"Visionary companies like Suuchi Inc. recognize that New Jersey provides access to an unparalleled pool of skilled, diverse talent, and the distinct logistical advantages of our unmatched location," said New Jersey governor Phil Murphy. "A critical part of our vision for a stronger and fairer New Jersey economy is creating an environment that fosters the growth of diverse and innovative companies in high-growth sectors, including advanced manufacturing. We are delighted that Suuchi Inc. has chosen to grow here and provide more opportunities for New Jerseyans."
Suuchi sells to businesses including young designers launching fashion labels, retailers seeking to make private-label clothing in America, and large firms supplying uniforms to the casino and hospitality industries. Grow New Jersey (Grow NJ) tax credits of up to $37.17 million over ten years were approved for Suuchi, Inc. at the New Jersey Economic Development Authority’s (NJEDA) September 2018 Board meeting, and encouraged the company to expand in New Jersey instead of relocating operations to North Carolina.
"We have experienced great success in New Jersey, and attribute much of our momentum to our ability to recruit savvy and skilled employees from a diverse pool of talent. We are excited to continue to grow and support our customer base, while contributing to the local economy," said Suuchi Inc. founder and CEO Suuchi Ramesh.
"Making New Jersey the State of Innovation is a top priority of Governor murphy’s economic development strategic plan, and Suuchi Inc.’s business model aligns with this vision. Between its technology-based business model and its commitment to creating advanced manufacturing jobs, New Jersey is positioned to support Suuchi’s continued growth," said NJEDA CEO Tim Sullivan. (RR)
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