N.J. Dangles $200 Million in Breaks to Financial Firms
- Jersey City and Hoboken are close-to-Manhattan alternatives
- Christie business incentives total $6.5 billion, report says
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New Jersey is offering almost $200 million in incentives over 10 years to insurance, technology and financial companies to operate across the Hudson River from Manhattan.
One applicant, Ernst & Young U.S. LLP, would score $40 million over 10 years with a Grow New Jersey Assistance Program grant to build in Hoboken, where ferries and rail service make Manhattan reachable in less than 10 minutes. New York-based Marsh & McLennan Cos. Inc. would qualify for $22 million to operate there as well.