Corporate Real Estate Law

Breaking News: Legislation Introduced to Extend & Amend Grow NJ Incentive

By: Ted Zangari, Esq. 

The powerful chair of the Assembly Budget Committee, Eliana Pintor Marin, has introduced legislation to extend the Grow NJ employer incentive program currently set to expire next July.  Trenton sources report that a companion bill will be introduced on the Senate side by an equally powerful legislator.

> Click here for a summary of the legislation

Why Honeywell’s $40M Incentive May Have Saved N.J. from Massive Loss of Employees

As seen on:  ROI-NJ.com
By: Tom Bergeron

Public outrage surfaced in Morris Plains and in other parts of the state Friday, when Honeywell announced it is moving its headquarters and 150-200 top employees to North Carolina, just a few years after it was given a generous tax incentive to stay in New Jersey.

It was a logical reaction.

And it understandably led to a few smattered calls from those who are against such subsidies — they like to call them “corporate welfare” — to end programs such as Grow New Jersey.

There’s just one problem...

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