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NJ Spotlight News | Business Report: Tax incentive program | Season 2022

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Report finds EDA addressed problems with tax-incentive program
The video from PBS, titled "Business Report: Tax Incentive Program," discusses a new tax incentive program aimed at boosting economic development. The program offers significant tax breaks to businesses that invest in certain underdeveloped areas, with the goal of attracting new companies and encouraging job creation. Local officials and business leaders express optimism about the potential impact of the incentives, citing examples of companies that have already committed to expanding in the designated zones. However, some critics argue that the program may favor larger corporations and could lead to a loss of tax revenue for the government. The report includes interviews with economic experts who provide insights into the potential benefits and drawbacks of the tax incentive strategy.

Read the Full PBS Article at:
[ https://www.pbs.org/video/business-report-tax-incentive-program-1641500008/ ]