Upping Ante In Bid for Jobs
A key New Jersey lawmaker is set to introduce a bill Monday that would usher in the biggest revision in years to the state’s tax-incentive programs, which have been an important element of Gov. Chris Christie’s economic-development agenda.
Proposed by Assemblyman Al Coutinho, whose opinion carries significant weight in state economic-development affairs, the legislation would consolidate five tax-incentive programs into two—one for job creation and the other for spurring development—and would put additional weight on bringing new jobs to the state, over preserving those deemed “at risk” of leaving. (Haddon/Wall Street Journal)