News From Trenton · May 14, 2024

NJEDA Board Designates New 1888 Studios in Bayonne as First Film-Lease Partner Facility

Credit: Image by Mohamed Hassan from Pixabay

nj.gov


The New Jersey Economic Development Authority (NJEDA) Board today (5/8) designated 1888 Studios in Bayonne, developed by Togus Urban Renewal, LLC, as a Film-Lease Partner Facility. The designation agreement, which commits the developer to occupying the facility for at least five years and grants future tenants eligibility to apply for increased tax credits for projects filmed at the facility under the Film and Digital Media Tax Credit program, marks a pivotal moment in New Jersey’s evolution as an emerging force in film and television production.

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From NJ SEED: News From Trenton - May 14, 2024.