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(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.

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