“A century ago, we had the European waves of immigration that fed our factories, and now our highly educated workforce fills the high-technology jobs of the present and future,” he said. “In many cases, firms treasure their New Jersey employees and don’t want to lose them by moving out of state, so they do keep operations here.”
Topic
corporate income tax
These factors may have affected Samsung’s choice to leave NJ for Texas
Samsung is leaving its Englewood Cliffs, NJ headquarters with 1,200 employees headed to Texas. Rutgers Bloustein School professor James Hughes didn’t mince words: “This is a tough deal for New Jersey. New Jersey has to confront this.” Even top schools and transit access “was not enough to keep them.”