TRENTON - A Voorhees firm considering a move to Camden's Waterfront won approval Thursday for almost $10 million in state tax incentives.
United States Cold Storage Inc. would move its headquarters to the Ferry Terminal Building on Aquarium Drive, according to the state Economic Development Authority.
USCS, which provides refrigerated warehouse space at 39 facilities nationwide, employs 89 people at its current base on Laurel Road.
The company has said the 10-year tax break is needed to make the Camden site competitive with an alternate location in Philadelphia.
USCS will lease almost 30,000 square feet at the waterfront office building, which was acquired last year by private investors including Democratic power broker George E. Norcross III and executives of The Michaels Organization of Evesham and NFI in Cherry Hill.

The EDA last month approved a $245 million tax break for a proposed 18-story office tower, also on the waterfront, that would hold the headquarters of a Marlton insurance firm led by Norcross – Conner, Strong & Buckelew – as well as NFI and The Michaels Organization.
USCS, with refrigerated facilities in 13 states, is owned by a London-based conglomerate, John Swire & Sons Ltd.
A company spokesman said a decision on a move could come within a month's time.
"We're hoping that could be the location, (but) we still have some things to finish up," said Mickey Hoffman, vice president of corporate development.
"Obviously the incentives help out quite a bit," he said.
The EDA approved the tax breaks under its Grow New Jersey program, which is intended in part to keep jobs in New Jersey. The authority estimates the project would have a net benefit to the state of $26.8 million over 35 years.

The state Economic Development Authority has approved tax breaks worth almost $10 million for a Voorhees firm. (Photo: Photo provided)

The EDA now has approved more than $1.5 billion in tax breaks for Camden projects under a 2013 state law intended to spur development in impoverished areas.
Jim Walsh; (856) 486-2646; jwalsh@gannettnj.com