The numbers behind New Jersey Economic Development Authority’s award of tax credits

The Star-Ledger

In following news about New Jersey’s incentive programs over the last year, it struck me that readers might incorrectly conclude that the state has paid out $5 billion in actual tax credits under the legislatively-created incentive programs that the New Jersey Economic Development Authority is charged with administering. This is not the case and as chair of the EDA’s board, I thought it might be useful to clarify that there is an important distinction between the EDA’s approval of an application and the actual realization of an award of tax credits.

Link to Op-ed