Recent growth by the 10-year-old firm, one of the largest independent mortgage bankers in the Garden State, prompted the move into the building, which the company owns. State incentives were part of the decision to stay in New Jersey, according to Jack Mondel, the company's chairman.
Among other things, AME received a Business Employment Incentive Program (BEIP) grant from the New Jersey Economic Development Authority. Negotiated late last year, the package is worth an estimated $870,000 over 10 years, based on the projected creation of 150 new jobs, according to Mondel. His company also received a workforce training grant through the New Jersey Department of Labor.
"The new facility will enable us to hire hundreds of people over the next two years," according to Mondel.
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