Ron Zeitlinger | Originally Published on NJ.com

World Business Lenders, lured from New York by a $17 million tax credit, cut the ribbon on its new headquarters in Downtown Jersey City with local, state and federal elected officials looking on last week.

The company, which specializes in providing working capital to small- and medium-sized businesses, officially moved in to 101 Hudson St. on July 20.

Helping CEO Doug Naidus cut the ribbon were Rep. Donald M. Payne Jr., Jersey City Deputy Mayor Marcos Vigil, Ward E Councilwoman Candice Osborne, former New York Rep. Edolphus Towns and representatives of the state Economic Development Authority and Economic Development Corp.

The company brings with it 125 jobs into Jersey City, and company officials have said they expect to create 100 new positions by the end of the year.