Oceanport Pans CommVault’s Move To Fort Monmouth

Eatontown and Tinton Falls approve the move

CommVault,the Oceanport based Lucent spinoff  that is growing at a pace of about 24% per year, has proposed moving it headquarters to the Tinton Falls portion of Fort Monmouth where the company will build a 650,000 square foot facility.  CommVault has revenues of about $400 million per year and employs over 1200 people.

The Asbury Park Press reportsthat Oceanport did not support the revisions to the Fort Monmouth Redevelopment Authority’s development plan to accommodate CommVault.  Eatontown and Tinton Falls, the other municipalities that host Fort Monmouth, did approve the proposed revisions.

While Oceanport’s disappointment over losing such a fine company is understandable, CommVault has outgrown its current homeand will move out of its Oceanport facility anyway. The company was eyeing the Avaya site in Middletown prior to choosing Fort Monmouth.  Monmouth County is fortunate that the company has chosen has chosen to stay here.

Posted: April 24th, 2012 | Author: | Filed under: Economy, Fort Monmouth | Tags: , , , , | 20 Comments »

20 Comments on “Oceanport Pans CommVault’s Move To Fort Monmouth”

  1. Joseph Irace said at 8:56 am on April 24th, 2012:

    I would LOVE to know how much of our tax dollars, in the form of tax credits, abatements, grants etc. it is costing residents of the State of New Jersey to move this
    company 3 miles away. This shouldn’t be the pattern that FMERA, the EDA and the State of New Jersey is following to lure companies from other areas of the State in the name of job “creation.”

    I don’t buy the argument that they outgrew their location in Oceanport as much as I buy the argument that if enough tax incentives were thrown at them they would make the move to a different location.

    I can’t wait to see the politicans lining up at the ribbon cutting for a photo opportunity while the Borough of Oceanport, already hurting from the closure of Fort Monmouth has to replace the 500 jobs leaving our town.

    Let’s hope FMERA , the EDA and the State of New Jersey can come up with some outside the box thinking and do some real job creating at the Fort instead of job relocating.

    Full disclosure…I am a Councilman in the Borough of Oceanport.

  2. ArtGallagher said at 9:20 am on April 24th, 2012:

    Joe,

    It’s lousey that Oceanport is losing 500 jobs, but you were going to lose them anyway.

    Let’s hope the owner of the Oceanport building can attract a quality new tenant and that FMERA can attact out of state businesses to Fort Monmouth.

  3. Corey Vaughan said at 9:36 am on April 24th, 2012:

    If Commvault were going to move to Middletown, Industrial Way, or wherever they chose that is a business decision and good on them for growing and succeeding. The difference is that comes out of their pockets not ours. Why are the taxpayers financing this move. If they need to expand and leave Oceanport we’re sorry to see them go and wish them all the best but why are we paying for their relocation?

  4. Rick Ambrosia said at 10:54 am on April 24th, 2012:

    I’m confused…did OP not approve this move out spite? What would be the benefit to OP to not support the other towns in this same situation? Will it cause bad feelings down the road where TF and ET will not support a move to OP by another company? I’m just asking the questions…I’m confused as to the why OP did not approve this.

  5. Joseph Irace said at 11:03 am on April 24th, 2012:

    Rick-

    Oceanport did not approve of this job transfer since the 500 jobs will be leaving Oceanport for Tinton Falls. We do not believe FMERA or the EDA should be holding this out as a benefit to the communities when it is in fact harming an already effected community.

    Would Eatontown be happy if the Monmouth Mall was being closed and moved to Oceanport?

  6. Chris said at 11:15 am on April 24th, 2012:

    So based on this thinking, if a business has to make the decision to move from its current location, moving somewhere nearby or even in the same county can be too much of a hassle. Might be better for them to move to another part of the state or even out of state, so there are no hard feelings.

    And of course if you move within the same county, no jobs are lost, everyone can keep their jobs.

    But anyway, why should there be any kind of taxpayer funds used to subsidize a company’s relocation??

  7. Joseph Irace said at 11:27 am on April 24th, 2012:

    It’s supposed to be a free market economy. Businesses make decisions to move everyday. But, why should we in Oceanport, given the opportunity to voice our opinion, say that it is good for the State to move a business out of our town? Especially when the State is, we believe, throwing money at them to do so.

    I would assume that any town in a similar situation with an opportunity to speak on this would voice the same displeasure.

  8. corey said at 11:35 am on April 24th, 2012:

    Chris, that was my point exactly. As an Oceanport resident I find CommVault’s decision to move unfortunate but why are we subsidizing that move. If they have outgrown their space then by all means they should go to a space that suits their needs. But why FMERA paying to move an established company 5 miles down the road. If CommVault wants to go to Middletown or Tinton Falls that is fine but let them write the check.

  9. Jay Coffey said at 12:09 pm on April 24th, 2012:

    How in the world can anybody say whether this is a good or bad deal until we’ve seen the financial details of the transaction? How much is this deal going to cost the taxpayer per job? Do we have to wait until the deal is done before we find out what the particulars are? Is Commvault GUARANTEEING that a minimum number of NEW jobs are going to be created? Ms. Longo heard that 350 new jobs are going to be created, not to mention all of the construction jobs. I once heard that the Camden Aquarium was going to revitalize Camden’s waterfront and become a major tourist attraction. I also heard that Xanadu was going to do for Bergen County what the Mall of America did for Bloomington, Minnesota. Oh, and how about when I heard that the proceeds from the State Lottery and/or tax revenue from Atlantic City was going to reduce the need for taxpayer dollars to fund schooling. Or what about when I heard that the state was not going to fund its pension obligation for a little while but would make it whole really, really soon? Ms. Longo, you want us to “give it a chance” and stop thinking about our own “bottom line.” Well, quite frankly, Ms. Longo, we have no other option but to give it a chance because we don’t have any real say in how the property is going to be developed. As far as the “bottom line” is concerned, what, exactly, is the “bottom line” here? Is it putting as much money in the pockets of politically connection professionals and corporations as possible? Is it making sure that the State of New Jersey’s EDA has a place to park its employees for the next 15-20 years? Is it to put as much money as possible in the hands of the State and Federal governments? Or is it possible that the bottom line is really to create jobs? Because if the bottom line is to create jobs, I don’t think the State of New Jersey is equipped to create jobs without changing the entire way it does business. The State of New Jersey has not demonstrated any ability to create jobs over the past two decades and, given how incredibly difficult it is to do business in this state, it is certainly incapable of creating new jobs without giving away the store. And if you create new jobs while bankrupting yourself in the process, why try to create the jobs in the first place? I am constantly amazed at people who have blind faith in our government officials. Our county, state and federal officials no longer held accountable for anything, at any time, ever. The only public officials held accountable for an ything today are municipal officials, and they have been marginalized almost to the point of extinction. Other than all that, I think it is a swell deal.

  10. Jay Coffey said at 12:24 pm on April 24th, 2012:

    @Rick Ambrosia – Only after we know ALL of the costs (i.e., how much money is coming out of our collective taxpaying pockets) can anybody pass judgment on whether this is a good deal. Not one of the three towns knows the actual financial particulars of the transaction. You have to understand how FMERA is positioned as opposed to the three municipalities when it comes to these transactions. FMERA is like Don King and the three municipalities are like Leon Spinks. FMERA just lacks the really cool hairstyle.

    Full disclosure: I am Oceanport’s town crank.

  11. Rick Ambrosia said at 2:12 pm on April 24th, 2012:

    Well, it does seem very spiteful to both the company and to your partner towns. Also, your Governor has given away billions in tax breaks for businesses that want to either move here or stay here. Why wouldn’t you want to foster that type of business atmosphere regardless of where they land. Don’t you think that people that live in OP would still be employed by a company that moves 5 miles away? Doesn’t make any sense to me…..

  12. Your Governor Rick? said at 2:20 pm on April 24th, 2012:

    I always thought he represents the whole state

  13. Rick Ambrosia said at 2:32 pm on April 24th, 2012:

    He doesn’t represent me…didn’t vote for him, and I don’t really like him all that much. He’s the Governor, but hopefully, only for one more year.

    Have you read how the posters on this site talk about the President by any chance?

  14. Rick Ambrosia said at 2:33 pm on April 24th, 2012:

    Also, stay on topic or Art will take down your post.

  15. ROFLAO Ricky said at 5:55 pm on April 24th, 2012:

    Off Topic, Wasn’t THAT What You Were Criticized For Last Week?

    And It Was On Topic, A Conversation Mentioning The Governor Because When Somebody Says Obama Is Not My President, 100 Million Says You Would Have Said The Same Thing I Said..

  16. Rick Ambrosia said at 6:49 pm on April 24th, 2012:

    I see that sarcasm is above your pay grade.

  17. Reality Check said at 9:54 pm on April 24th, 2012:

    Take it easy on Little Ricky, he’s the one guy left in the state still longing for the Wizard of Wall Street, Jon “soon to be indicted” Corzine. It’s a common syndrome that results from losing election after election.

  18. Rick Ambrosia said at 1:58 pm on April 25th, 2012:

    Seems like the deal will be going through despite OP’s objections.

    http://www.app.com/article/20120425/NJNEWS/304250062/Fort-Monmouth-land-deal-could-bring-up-3-000-jobs-Tinton-Falls?odyssey=tab|topnews|text|Frontpage

  19. Bob English said at 2:36 pm on April 25th, 2012:

    Look…its good the compnay is staying in the area and its good they will be adding jobs but it is becoming routine in NJ for company’s to play one municipality off against another or to milk some $$$ from the state under the possible threat of leaving the municipality or state.

    Panasonic hit the jackpot about a year ago when they basically coned a $102 million ” transit hub tax credit ” from the state’s Economic Development Authority to relocate from Secaucus a few miles down the road to Newark.

  20. TR said at 9:35 pm on April 25th, 2012:

    This is not about 500 jobs leaving Oceanport. This is about proerty taxes. If the Owner can not re-rent that proerty they will go in and seek a reduction in their proerty taxes.

    What is interesting is the comments that people “think” the state is subsidizing this move. Why do they think that and what do they think the subsidy is?

    In the long run having Comvault in Fort Monmouth might not be a bad idea because it sets a precedent for a high tech company to set up shop their and maybe more high techs will follow their lead.