By Erin Banco | NJ Advance Media for NJ.com

New Jersey in October submitted its massive $7 billion incentive deal offer to Amazon in an attempt to lure the online retail giant to Newark to develop its HQ2 headquarters. The deal is 18 times larger than the next largest incentive package offered to a company in the state.

New Jersey handed out a total of $8.9 billion in subsidies since 1996, most of them awarded since 2010, according to data released by Good Jobs First, a national policy resource center in Washington.

The Economic Development Authority (EDA), the state group responsible for overseeing and administering subsidy packages, said not every company that signs an incentive agreement receives the entire subsidy award. In fact, several of largest incentive deals in this list have yet to be initiated, which means the companies have not received the full payout of the subsidy.

That's because companies need to pass several thresholds in order to get the payout. It needs to complete construction, invest a certain amount of capital and hire a specific amount of people before the EDA grants it certification for subsidy payouts.

Available state data indicates that for many of these projects, little of the money awarded by the EDA has been credited to companies.

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Construction crews work to put in temporary pipes to restore water to local customers at the New Jersey American Water Swimming River Reservoir in Middletown. (Star-Ledger file photo)

10) American Water Works Company

Subsidy size: $164,200,000 over 10 years

Year awarded: 2015

Location: Camden

Notes: American Water is the largest publicly traded water and wastewater utility company in the U.S., according to its website. State data shows the state gave the company the subsidy to build its new headquarters in Camden. American Water said it would retain about 600 jobs and add an additional 100. The company has not begun receiving subsidy credits, according to state data.

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9) Goldman Sachs

Subsidy size: $164,300,000 over 10 years

Year awarded: 2000

Location: Jersey City

Notes: State data shows the company used the 2002 award to move its equity sales, trading operations, and its research and data departments, to Jersey City. The company created about 2,400 jobs, most of them employees who transferred from New York, according to the Economic Development Authority. The state has approved about $115 million in subsidy credits.

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8) JP Morgan Chase Bank

Subsidy size: $187,800,000 over 10 years

Year awarded: 2015

Location: Jersey City

Notes: JP Morgan Chase used the 2015 subsidy award to move about 2,000 jobs from New York to Jersey City, bringing the company's numbers at the campus up to 7,000, according to the Economic Development Authority. The company has not begun receiving subsidy credits, according to state data.

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Prudential holds a ribbon cutting in Newark to celebrate the grand opening of its new 20-story, 740,000-square-foot office tower. September, 29, 2015 (Patti Sapone | NJ Advance Media for NJ.com)

7) Prudential Financial

Subsidy size: $210,828,357 over 20 years

Year awarded: 2011

Location: Newark

Notes: The state gave Prudential the subsidy in 2012 to leave its Gateway complex and build a new office tower in Newark. The company said it would create 400 new jobs, bringing in 100 employees from out of state, according to the Economic Development Authority. State data shows the EDA has so far approved $21 million in subsidy credits. The tower opened in September 2015.

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6) Sayreville Seaport Associates

Subsidy size: $223,277,590 over 20 years

Year awarded: 2014

Location: Sayreville

Notes: Sayreville Seaport Associates, which is majority owned by Prudential, received the subsidy award in 2014 to build Luxury Point, a new shopping mall and housing development, according to the Economic Development Authority. State data shows the company said in 2014 it would create 3,900 new jobs. The EDA has not yet certified subsidy credits for the company.

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NJ Gov. Chris Christie announced a plan for business tax relief at J.P. Morgan Chase in Jersey City April 12, 2016. (Aristide Economopoulos | NJ Advance Media for NJ.com)

5) JP Morgan Chase Bank

Subsidy size: $224,835,000 over 10 years

Year awarded: 2014

Location: Jersey City

Notes: JP Morgan Chase used the 2014 subsidy award to expand its presence in New Jersey, according to the Economic Development Authority. The state required the company to transfer its 2,612 employees working elsewhere in the state to Jersey City and to create 1,000 new jobs. The Economic Development Authority has so far certified about $22 million in credits.

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4) EMR Eastern

Subsidy size: $252,750,000 over 10 years.

Year awarded: 2015

Location: Camden

Notes: The company received the subsidy award in 2015 to build a sprawling metal recycling plant on Camden's waterfront, according to the Economic Development Authority. The project proposal included a $700,000 square-foot plan on a six block plot. EMR owns the city's Camden Iron & Metal. State data shows the company set out to create 285 jobs with the project. The state has not yet certified subsidy credits for the company.

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Holtec International opened its new Camden Waterfront facility in September, which is expected to train and employ Camden residents. (Photo courtesy Cinnaminson Township Public Schools)

3) Holtec International

Subsidy size: $260,000,000 over 10 years

Year awarded: 2014

Location: Camden

Notes: The company received the award in 2014 to move its manufacturing facility to a plant in Camden where it would make small nuclear reactors, according to the Economic Development Authority. State data shows the company intended to create hundreds of jobs for Camden. Holtec unveiled its new facility in September. The state has not yet certified subsidy credits for the company.

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2) Revel Entertainment Group

Subsidy size: $323,000,000 over 20 years

Year awarded: 2011

Location: Atlantic City

Notes: New Jersey approved the subsidy to help the company finish the Revel Casino project and restore the boardwalk in front of it, according to the Economic Development Authority. State data shows the company intended to create 5,500 jobs with the casino. The casino closed in 2014 and the company did not receive any of its subsidy, according to the EDA. AC Ocean Walk plans to acquire the Atlantic City property and invest another $175 million in the casino.

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A rendering of the American Dream entertainment complex project. (American Dream project photo)

1) Ameream and Meadow Amusement (American Dream)

Subsidy size: $390,000,000 over 20 years

Year awarded: 2013

Location: East Rutherford

Notes: New Jersey awarded the companies the incentive package in 2013 to develop the retail and entertainment American Dream complex, which has been under construction in the Meadowlands in East Rutherford for more than 10 years. State data shows the company intended to create more than 11,000 jobs with the project. The state has not yet certified subsidy credits for the company.

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Total awards vs. total credits certified

The 10 top subsidy awards total: $2.41 billion

Total amount of subsidies certified: $158 million

Erin Banco may be reached at ebanco@njadvancemedia.com. Follow her on Twitter @ErinBanco. Find NJ.com on Facebook.