Tax Analysts Blog

Cowardly New Jersey Cronyism

Posted on Sep 17, 2012
The not so courageous New Jersey’s Economic Development Authority approved a $40 million tax credit for Honeywell International to keep it from moving its headquarters to Pennsylvania. Then the authority not so courageously approved a $40 million Grow New Jersey tax credit for Dotcom Distribution, an e-commerce warehousing and fulfillment company, so that it can build a facility and not move to Pennsylvania. Then the authority not so courageously approved a $50 million tax credit for developers to build a supermarket in Camden! Where is the outrage? Where are the political leaders who have the courage to say that this is the worst kind of economic policy?

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