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HOLLYWOOD EAST! Paramount Lands 40% Tax Credit as Anchor Tenant of Bayonne’s Massive 1888 Studios

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NJEDA Designates Paramount as Studio Partner, Locking in Major Investment for Bayonne

the staff of the Ridgewood blog

Bayonne NJ, New Jersey just secured a massive win for its burgeoning film industry! Following the announcement of a landmark 10-year lease agreement at the sprawling 1888 Studios campus in Bayonne, NJ, the NJEDA (New Jersey Economic Development Authority) board officially designated global media giant Paramount as a Studio Partner under the state’s Film and Digital Media Tax Credit program during its October 30 meeting.

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ASPIRE TAX CREDITS ADD TO STATE SUPPORT FOR MAJOR FILM STUDIO PROJECT IN BAYONNE

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the staff of the Ridgewood blog

Bayonne NJ, the New Jersey Economic Development Authority (NJEDA) Board today approved tax credits under the Aspire Program for 1888 Studios in Bayonne. The studio, developed by Togus Urban Renewal, will be the largest and first campus-style film and television studio facility in the Northeast, and will occupy 58 acres of land just minutes from New York City.

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