IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 10 Nov 2014 | Removal date: open ended
Still in force

Tax or social insurance relief

In 2014 the New Jersey Economic Development Authority provided an incentives package to Lockheed Martin for the Relocation of laboratory facilities from another location in the state. The subsidy amounted to $107 million in tax credits over 10 years. The company will move two facilities from Moorestown, NJ to Camden, NJ. 
 
The GTA includes state guarantees and other financial incentives thatare likely to affect the restructuring and performance of firms facinginternational competition, whether from imports, in export markets, andfrom foreign subsidiaries.

AFFECTED COUNTRIES

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