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Thread: New Jersey Pays $102 Million to Move Electronics Firm Down the Road

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    New Jersey Pays $102 Million to Move Electronics Firm Down the Road

    New Jersey Pays $102 Million to Move Electronics Firm Down the Road - FoxNews.com

    Panasonic signed a 15-year lease to move to Two Riverfront Center in downtown Newark from Secaucus, N.J., after being in the market and fielding offers for a new corporate home from states including Georgia, California and New York.

    CEO Joseph Taylor said at a press conference following the lease signing that the incentives are what enabled business giant Panasonic to remain in the Garden State.

    "Like some other major electronic companies, Panasonic faces the same demanding economics that led those companies to leave the state of New Jersey and move across the country," Taylor said. "We're keeping 1,000 jobs in New Jersey; we're keeping our employees here."
    The funding falls under a tax credit program called the "Urban Transit Hub Tax Credit," which is intended to develop blighted areas accessible to public transit by giving corporations that employ at least 250 full-time workers incentive to build or rent office space in or near nine designated urban transit communities, one of which is Newark.
    Christie defended the decision at a press conference at the Meadowlands Sports Complex in East Rutherford last month, saying tax breaks like the one offered Panasonic are necessary to keep high paying, white-collar jobs in New Jersey and "stay competitive with other states."
    Panasonic officials said that commercial real estate developers SJP Properties and Matrix Development Group will begin construction on a new 280,000 square foot sustainable high-rise facility this summer. The company also expects to move from Secaucus to what will be known as Two Riverfront Center before April 2013.
    Excellent move by Christie. He keeps an important corporation within the state, ensuring future tax revenue... he keeps a thousand jobs in the state (more when you count the construction and support jobs the new facilities for Panasonic will create... he shows other corporations he is business friendly and willing to work with them so they don't relocate outside the state...

    excellent move.

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    Re: New Jersey Pays $102 Million to Move Electronics Firm Down the Road

    Christie wants your vote when he runs for president. Sadly, a number of people, many with the brains of a large rabbit, will support him.










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    Re: New Jersey Pays $102 Million to Move Electronics Firm Down the Road

    Quote Originally Posted by Risky Thicket View Post
    Christie wants your vote when he runs for president. Sadly, a number of people, many with the brains of a large rabbit, will support him.
    care to address the actual topic?

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    Re: New Jersey Pays $102 Million to Move Electronics Firm Down the Road

    you mean corporate welfare?
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    Re: New Jersey Pays $102 Million to Move Electronics Firm Down the Road

    But... I ... but...

    Wha...You support... but...

    *head explodes*
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    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: New Jersey Pays $102 Million to Move Electronics Firm Down the Road

    I don't get it. Why do people attack someone for doing the right thing for his State, which by the way is his job.

    Liberals in any clothing seem to have to insult people, call them, etc. Have they all learned not to think, and for crying out load never talk about the issue at hand.

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    Re: New Jersey Pays $102 Million to Move Electronics Firm Down the Road

    Quote Originally Posted by Councilman View Post
    I don't get it. Why do people attack someone for doing the right thing for his State, which by the way is his job.

    Liberals in any clothing seem to have to insult people, call them, etc. Have they all learned not to think, and for crying out load never talk about the issue at hand.
    And how do you feel about corporate welfare?
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    Re: New Jersey Pays $102 Million to Move Electronics Firm Down the Road

    Quote Originally Posted by Whovian View Post
    New Jersey Pays $102 Million to Move Electronics Firm Down the Road - FoxNews.com

    Excellent move by Christie. He keeps an important corporation within the state, ensuring future tax revenue... he keeps a thousand jobs in the state (more when you count the construction and support jobs the new facilities for Panasonic will create... he shows other corporations he is business friendly and willing to work with them so they don't relocate outside the state...

    excellent move.
    Illinois is doing the same thing and Motorola didn't even have to move. We're about to do the same thing with Caterpillar. You know what I'd like to see? The numbers! Why do we assume it's a good thing or a bad thing? We aren't privvy to the reasoning in black-and-white dollars.

    Whovian, I'm very curious about your stance. On what do you base that it's an excellent move by the governor?
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    Re: New Jersey Pays $102 Million to Move Electronics Firm Down the Road

    Quote Originally Posted by Lord Tammerlain View Post
    you mean corporate welfare?
    care to define that term as it relates to this event?

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    Re: New Jersey Pays $102 Million to Move Electronics Firm Down the Road

    So let me get this straight. Liberals pin republicans with the charge that they've caused jobs to leave (states, the country at large, etc). Liberals demand that businesses bring jobs back or keep jobs here. Somebody does that, to benefit their state and constituents, and now it's evil.

    Is that about right?

    Excused me; those with "undisclosed" or "independent" affiliations who lean left.
    Last edited by tessaesque; 06-02-11 at 10:05 AM.
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