tax exemptions.
“As you know, GSGZ designation can be a game-changer in terms of corporate decision-making,” Moore said. “If you know of any companies that may be interested in locating at the NARTP site or within our Aviation District, please contact me as soon as possible. Our GSGZ designation is only available for a short time and sunsets on July 1, 2019.”
For more information, email Moore at LMoore@aceanj.com or call 609-245-0019.