Group questions Christie’s tax breaks for business
Bloomberg reported “Since February 2010, New Jersey companies have regained 125,700 jobs, about half the number lost during the slump. New York got back all the jobs it shed by 2012.” The report said eight of New Jersey’s 10 largest subsidies have come since 2010, including $210.8 million for Newark-based Prudential Financial Inc. to build a new office a few blocks away from its old one. Panasonic Corp. was awarded $102.4 million to move its North American headquarters to Newark from Secaucus after the company threatened to leave New Jersey. (Ingle/The Asbury Park Press)
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