>New Jersey lures pharmaceutical facility
The pharmaceutical company behind Botox will give a shot in the arm to the New Jersey economy by building a new $12 million research facility in the state, Gov. Chris Christie announced Monday.
The move by California-based Allergan Inc. counters years in which the state has shed well-paying pharmaceutical jobs — a trend Christie has been personally involved in trying to stop. The governor lobbied the firm in person while in California last September to deliver a highly-touted speech at the Ronald Reagan Presidential Library.
New Jersey officials are poised to offer the company a 10-year, $17 million state grant to build the facility, which is expected to create about 400 jobs. State officials cited the grant as a key bargaining chip in beating out other area states looking to woo the firm. (Haddon, The Wall Street Journal)