Mt. Laurel firm seeks $15.6M tax break for Camden project

A Mount Laurel firm wants a $15.6 million tax break for a Camden project, according to the state Economic Development Authority.

The EDA’s board will consider the request from Corporate Synergies Group LLC at its monthly meeting Tuesday, according to a preliminary agenda for the session.

Corporate Synergies is a “national insurance and employee benefits brokerage and consultancy,” according to its website. The company, with headquarters on Dearborn Circle, also has offices in New York, Maryland and Florida.

It is requesting incentives under the EDA’s Grow New Jersey program, which seeks to keep employers from moving jobs out of state. The tax break, if approved, would be valued at $1,562,000 annually over 10 years. The EDA has approved more than $1.6 billion in tax incentives for projects intended to bring jobs to Camden, in large part through the relocation of corporate headquarters.

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