Financial Tool News

The New Jersey Economic Development Authority (NJEDA) announced that companies making a capital investment in offshore wind-related facilities in New Jersey can now apply for tax credits through the state’s Offshore Wind Tax Credit Program.According to NJEDA, the Offshore Wind Tax Credit is a financial tool designed to spur private capital investment and employment growth in major land-based projects related to offshore wind. It provides reimbursement for eligible capital investments in industry-specific facilities located in the seven southern counties.Total credits approved as part of the program are capped at $100 million.“Encouraging…

Globe Wireless announced an exclusive worldwide sales and marketing relationship with CrewCash, LLC (CrewCash), a payments company offering comprehensive prepaid solutions to the commercial maritime industry. CrewCash and ShipMoney is a new prepaid Visa® card program for captains and crew members. The program provides a very efficient and cost effective alternative to the delivery of currency to ships. It is based on reducing the number of cash deliveries and the amount of cash held onboard, thereby significantly reducing costs.