X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(RealShare New Jersey comes to the Hyatt Regency, New Brunswick, NJ, September 19.)

TRENTON-The state’s Economic Development Authority has decided to sweeten its offer to Honeywell International to keep it in Morris Township, awarding a $40 million tax credit. A state business incentive program was expanded two years ago specifically to entice Honeywell not to move to Pennsylvania – but Honeywell is once again weighing the move, saying costs have sharply increased. At a Wednesday meeting – the last for departing CEO Caren S. Franzini – the EDA also approved a $40 million award for Dotcom Distribution under the same “Grow NJ” tax credit program begun in January.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.