Firm May Get $260 Million in Tax Credits to Move to Camden

A New Jersey energy firm could get $260 million in tax credits for argeeing to move some of its operations to Camden. The application from Holtec International, which is currently based elsewhere in South Jersey, was made public in an agenda for a Thursday meeting of the state’s Economic Development Authority.

Holtec International makes components for power plants. Its founder and CEO is Krishna P. Singh, who has a building named after him at Penn. He has a doctorate in engineering (Penngineering) from the school.

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Morning Headlines: PA and NJ Are in “20 Worst States to Make a Living”

shutterstock_unemployment
The website MoneyRates.com has published research results that rank the 50 states according to a proprietary metric they call Compensation and Quality Factor pertaining to employment. It’s based on four factors:

  • Average salary, according to figures from the Bureau of Labor Statistics (BLS).
  • Cost of living, based on data from C2ER.
  • Employment rate, based on BLS data.
  • Workplace conditions, based on the “Work Environment” component of the Gallup-Healthways Well-Being Index.

The best state for job-searching and employment quality is Washington, which has one of the highest average incomes in the country. There’s also no state income tax and workplace conditions are tops.

The worst is Hawaii, which has a very high cost of living but wages that don’t compensate.

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New Jersey Is Not Such an Armpit

Photo: IShootPhotos/Getty Images

Photo: IShootPhotos/Getty Images

Like many native Philadelphians, I grew up thinking of New Jersey as part of Philly.

There were trips to Great Adventure’s safari, where an ostrich almost pecked me to death. There were Boardwalk rides in Ocean City. There was shopping at the Cherry Hill Mall, back when we didn’t have malls of our own. There were hikes in the Pine Barrens, ghost stories of the Jersey Devil, and numerous visits to relatives in Elizabeth (a town I liked for its name).

I had no animus toward New Jersey as a kid and found it strange to learn — via TV, movies, stand-up comedy — that everyone else did; that it was a national sport. People would make faces with just a mention of it — as if they’d eaten a lemon by mistake. I moved away and heard it in New York, Florida, Ohio, Texas, even in Europe. I came back and learned from friends that Old City had been “taken over” by loud people looking to get laid — people from New Jersey (because we certainly don’t have people like that in Philly).

How had I grown up in proximity to such a terrible state and made it out alive?

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Chris Christie Somehow Involved in Second Bridge Scandal

AP Photo | Mel Evans

AP Photo | Mel Evans

Chris Christie is being investigated in a second bridge scandal, according to a report from the New York Times. The investigation — which the Times sourced to “people briefed on the matter” — centers on renovations to the Pulaski Skyway.

The Skyway, which opened in 1932, is notoriously unreliable. (“Unpredictable traffic congestion and its functionally obsolete design makes the Skyway one of the most unreliable roads in the United States,” Wikipedia helpfully notes.) The bridge closed to Northbound traffic as part of a massive overhaul in April. In 2010 and 2011, Christie wanted to use Port Authority money for repairs on the obsolete bridge. The problem? The Port Authority doesn’t own the bridge, the state does, and so it couldn’t.

But Christie persisted, and the authority justified the use of the money by calling the Skyway an access route to the Lincoln Tunnel. The Skyway actually connects to the Holland Tunnel, which is not eligible for Port Authority funds. The money for Skyway repairs was coming from the $3 billion in Port Authority money freed up when Christie killed the ARC trans-Hudson tunnel project in 2010.

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Real Estate Website Ranks New Jersey Third Most Stressed Out State

Shutterstock

Shutterstock

According to a new ranking released by Movoto, a real estate website, New Jersey is the third most stressed-out state in the county, beating out both California and New York. Pennsylvania scored pretty much smack in the middle, at 25 out of 48. So why so stressed, Jersey? Two reasons that shouldn’t shock you: population density and housing prices.

The analysis used data from the U.S. Census’ American Community Survey and scored each state based on six criteria that reflect some of the most common causes of stress, including unemployment, population density and commute time. These scores were then averaged together to determine where each state fell in the overall ranking. Jersey came in closely behind Florida and Georgia, at first and second, respectively. Read more »

Woman’s Bobcat Escapes for Third Time

A New Jersey woman was cited once again after her bobcat escaped for the third time, the Press of Atlantic City reports.

Yeah, you know that friend in grade school who told you about his uncle’s neighbor who owned a wolf? This woman actually owns a bobcat.

Ginny Fine, of Stafford Township, will appear in court next Friday. The bobcat, named Rocky, was missing for about an hour.

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