EDISON, NJ—Real estate executives convened at aNAIOP conference here on Tuesday offered highpraise to the benefits that have come from last year's passage ofthe Economic Opportunity Act.

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Dan Breen, executive vice president of businessand economic incentives for Jones Lang LaSalle,says that for years the State of Pennsylvania touted itscompetitive advantages to the higher cost State of New Jersey. Nowthat New Jersey has overhauled its corporate incentive programs, ithas gotten Pennsylvania officials worried, Breen says.

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BLS Strategies executive managing directorJay Biggins adds that the new incentive programshave proven successful since the legislation was passed last year,according to njbiz.com.

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“It's a shock and awe kind of impact,” Biggins said. “I thinkit's been hugely successful.”

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Cummis & Gross real estate attorneyTed Zangari says the incentive programs haveopened up the entire state to incentive options. “This has been abeautiful program to watch unfold,” he says. See story atnjbiz.com.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.