The New Jersey Economic Development Authority will vote Friday on whether to award $139 million in tax incentives to a West Berlin chemical-manufacturing company.
ResinTech Inc., which makes chemicals that are used in water and wastewater treatment, is considering a move to Camden, according to an application made to the EDA.
The decision will be made at the EDA's regular meeting in Trenton. If approved, the project will be among the largest tax awards for projects in Camden.
The EDA authorizes the incentives through the Grow New Jersey program, which rewards employers that invest in struggling cities as part of the 2013 Economic Opportunity Act. U.S. Rep. Donald Norcross, a South Jersey Democrat, championed the law as a state senator, saying the incentives would boost the city's struggling economy.
Critics say the program simply relocates existing jobs. Many of the corporations moving to Camden are expected to offer few jobs for Camden residents, and will redeem millions in tax credits in exchange for moving a few miles.
Since the law's passage, the EDA has approved $260 million in tax breaks to Holtec International for the company to move from Marlton, $164 million for the American Water Works Co. to move from Voorhees, and $118 million for Subaru of America to move from Cherry Hill.
Founded in 1986, ResinTech operates a 75,000- square-foot warehouse and offices on Cooper Road, according to its website.