# J & K Ingredients Corp. receives $11.6M NJ incentive to stay in Paterson

J & K Ingredients Corp., a bakery ingredient manufacturer, was approved for a 10-year, $11.6 million Grow New Jersey award to retain 82 jobs and consider upgrading its Paterson facility instead of moving to South Carolina.

- Type: Investment
- Announced: 2017-02-14
- Where: Paterson, New Jersey, United States
- Value: $11.6M
- Jobs: 82
- Status: announced
- Products: bakery ingredients
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [J & K Ingredients Corp.](https://endata.com/companies/22201.md)

## Sources

- [njbiz.com](https://njbiz.com/over-20m-in-eda-incentives-approved-for-two-paterson-projects/), 2017-02-14: "keeping J & K in New Jersey would result in the retention of 82 full-time jobs and yield a net benefit of roughly $35.3 million back to the state over 30 years."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.