While New Jersey’s economy continues to recover from the last recession, the state’s economic development community has been armed with some powerful incentive programs that have leveled the competitive playing field with other states, say panelists at NAIOP New Jersey’s recent “Incentives Update for Developers & Brokers” seminar.
“The numbers speak for themselves – numbers that are exceeding the competition,” says Jay Biggins of BLS Strategies, a Princeton, NJ-based location economics firm. While cautioning that the numbers “may not last forever,” the state’s programs “are having the intended effect. It is irresponsible for a company not to take New Jersey seriously – we are talking to clients who would not have considered New Jersey without these incentives.”
Jay is the Executive Managing Director at Biggins Lacy Shapiro & Co., one of the most highly regarded site selection and incentives advisory firms in North America. BLS & Co. helps manage the complexities associated with finding optimal locations and securing incentives to support new ventures.