Princeton has a direct incentive program, which may be used to provide cash grants to qualifying projects and companies.  If the company is eligible, the direct incentives are based on a number of factors including total job creation and wages, capital investment, the financial strength of the applicant, the applicant's business history, and an analysis of the relevant business sector. 

Requirements:

• Minimum Number of Primary Jobs: 100

• Minimum annual average salary: 50% of the City’s average Household Income

• Minimum Capital Investment: $15 million (new construction) and $3.25 million (leasing tenants)

• Minimum Square Footage Lease: (Leasing Tenants): 25,000

• Credit Rating: “A”

• Duration: Maximum of 10 Years

• Minimum Annual Rate of Return: 10.5 %

Direct incentives require a performance agreement with the company and are based on the assumptions used to determine the incentive.