Companies that got huge tax breaks in NJ's poorest city barely employ its residents

Make your contribution now and help Gothamist thrive in 2023.Many of the companies that received multimillion-dollar tax breaks in Camden, New Jersey, only employ a handful of local residents, according to new data released by the city on Tuesday.

Billed in 2014 as a critical investment that would propel New Jersey’s poorest city into a new era, the tax break program did not require businesses that relocated to Camden to hire local residents. But a grassroots signature petition forced Camden city officials to begin releasing local hiring disclosures online“This isn’t just a test case for New Jersey and for Camden.

In response to questions over its hiring practices, the company said in a statement that it donated $5.2 million to organizations in the city, where roughly a third of all residents live in poverty. “Understanding the critical importance of further developing the workforce in Camden, we have partnered with local leaders to create and support infrastructure programs to train, prepare and connect Camden residents with stable, rewarding jobs,” said Molly Mita McEndy, the senior director of corporate communications for the 76ers.

11 out of 275= $82 million tax break. Wish regular citizen could do that same math on their taxes.

mikiebarb Sounds like Camden didn’t know how to structure a deal properly.

Subaru complicit all the way to the bank 🏦 💰 🏦

George Norcross crime syndicate and his wholly owned democratic Representatives ripped off the taxpayers yet again.

jerseyjazzman Seems Legit.

“Gov. Phil Murphy appointed a task force in 2019 to investigate the tax break program. The task force sent its findings to the attorney general's office, recommending a criminal investigation into whether some companies fraudulently threatened to leave the state”

Giving companies money to do business is a scam that needs to be stopped.

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