August 19, 2014
GrowNJ Incentives Program Updates
Recent articles cover some of the success & struggles of the GrowNJ program as New Jersey works to keep companies and jobs within the State.
Even in the case of Panasonic, which received a well-documented $102.4 million tax credit in 2011 to relocate its North American headquarters to Newark from Secaucus, incentives aren’t always enough to keep a company in New Jersey.
Quality of life. That’s what Elmwood Park-based Sealed Air, a Fortune 500 manufacturer of Bubble Wrap and other packaging, cited last month as one of the main reasons it’s leaving New Jersey for North Carolina.
After talk of leaving the state, a major transportation equipment provider and chassis leasing business has decided it will remain in the township thanks to an incentive grant from the New Jersey Economic Development Authority.
Around Central New Jersey