The way New Jersey’s Economic Development Authority has awarded incentives over the years has come under fire recently, spurring a call for an audit by Gov. Phil Murphy when he took office in January.
But Rutgers University’s Edward J. Bloustein School of Planning and Public Policy was already tasked with analyzing the incentives in March 2016, and the results are in.
The more-than-100-page report concludes the state has been generous with its incentive and capital funding awards — in part due to the formulas that have been used.