The New Jersey Economic Development Authority on Thursday approved $253 million in tax incentives for a company to build a sprawling metal recycling complex in Camden's mostly industrial Waterfront South district.
The project will allow EMR Eastern, which owns the city's Camden Iron & Metal, to build a 700,000-square-foot campus on a six-block area near where the company already operates. The seven buildings to be constructed will include an advanced metals recovery facility and the company headquarters, currently in Bellmawr. The project will be completed by September 2018, according to the proposal.
It is the second-largest such project to be approved for Camden since the Grow New Jersey program was expanded in 2013 as a way of attracting business to impoverished cities such as Camden.