the staff of the Ridgewood blog
Morris Plains NJ, Just over three years after getting a $40 million tax credit to stay in New Jersey in 2015 Honeywell International Inc. is now fleeing the Garden State in a move to low tax and far more business friendly North Carolina.
In what can only be described as a major blow for the state ,Honeywell has joined the growing list of companies that has decided to leave New Jersey and its anti business high tax ways . The move is expected to result in 700 to 800 jobs for North Carolina . Honeywell is ranked 77 on the Fortune 500 list of the largest U.S.-based companies.
I’m not a Murphy fan, by far, but if Honeywell just got a $40 mil tax credit, then why splitting after less than 4 years? It’s no secret that NJ taxes were oppressing residents and businesses for a while now. The big loss is opportunity for skilled positions leaving and headed 600 miles south. The influx of unskilled illegals now the Murph has declared us a sanctuary state simultaneously with the weed business is an abomination.
Shocker!
I thought I read that they were staying. Maybe it was old news.
They sold a massive Campus in the Morristown nj area
about 5 years back relocating locally nearby