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Wednesday, April 20, 2011

Panasonic Not Moving HQ and Thousand Jobs to Brooklyn

 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.
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3 comments:

  1. AnonymousApril 20, 2011 at 5:52 PM

    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.

    ReplyDelete
  2. AnonymousApril 20, 2011 at 6:08 PM

    Good link about it:

    http://www.cjr.org/the_audit/chris_christies_corporate_welf.php

    ReplyDelete
  3. mcbrooklynApril 21, 2011 at 12:05 AM

    Now we understand why NJ is in such trouble.

    ReplyDelete