Billtrust, a payment cycle management software company, will expand its operations and workforce with a new 88,759 square foot headquarters in Lawrenceville, New Jersey.

The company recently was approved for Grow New Jersey tax credits by the New Jersey Economic Development Authority (EDA) Board. Billtrust, which is consolidating existing operations from two leased facilities, expects to create 200 new jobs in the State and retain 228 employees.

“The availability of highly educated, skilled technology professionals in New Jersey has been a tremendous asset to our ability to create a corporate culture that fosters creativity and collaboration,” said Billtrust Founder & CEO Flint Lane. “Support from Grow NJ will help us to expand our presence here in New Jersey and further leverage the local talent pool as we grow.”

“Innovative companies like Billtrust play an important role in our economy through the jobs they create as well as the resources they provide to help other businesses succeed,” EDA CEO Melissa Orsen said. “We are pleased that New Jersey’s robust technology ecosystem, and the Grow NJ program, helped to encourage Billtrust to expand and invest in the State.”