Thursday, March 16, 2017

Incentives

With $24.5 million per year, I could pay decent salary and benefits for 250 people for doing nothing.

Norcross applied for a $245 million, 10-year tax incentive through the controversial Grow N.J. program, which is run by the state Economic Development Authority and rewards companies that keep or create jobs in the state.

Just has to "keep" jobs. Basically, you just apply for the money and if you're well-connected enough they give it to you and don't bother to see what you did with it later.