Acting Governor Guadagno Welcomes New Prudential Tower
Trenton, NJ – Applauding Prudential Financial’s continued growth in Newark, Acting Governor Kim Guadagno congratulated the company on its new $444-million, 20-story office tower at 635-677 Broad Street.
"There is nothing more satisfying in this job than to see a project you put your heart and soul into come to fruition when you are still around to see it," said Acting Governor Guadagno. "Six years ago, there were no cranes up in Newark. Nothing was being built. Now, with government working in full partnership with business, we’re seeing a rebirth in our urban centers that we could have only imagined a few short years ago."
The 740,000-square-foot tower was built partially with the support of a more than $210 million tax credit approved by the EDA board in 2012. The project included the creation of 400 new jobs and was built with the capacity to house an addition 750 new employees over time. The construction of the Tower also created approximately 1,300 construction jobs. In addition to the new Tower, Prudential will maintain 160,000 square feet of office space at Three Gateway Center in Newark. Over time, the taxpayers will see a net benefit of $250 million to the state.
New Jersey Military Installation Growth
and Development Task Force Report
Trenton, NJ – The New Jersey Military Installation Growth and Development Task Force arose from the on-going national dialogue regarding Base Realignment and Closure (BRAC), mission loss to other installations, and the potential impacts of such on New Jersey. In recognition of the significant impact New Jersey’s military installations have on the nation’s defense, the state’s economy, and local communities, the Task Force was created by Executive Order to help fortify our bases and make them less attractive targets for BRAC and mission loss.
New Jersey Military Installation Growth and Development Task Force Report
Acting Governor Guadagno Congratulates New Jersey’s Outstanding Volunteers at Jefferson Awards Ceremony
Honorees in 22 Categories Will Receive Well-Deserved Recognition for Service
Trenton, NJ – Recognizing the efforts of New Jersey’s 1.45 million volunteers, Acting Governor Kim Guadagno will attend the annual Governor’s Jefferson Awards this evening in Newark.
“One person truly can change the world, just as each of tonight’s honorees has done. I know I’m not alone in feeling such a deep sense of pride in knowing that New Jersey is home to so many extraordinary individuals,” said Acting Governor Guadagno. “Let’s all continue to be inspired by the examples we will honor tonight. More importantly, when we see a need, let’s not wait for the ‘other guy.’ Let’s all work together to envision the answer and take action – not only during times of crisis, but in everyday life.”