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"Another one bites the dust. When states become to expensive to operate in, they will leave for other states. When the US gets to expensive, they move overseas. When will local, state, and national government realize this?? Apparently never. As long as we keep hemorrhaging buisnesses here in NJ, Christi best keep slashing jobs and spending, because we are losing our what's left of our rateables fast, and that just leaves we residents left to pay these outrageous taxes."
Looks like it was a combination of factors that is causing this to happen. Spending $10 million (at least) to keep the company where it was doesn't seem to make sense if it contributes only $400,000 in tax revenue each year. Time to tighten your belts, folks. Starting with the teachers unions.
The competition between states only helps big business and hurts workers. We keep paying companies to move back and forth. It doesn't create more jobs, just shifts them around and creates havoc for workers and communities.
We're doing this to ourselves - handing the keys to Wall Street.
I read the article that u posted and it didn't say that New Jersey the state was to expensive it said the plant was built in 1890 and it cost to much to operate and rebuild. They had 62 acres and polluted the area and paid 400,000 in property taxes. There is a house in Brick on Princeton Avenue on a acre and they pay almost 200,000 in property taxes. The state and town bent over backwards to entice them to stay but the POS building is ready for a wrecking ball.
The competition between states only helps big business and hurts workers. We keep paying companies to move back and forth. It doesn't create more jobs, just shifts them around and creates havoc for workers and communities.
We're doing this to ourselves - handing the keys to Wall Street.
I disagree. NJ is a victim of its own success and it results in the moving of these types of manufacturing/warehouse/distribution jobs to the Allentown/Bethlehem region of PA. Company's want to able to distribute to NYC, Philly, Boston, Baltimore, DC, Albany, Hartford Buffalo/Syracuse/Rochester area, etc
Lehigh Valley region arguably has better access for distribution and the COL is much, much lower. COL in NJ has gotten very high. If they move to Lehigh Valley they are going to be paying middle class salaries, and getting better workers. In NJ they are going to be paying relatively lower salaries, and getting workers reflecting that.
I disagree. NJ is a victim of its own success and it results in the moving of these types of manufacturing/warehouse/distribution jobs to the Allentown/Bethlehem region of PA. Company's want to able to distribute to NYC, Philly, Boston, Baltimore, DC, Albany, Hartford Buffalo/Syracuse/Rochester area, etc
Lehigh Valley region arguably has better access for distribution and the COL is much, much lower. COL in NJ has gotten very high. If they move to Lehigh Valley they are going to be paying middle class salaries, and getting better workers. In NJ they are going to be paying relatively lower salaries, and getting workers reflecting that.
I worked closely with a company which is moving it's HQ to that area. They are doing so because PA is paying them millions in cash to move. Period. They are renting the space because their plan is to move to another area with incentives when these run out. Part of the incentive cash is with the provision that they create a specific number of jobs. These jobs do not have to come from the local population though, and as the company will move again, locals will suffer when the company jumps ship.
Statistics do not support your claim regarding PA and NJ salaries and workers.
I think that the governor's current plans (cutting business taxes and not reinstating the "Millionaire's Tax") do not go far enough.
I suggest that he set up a plan to transfer money each month from the State Treasure directly into the accounts of large companies and wealthy people in NJ. Only by vastly increasing the amount of financial support for these entities can we hope to see the type of job creation that was achieved during the Bush Administration.
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That's really bad news. That's really bad news.
