6at4 Business Report: Farmers Insurance expanding in New Jersey

January 31, 2012 12:39:54 PM PST
New Jersey's Lieutenant Governor Kim Guadagno was on hand in Cherry Hill today to tour a facility that soon will bring 700 jobs to that state.

It is the new, New Jersey home to Farmers Insurance, which is the nation's 5th largest car insurance company.

Farmers set up shop here in Cherry Hill last October, but has now gotten approval to expand. So, over each of the next 4 years, the company will hire and train up to 200 agents.

Farmers cited New Jersey's favorable business climate as a reason for their decision.