A small mutual insurance company founded in Salem County, NJ, is moving across the river to Wilmington.
Farmers of Salemis relocating from Salem, NJ to Wilmington in 2021, bringing 52 jobs to the city’s Central Business District. An additional five jobs will be added by the company, according to a release from the Delaware Prosperity Partnership.
Farmers of Salem plans to invest close to $5.6 million in the purchase and renovation of an existing office building in Wilmington. The company already has identified and is in negotiations for a property and has been approved for $399,252 in relocation support grants from the Delaware Strategic Fund.
“Farmers of Salem’s investment shows Delaware’s strength as a premier location for the financial services industry,” said Gov. John Carney. “This investment will support good-paying jobs for Delawareans and their families, and the continued growth of our state’s economy. Businesses looking to grow and thrive choose Delaware because we have a lot to offer – from a strong and talented workforce, to a central location and excellent quality of life.”
Farmers of Salem holds a rating of A- EXCELLENT from A.M. Best Co., an…
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