Despite the fact that many economic development deals fall short on job creation or other benefits, New Jersey is inconsistent in how it monitors, verifies and enforces its subsidy programs that cost taxpayers millions of dollars per year.

Many of New Jersey’s economic development programs, which spend millions of tax dollars each year, require little – if any – job creation and lack proper wage and benefit standards.

New Jersey’s working families are worse off economically today than they were at the turn of the century, according to The State of Working New Jersey 2011: The Lost Decade.

Few Americans move between states, and the little interstate-migration that does occur is more frequently due to job opportunities and housing prices than tax rates.

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TRENTON (Jan. 6, 2011) A broad array of legislation being considered by the state Legislature today in the guise of a job-creation effort called “Back to Work New Jersey” will cost the state between $772 and $805 million in business subsidies and lost corporate tax revenue in the coming fiscal year, according to an analysis by the nonpartisan group New Jersey Policy Perspective.

TRENTON (Dec. 8, 2010) When it comes to public disclosure of business subsidies, New Jersey rates a “D” in comparison with other states, according to Good Jobs First’s report, Show Us the Subsidies: An Evaluation of State Government Online Disclosure of Economic Development Subsidies.

TRENTON (Dec. 8, 2010) Legislation being considered today by the Senate Budget and Appropriations Committee as well as the Assembly Budget Committee is little more than a collection of generous business subsidies and costly corporate tax give-aways packaged by majority Democrats as a job-creation program.

TRENTON (September 15, 2010) In the first year of a new state law aimed at increasing economic development, tens of millions of tax dollars are being diverted to help pay for private projects, according to the findings of a new report from New Jersey Policy Perspective.

TRENTON (July 27, 2010) The state should turn its budgetary crisis into a “moment of opportunity” for restructuring NJN and promoting the development of public radio and online public media in New Jersey, according to a new report from New Jersey Policy Perspective.