The shore season is in full swing, but parts of the Jersey Shore are like a ghost town.
In recent years, state and local governments have been awarding giant economic development subsidy packages to corporations more frequently than ever before. According to a new national study, New Jersey is one of the states with the largest number of deals – 10 that cost a total of $1.4 billion.
In recent years, state and local governments have been awarding giant economic development subsidy packages to corporations more frequently than ever before. According to a new national study, New Jersey is one of the states with the largest number of deals – 10 that cost a total of $1.4 billion.
“One of New Jersey’s great economic assets is that it is a port of entry for immigrants from around the world. So far, we have not taken full advantage of this asset because we deny an affordable college education to undocumented students – in whom taxpayers have invested hundreds of thousands of dollars to encourage them to graduate from high school,” says NJPP president Gordon MacInnes. “This is an irrational waste of taxpayers’ investments and an injustice to deserving students.”
Being branded “unfriendly” to business is a third rail of politics, but are the subsidies, loopholes and tax breaks used at the state and federal levels good policy? Or are they irrational and inefficient? Come take part in the discussion in Montclair on Wednesday.