Biotech firm offered $32M to relocate to ex-Roche site

New Jersey’s Economic Development Authority has awarded a Brooklyn biotech firm $32.2 million in incentives to move to the former Hoffmann-La Roche campus in Clifton and Nutley.

The EDA board approved the Grow New Jersey tax credits for Modern Meadow at its July meeting, according to spokeswoman Virginia Pellerin.

Ex-Roche Campus Reinvented As ‘On3’ Science Center

The former Hoffmann-La Roche campus that borders Clifton and Nutley has a new name. “On3” seeks to incorporate living, working and playing in the Route 3 site, according to Prism Capital Partners’ principal Eugene Diaz.

Cushman & Wakefield to Lease Former La Roche Campus

After rebranding and redeveloping the former Hoffmann-La Roche North American headquarters campus as ON3, Prism Capital Partners gave the green light for leasing the two office buildings in Clifton, N.J.