(856) 881-9230 Ext. 88116

(856) 881-9230  Ext: 88178

M-F 8:30am - 4:30pm

Business Development

Glassboro’s Business Development Office aims to promote a healthy environment for businesses of all types and sizes in the Borough of Glassboro, New Jersey.

The Business Development Office assists companies seeking to relocate, expand or stay in Glassboro.  We have specialized expertise across a range of sectors including startups, light industrial/manufacturing, life sciences, high tech, retail, restaurants, and the creative economy.  As a progressive community, the Business Development Office also engages with partners to promote Glassboro as open for business within the South Jersey, Delaware, Philadelphia and New York markets.  Our team is ready to support your business needs every step of the way.

glassboro business development

Lavon Phillips

Director of Business Development

(856) 881-9230  Ext. 88178

lphillips@glassboro.org

Tawana Bryant, Administration

(856) 881-9230  Ext. 88322

tbryant@glassboro.org


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Glassboro is a NJ Opportunity Zone.

The Opportunity Zones program was enacted as part of the 2017 federal Tax Cuts and Jobs Act and is designed to drive long-term capital investments into low-income rural and urban communities. This federal program provides opportunities for private investors to support investments in distressed communities through participation in Qualified Opportunity Funds. Investors can defer paying federal taxes on capital gains reinvested in Qualified Opportunity Funds that invest in low-income communities, under rules released by the U.S. Department of the Treasury. Reinvested capital gains are deferred from taxation until exit from a Qualified Opportunity Fund or December 31, 2026, whichever comes first. However the original gains reinvested in Qualified Opportunity Fund investments held for the long term are taxed at reduced rates, with taxable gains discounted by 10% at the 5-year mark and by an additional 5% discount at the 7-year mark. Any new gains from Qualified Opportunity Fund investments held for at least 10 years will be permanently excluded from the capital gains tax.