Party City Holdings Inc. on Wednesday became the first company to win an award under the Emerge Program, the new job creation incentive program touted by Gov. Phil Murphy and created under the New Jersey Economic Recovery Act of 2020.
And it’s a good one for the state.
Party City Holdings, a Fortune 100 company, will be bringing its headquarters — and 357 new jobs — to Bergen County, in accordance with a seven-year award for just under $10 million ($9,996,000) that was approved by the board of the New Jersey Economic Development Authority.
The company, which is the largest retailer of party goods in North America, said it is planning to consolidate its Rockaway, New Jersey, and Elmsford, New York, sites into one national headquarters in Woodcliff Lake.
The project is expected to create 357 new full-time jobs and retain 338 full-time jobs currently at risk of leaving New Jersey. These are high-paying corporate positions with a median salary above the current Bergen County median salary. In addition, the project will invest more than $32 million to lease a 208,911-square-foot office building in Woodcliff Lake.