NJ to pay online marketing firm Webimax $12M over 10 years to move to Camden

The State of New Jersey plans to pay online marketing firm Webimax $12 million over 10 years to relocate from Mt. Laurel to Camden, the Inquirer reports.

Webimax has 100 employees and was named New Jersey’s fastest growing company by Inc. in 2012. It originally planned to move to Delaware, after Delaware Gov. Jack Markell called Webimax CEO Kenneth Wisnefski to lure him to the state. Wisnefski, the Inquirer reported, reached out to New Jersey to see what kinds of offers they could make to keep him and his company in the area. It worked.