A more than 300-million dollar high tech manufacturing facility is up and officially open in Camden.
It’s one of the more high-profile companies the state lured to the struggling city with tax breaks.
Holtec International, which plans to build a new style of small nuclear reactors, opened its Camden manufacturing facility on the Delaware River in the shadow of the Walt Whitman Bridge.
Governor Chris Christie said with the aid of state funding, Camden is on the rebound. “What you thought might never happen is happening and this city is becoming once again a leader in the region and a leader in this state.”
State Senate Majority Leader Steve Sweeney says the facility came as the result of more than a quarter billion dollars worth of economic development funding from the state. “If you see what’s happening today in Camden, in Glassboro with Rowan, it’s all happening because these incentives were put in place and real jobs are being created.”
Some of the 400 jobs are being brought to the facility from a location in Marlton. The company wants to grow the workforce to one thousand within the next three years.