I took the liberty of Copying this from Millville's Favorate Blogger!!
This is an enconomic TREAT and not a trick
Verizon Tax Breaks
In not so bad news - the State Economic Development Authority authorized a ten-year, $20 million tax break for Verizon in New Jersey.
What this tax break does is keep Verizon, and jobs, in NJ. If you believe the hacks at Millville First, you would think that all tax incentives are completely unnecessary.
Of course, most of them are retired and receiving government pensions (not too many have ever worked in the private sector) and of course, do not need jobs. And that is not to mention that many of them also are on the receiving end of state and public monies, and are the first in line to grab every new “hand-out”.
If you were a MF’er, the first thing you would do is get your adding machine out and scream that the taxpayers are subsidizing 712 jobs at a cost of $28,089.89 per job.
The actual cost is less than $2,090 per year per job. It keeps a major corporation in the state. It keeps a viable business operating in a depressed area, which will encourage other businesses to locate there in the future. It creates some new jobs at Verizon, and guarantees that the building will see millions in dollars of private investment in renovations, hence creating construction jobs.
This beats the alternatives: construction workers sitting at home during a lax economy, not able to earn; skilled ex-Verizon employees standing in the unemployment line; sending those jobs over to Pennsylvania.
