The recent report on the state’s business incentive programs by the state comptroller had a positive effect; that’s exactly what comptroller reports are supposed to do. Gov. Murphy reacted with strong concerns, a vigorous public debate ensued, and a legislative hearing highlighted the need to study these programs. What are the implications of all this?
Businesses have a responsibility to owners and/or shareholders to take advantage of any programs that will offer a net benefit for the company. A company’s business model may warrant consideration of financial incentives that are available through a third party (like a state). It may be in their interest if it will save them money and not dilute or compromise their ability to provide returns on their investment to their owners.