In 2013, the New Jersey Economic Development Authority created the New Jersey Economic Opportunity Act, which provides incentives for companies to relocate to or remain in economically struggling locations in the state. These incentives largely come in the form of tax breaks, which are payable over 10 years and are equivalent to a project's cost. According to "The New York Times", "...the program has stimulated investment of about $1 billion and created or retained 7,600 jobs in Camden." This NJEDA incentive package has been used by organizations and firms such as the Philadelphia 76ers, Subaru of America, Lockheed Martin, and Holtec International.