New Jersey has been eagerly pursuing a strategy, since 1996, that uses tax credits and other incentives to prevent companies from leaving the state, to encourage them to expand here, and to attract others. It hasn’t worked. State investment has increased substantially — committing more than $6 billion during Gov. Chris Christie’s time — but the state’s economic growth has been, to put it charitably, sluggish.
Guest column by Linda Stamato and Sandford Jaffe