NJ - Hamilton about to lose new Genesis Biotech project

From today's Trentonian, it looks like the writing is on the wall for Hamilton to lose a 1000 jobs business due to typical New Jersey anti-business dithering:

Word broke this week that the developer of the research facility has become discouraged by a year of being mired in local red tape as well as intensified inflationary pressures.

State economic development officials on the state level in Pennsylvania, meanwhile, have lately made an offer to woo the project to their side of the river.

In response, Mayor John Bencivengo hastily fired off a letter to Corzine requesting financial or any other help in keeping Hamilton competitive.

It seems that New Jersey can't seem to get its act together even when it means new jobs. What is sad is that while the Governor is always ready to propose a new tax on those already living here, he doesn't seem to have time for new business UNLESS is has to do with his doomed stem cell initiatives. But alas, he is weighing in:

“We heard back from the governor’s office that they are sensitive to the situation, and they’re going to do everything in their power to ensure that Genesis stays here,” Angarone told The Trentonian yesterday.

This is strange as well. Why would one have to "hear back" from a Governor who allegedly should be right in the middle of this process. You can be sure that Ed Rendell has his hands in incentives PA intends to give this company to go to Pennsylvania.

But then the developer dropped the bomb that the Commonwealth of Pennsylvania had offered the temptation of some juicy “incentives” — which, in an inflation-saturated age, could pose a real threat to Hamilton keeping the project.

Sad. Read the entire article here.

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