Church & Dwight Moving Headquarters Within NJ Thanks to $13.5 Million in State Grants
The company is a major U.S. manufacturer of numerous household products, including those which are part of its well-known Arm & Hammer brand.
It was reported CEO Jim Craigie had said his company was ready to move its headquarters to Pennsylvania and take the majority of its 750 jobs as well. However, Lt. Gov. Kim Gaudagno (of the Christie Administration) began a dialogue with Church & Dwight and found a solution to keep the company in the Garden State. Another retention factor, said Craigie, was New Jersey's decision in 2010 to create a single-factor sales tax for corporations.
The company will benefit from NJ's Business Retention and Relocation Assistance Grants designed to keep businesses by rewarding per-job retention rates. They also require the companies to make investments in the state. CFO Matthew Farrell said C&D will invest $25.5 million over five years.
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