Burlington Stores to Move HQ to Philadelphia, Bringing 2,000 Jobs and $370M Investment
Burlington Stores will relocate its corporate headquarters from Burlington, NJ to Philadelphia's Schuylkill Yards in a $370 million move, creating about 2,000 jobs over five years. The project is supported by roughly $30 million in Pennsylvania incentives (a $20 million Redevelopment Assistance Capital Program grant and a $10 million Pennsylvania First grant) plus a $7 million forgivable city loan and a 2% Job Creation Tax Credit, with SEPTA and the Philadelphia Parking Authority offering commuter discounts for new employees.