A state authority approved tax breaks Tuesday worth $6.8 million for a proposed factory in Winslow.
The incentives would help save 42 existing jobs and create 70 new positions at a construction-services business, Builders FirstSource, according to the Economic Development Authority.
The company, known as ProBuild in New Jersey, wants to demolish several buildings at its existing site on the 200 block of Williamstown Road, the EDA said. It then would erect a 95,000-square-foot facility there to make trusses for floors and windows.
The company expects to spend $7.3 million to build the plant and $4.2 million for machinery and equipment.
The incentive is needed because the firm is also considering a less-expensive move to Morrisville, Pennsylvania, the EDA said. The authority is offering the 10-year tax break through Grow New Jersey, its principal program to keep jobs in New Jersey and to lure employers to the state. It said the project is expected to have a net benefit for the state of $9.6 million over 20 years. The new manufacturing jobs would have a median annual wage of $29,525, the authority said.