TRENTON, NJ - The New Jersey Economic Development Authority approved Grow New Jersey Assistance Program Grants for Ralph Lauren and Quest Diagnostics to to make a capital investment and locate in Prism Capital's On3 redevelopment project of the former Hoffman-La Roche campus.
Ralph Lauren is to receive a 10 year $33.1 million dollar Grow New Jersey award. The project location in Nutley qualifies as a Distressed Municipality, under N.J.S.A. 34:1B -242 et seq and the program’s rules, N.J.A.C. 19:31-18. Before Roche's departure, the company was the largest taxpayer in the township.
Ralph Lauren is expected to create 225 jobs in Nutley. The company will occupy 225,000 sq. feet of an existing building.
Quest Diagnostics received a $55 million Grow New Jersey award.The company is expected to occupy a new building that is to be constructed on the Clifton side of the campus. The area is directly behind Matthew's restaurant.
The On3 campus will be home to Seton Hall Hackensack Meridan Medical School. The school is expected to start accepting applications for students in April 2018, with classes starting in September 2018.
Modern Meadow, a bioscience company, is relocating from Brooklyn to an existing building on the On3 campus.
To follow all of the developments On3, visit TAPinto Nutley's On3 section.
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