CHRISTIE ADMINISTRATION ECONOMIC DEVELOPMENT POLICIES CONTINUE TO ATTRACT COMPANIES TO THE GARDEN STATE AS NEW JERSEY WELCOMES ALICE + OLIVIA BY STACEY BENDET TO SECAUCUS

TRENTON, N.J. (Feb. 2, 2011) – The Christie Administration’s commitment to bring more companies and jobs to the Garden State was enhanced with the addition of alice + olivia by Stacey Bendet to its new location in Secaucus. The clothing design company, which expects to create 70 new jobs in the state, recently moved to a 75,000-square-foot facility that will house warehouse and administrative operations.

“The Christie Administration has made economic development and job creation a top priority, and alice + olivia by Stacey Bendet’s decision to set up shop in Secaucus is another indication that New Jersey is being redefined in the marketplace,” said Linda Kellner, Acting Executive Director of the New Jersey Business Action Center.  “As we continue to make our state a home for growth, our message is loud and clear – New Jersey means business.”

Founded in 2002 by CEO Stacey Bendet, alice + olivia started with a “just pants” collection and today offers a full line of products for women, men and children. The company recently expanded its portfolio to include accessories and also will be launching a shoe collection this spring. alice + olivia by Stacey Bendet has five free standing boutiques in New York City, Los Angeles, Malibu, Greenwich and Southampton, and the company’s merchandise is available in more than 700 stores worldwide.

“alice + olivia needed a location to accommodate our evolving business, and we were excited to kick off the New Year by opening our newest facility in New Jersey,” said founder and CEO, Stacy Bendet.

To support the company’s move to New Jersey and the creation of 70 new jobs in the state, New Jersey awarded alice + olivia by Stacey Bendet a Business Employment Incentive Program (BEIP) grant worth an estimated $340,112 over ten years.  The company was also considering opening its new facility in Pennsylvania.

To learn more about opportunities for business growth throughout New Jersey, visit the state’s business portal at www.NewJerseyBusiness.gov.