2 more no-name companies have gotten a buyout to move their digs to New Jersey.
2.4M for one and 3M for the other. Life is good. Who ARE these companies???
The claim is that they “could” bring up to 150 jobs to the town they are moving to. Really? Livable wage jobs that one can easily live on and pay bills with? In these parts, that is 50K a year to start with.
The incentive and “enterprise” program is a waste of money. Just what are we getting for the money? How is forking over millions of dollars to a company *really* helping the economy, both very local and other?
How many jobs does it actually create?
More food for thought. How come I can’t announce my company’ sintentions and get 3M for operating it as locally as it gets — my art studio???
One of these companies in the “enterprise zone” called me one business day after they set up the interview and said “The interview is cancelled; we did not get the money for the job. If we ever have the job again, we will call you first.” Silly company, silly people, silly mindset. NO real business with intelligent people has that kind of a collective brain.
Why are we handing out our hard earned money to chicklet little companies nobody’s heard of? Life’s Good is moving to Englewood Cliffs — and they will be paying out of their own pocket to construct their new headquarters. That’s the way it should be: no handouts; if you want it, YOU pay for it, not the state.
Frontage Labs is one of the companies — “Frontage is a global service provider with locations in the US and China.” This is from their website. And a click to another tab on the website reveals that the company is Chinese-owned.
Could we please stop doing business with ANY company that associates with CHINA!
I will bet the jewelry company has lots to do with thirld world countries. Judging from their website, nothing at all is manufactured here.
Could we help our own, for a change, really? Is that so much to ask??? There are plenty of businesses here in NJ that are home grown and will stay that way — no bases anywhere in any third world country — why can’t we use this money to help people in our own state, the start up companies that really need the money? If we are going to give incentives, can’t we help our own?