The view of the New York City skyline from New Jersey, where many businesses are being lured by tax incentives. - Steve Santore/Flickr
Marketplace with Kai Ryssdal, American Public Media
Interview on radio regarding an in-depth look at economic incentives
Since 1962, Forbes Magazine has been headquartered on 5th Avenue in New York City, behind a limestone facade with Ionic columns. But by the end of the year, it's moving a twenty-minute train ride away to a glass tower in Jersey City.
For decades, companies in New York City have moved offices across the Hudson River, to the city that has been dubbed New York's "sixth borough."
"You can look not too far away and see Manhattan, you’re on the water, and the rent’s a lot lower," says Gordon MacInnes, president of local policy watchdog New Jersey Policy Perspective. (Read More...)