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: 09 Jul 2015 | Removal date: open ended
Still in force

Tax or social insurance relief

New Jersey's Economic Development Authority (EDA) approved a plan on July 9, 2015 by which the financial firm JPMorgan Chase Bank will receive $188 million in tax credits over 10 years to move more than 2,000 jobs from New York to Jersey City. The EDA estimated that the project, which includes a $68 million capital investment, will generate $665.5 million for the state over 20 years.
 
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.

AFFECTED COUNTRIES

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