TRENTON-Continuing an aggressive business development and retention campaign, New Jersey’s Economic Development Authority has approved two large tax incentives for online grocer Peapod and tissue manufacturer Marcal. Also, loans totaling $4.5 million were approved for renovations at the former Fort Monmouth at the EDA’s monthly meeting.

Peapod would get a $34.6 million tax incentive over ten years if it takes 344,000 square feet at a distribution center near the port in Jersey City being built by Prologis. Ahold USA Inc., the parent company of Peapod, is deliberating between that site and one in West Nyack, NY, according to the EDA’s chief executive, Caren Franzini.

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