TRENTON-Continuing an aggressive business development andretention campaign, New Jersey’s Economic DevelopmentAuthority has approved two large tax incentives for onlinegrocer Peapod and tissue manufacturer Marcal. Also, loans totaling$4.5 million were approved for renovations at the former FortMonmouth at the EDA’s monthly meeting.

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

The Urban Transit Hub tax credit package approved Monday wouldgive Ahold $3.46 million annually for ten years, if it brings 380new jobs to the state. The credits apply only if the project iscompleted and the company maintains the jobs over the tenyears.