Panasonic decided not to move its headquarters and almost a thousand jobs to a Brooklyn property owned by Forest City Ratner.
Instead, it will move from Secaucus, NJ to Newark, NJ, acccording to Crain's New York and Gothamist. Brooklyn apparently could't compete with a $102.4 million subsidy offered to Panasonic to move to Newark. But trouble looms: the town of Secaucus is suing.
Go to McBrooklyn's HOME PAGE.
Wednesday, April 20, 2011
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3 comments:
We are better off then competing in a foolish give away to corporations.
Would be better to use the money on small business in Brooklyn that actually generate more jobs.
Good link about it:
http://www.cjr.org/the_audit/chris_christies_corporate_welf.php
Now we understand why NJ is in such trouble.
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