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Sony Wins Tax Break to Move Manhattan Jobs to New Jersey

Sony Music Entertainment gained approval for a $1.6 million tax incentive to move 50 jobs to Rutherford, New Jersey, rather than Long Island City, New York.

The New Jersey Economic Development Authority unanimously approved the incentive March 13, according to Erin Gold, a spokeswoman. The annual credit would be $162,500 for 10 years.