Family-owned Edison Solutions was approved by the New Jersey Economic Development Authority (EDA) for Grow New Jersey tax credits in an effort to maintain operations within the state. Co-owners Joe and Susan Ostreicher, along with her brother, George Gross, are in the process of opening an office in Pennsauken. The company headquarters will remain in North Bergen.
EDA loans totaling $2 million will help to buy an 115,000-square-foot facility in Camden County, as well as new printing equipment. An additional $5.6 million in tax-exempt bonds issued by the EDA will go toward machinery and other equipment.