New Jersey’s Economic Development Incentives Face Scrutiny with Christie Administration

March 5, 2014
By Good Jobs First


Christie trouble

As the Christie Administration faces

intensifying scrutiny

over the Governor’s relationships with his political appointees, the state’s economic development incentive awards have also come into question.  This week

The New York Times

revealed that David Samson, Chairman of the Port Authority and the central figure of “Bridge-gate,” also played a critical role in

expanding the scope of New Jersey’s subsidies

through his law firm Wolff & Samson.  In addition to lobbying for tax breaks for Honeywell, the firm also served as counsel for the state’s bond deal on the controversial Panasonic relocation, and represented the infamous

Xanadu

(now American Dream) project when it sought a new set of subsidies from the state.

New Jersey Policy Perspective revealed a year ago that the volume and value of special tax breaks given to companies mushroomed under Gov. Christie’s leadership, rising to a

record $2.1 billion

in the first three years of his term.  But the subsidy blowout hasn’t demonstrated a positive effect on New Jersey’s employment rate,

according to Jon Whiten at NJPP

.  Compared to the national average, the state has recovered half as many jobs following the recession.  We may now be getting a better understanding of how these subsidies were used, if not for job creation.

Read the full article "

In Job, Appointee Profits and Christie Gains Power

" at

The New York Times

website.