ANNOUNCEMENT 01 Mar 2011

In March 2011, a US state government announced a change in private-sector financial support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Main data from Good Jobs First at http://www.goodjobsfirst.org/sites/default/files/docs/Megadeals_February2015.xlsx.
Sarah Portlock, "Tax credit OK'd for Panasonic move to Newark," Newark Star-Ledger (February 17, 2011)


Inception date: 01 Mar 2011 | Removal date: open ended
Still in force

Tax or social insurance relief

 In 2011 the New Jersey Economic Development Authority offered an incentives package valued at $102,400,000 to Panasonic for relocating its North American headquarters a short distance from Secaucus; the company had indicated it was considering moving to another state. 
 
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.