With the promise of 50,000 jobs and a $5 billion upfront investment, Amazon’s second headquarters project has New Jersey putting on a “full-court press” to be its home, Bloomberg BNA reports.
Gerald B. Silverman reports that the four legislative leaders and Gov. Chris Christie have put together a plan of $5 billion in tax incentives, including a $10,000 tax credit for each new job. Both candidates for governor have pledged their support for a package of incentives to attract the project.
The incentives would come through changes to the existing Grow NJ program, making it more flexible. Silverman writes:
Michele Siekerka, president and CEO of the New Jersey Business and Industry Association, said “we’re supportive of the Grow NJ program being more flexible and having additional incentives to address the needs of companies, big and small, looking to New Jersey for job creation.”
“We truly believe New Jersey would be an attractive place for Amazon to place HQ2, based on our talent pool and location,” she said in a statement emailed to Bloomberg BNA Sept. 28. “So looking at the opportunity to make us more competitive with these tax incentives is a good thing.”