Be interested in who’s on the board, management, and to follow the money as this stinks.
Theoretically any tax decrease that stimulates wealth creating capitalistic economic activity is appropriate policy.
Good thing it wasn’t Camden, or taxpayers would’ve had to finance ten times as much to make it attractive.
175 jobs assume $50K per job. = $8,750,000 in salaries.
NJ Income tax = 5.5% = $481K per year in income tax.
If the tax credit is for property tax on property that is yet to be developed, then it’s not like the state is losing anything, but more like they get an instant Income tax stream and a property tax stream in 10 years.
Probably makes sense.
Democrats, tech firms, Goldman Sachs, fraud, organized crime, money laundering, wealth creation for the chosen, financial corporate political backing....25 yrs of this.... Clinton’s started it.
See?
NJ figuring it out. TN gave out almost 600mil in Tax breaks to land VW. Beat AL by 100. People paying tax on their Pringles adds up.