Tag: Honeywell

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NJ Lost Honeywell’s HQ Because of Murphy’s Anti-Business Agenda

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the staff of the Ridgewood blog

Trenton NJ, Senators Joe Pennacchio (R-26) and Anthony Bucco (R-25) released the following statement in regards to today’s reports that Honeywell, a Morris Plains-based company, is moving its global headquarters to North Carolina.

Sens. Joe Pennacchio and Anthony Bucco said Gov. Murphy’s bad-for-business policies are driving companies like Honeywell out of state. (Wikimedia)
Morris Plains is a municipality within Senator Pennacchio’s Legislative District.

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Honeywell Plans to Flee New Jersey

13283691

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.