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The Bond Buyer: New Jersey governor, facing budget pressure, looks at tax breaks
The Bond Buyer’s Andrew Coen talks to GSI President Regina Egea about restructuring New Jersey’s corporate incentive program. Gov. Murphy has directed the state comptroller’s office to audit the state Economic Development Authority’s tax incentive programs going back to 2010.
“The odds are very low, I believe, that these total dollars are being presented to the market in a way that maximizes New Jersey’s growth, particularly in key industries,” says Egea “It seems to me that if New Jersey integrated, or at least coordinated ‘layers’ of incentives in order to maximize these extremely valuable investment dollars, our economy will grow on a steeper trajectory.”
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