Wednesday, June 20, 2012

Allen Lauds Winning Effort To Keep Burlington Coat

New Jersey State Senator Diane Allen (R- Burlington) issued the following statement lauding action taken by the New Jersey Economic Development Authority to keep Burlington Coat Factory from moving to Pennsylvania and, instead, choosing to occupy a new facility in Florence Township.

Burlington Coat Factory has been awarded $40 million in tax incentives through the Grow New Jersey assistance program. The incentive will preserve 626 existing jobs and create an expected 120 new employment opportunities.

"I'm pleased that the 'Burlington' will remain more than just a name for Burlington Coat Factory," said Allen. "We've seen too many businesses and jobs relocate to more affordable pastures in Pennsylvania over the years, but losing this one would have been a huge blow to Burlington County. In addition to working on broad-based reforms that will lower the overall cost of living and doing business in New Jersey, I was pleased to support the 'Grow New Jersey' incentive legislation that helped this company remain in New Jersey and add to their workforce. Kudos are in order not only to EDA officials and the Christie Administration for making this happen, but to Burlington Coat Factory officials for choosing to stay in a community that has welcomed and supported their company for so many years."

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