The numbers behind
New Jersey Economic Development Authority's
award of tax credits
By: Al Koeppe
In following news about New Jersey's incentive programs over the last year, it struck me that readers might incorrectly conclude that the state has paid out $5 billion in actual tax credits under the legislatively-created incentive programs that the New Jersey Economic Development Authority is charged with administering. This is not the case and as chair of the EDA's board, I thought it might be useful to clarify that there is an important distinction between the EDA's approval of an application and the actual realization of an award of tax credits.