ANNOUNCEMENT 09 Nov 2011
The assistance was provided under the state government's Urban Transit Hub Tax Credit Program.
NUMBER OF INTERVENTIONS
Utilizing its Urban Transit Hub Tax Credit Program, the state of New Jersey provided a ten-year, $250,787,077 tax credit to Prudential Financial, Inc. This credit was later reduced to $210,828,357. The state government's principal aim in providing this aid was to retain this headquarters site in New Jersey.