Christie Works On Bringing Jobs To NJ - My9 New Jersey

Christie Works On Bringing Jobs To NJ

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Trenton, New Jersey (My9NJ) -

Governor Christie was surrounded by Democrats and Republicans as he signed into law a new bipartisan bill called “The Economic Opportunity Act”. This bill hopes to incentivize businesses to stay in New Jersey, grow in New Jersey and come into New Jersey.

The bill lowers the threshold making it easier for businesses to come into the Garden State and then offers them tax breaks.

In fact, Panasonic was considering leaving New Jersey all together and bringing their company to California or Atlanta but decided to stay, keeping one thousand jobs in New Jersey and they also agreed to create another 450 jobs over the next ten years. The company was given $102.4 Million from the state to get them to stay here.

The bill specifically targets four cities: Paterson, Passaic, Camden and Trenton. The Governor even hopes that this will help Camden become competitive with Philadelphia which is just across the river.

Considering New Jersey’s unemployment rate is at 8.6%, a bill like this may be just what the New Jersey economy needs.

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