by Michelle Caffrey
South Jersey staple Liscio's Italian Bakery has been approved for an up to $13.5 million award to expand its facilities and keep 176 jobs in the state. The Glassboro-based bakery was recently approved for the Grow New Jersey incentives of corporate business and insurance premium tax credits, to be spread out over 10 years, by the New Jersey Economic Development Authority.
The Grow New Jersey funding — a state initiative designed to spur job growth — will allow Liscio's to not only keep the existing jobs "at risk of leaving New Jersey," but also create 71 new, full-time positions, according to an EDA statement.
Source: http://www.nj.com/
