By James T. Madore.
The competition intensified Thursday between Long Island and New Jersey to become home to facilities for a biotechnology company that makes “cruelty-free” leather without killing animals.
Modern Meadow Inc., a startup company now based in Brooklyn, is seeking a location to open a research laboratory and factory.
The company would receive up to $32 million from New Jersey over 10 years if it expands in Nutley, according to documents from the New Jersey Economic Development Authority.
The authority’s board of directors approved the tax credits at a meeting yesterday, its spokeswoman said.
Modern Meadow also has been offered incentives from New York State to expand in Suffolk County.
Read more at Newsday.