Sections SEARCH Skip to content Skip to site index Economy Subscribe Log In Log In Today’s Paper Economy | A $2 Billion Question: Did New York and Virginia Overpay for Amazon? Supported by ByBen Casselman Nov. 13, 2018 Amazon built a retail empire on low prices and free shipping. But for taxpayers, its new headquarters didn’t come cheap. New York and Virginia collectively offered more than $2 billion in tax credits, rebates and other incentives to attract the company. That figure doesn’t include what could amount to hundreds of millions of dollars in infrastructure spending, worker training and other government assistance. Economists have long criticized tax incentives as inefficient and unnecessary, arguing that they pit cities or states against each other and leave less money for education and public works that ultimately do more to lift local economies and improve livelihoods. Research has … [Read more...] about A $2 Billion Question: Did New York and Virginia Overpay for Amazon?
New jersey s corporation election
Unless you live in a bomb shelter and have canceled your cable TV and internet services, you’ve heard that the newspaper business has run aground. Advertising revenue is down 67 percent since 2005, and as panicked publishers shutter newspapers, reduce the number of days they publish, lay off journalists and cut local coverage to balance their books, the likelihood that great swaths of the country will become “news deserts,” devoid of accountability reports on government and corporations, has grown. The state of New Jersey thinks it’s found the secret to making the desert bloom: A $5 million subsidy for a university-led consortium that will dispense grants for local news coverage. “Never before has a state taken the lead to address the growing crisis in local news,” said Mike Rispoli of the Free Press Action Fund, the advocacy group that advanced the consortium idea. “Trustworthy local journalism is the lifeblood of democracy; it allows people … [Read more...] about The State of New Jersey Wants to Subsidize News. Uh-oh.
[STK] NYSE:MTB[IN] FIN[SU] PER-- WITH PHOTO -- TO BUSINESS EDITORS:M&T Bank Corporation Elects Kevin J. Pearson to Board of DirectorsBUFFALO, N.Y., May 21, 2018 /PRNewswire/ -- M&T Bank Corporation("M&T") (NYSE: MTB) announced today the election of Kevin J. Pearsonto its Board of Directors effective May 15, 2018. He was also electedto the Board of Directors of M&T Bank Corporation's principal bankingsubsidiary, M&T Bank.Mr. Pearson is Vice Chairman of M&T Bank with overall responsibilityfor the Commercial Banking Division, the Technology and BankingOperations Division, Credit Division and Wilmington Trust, which isM&T's wealth management and institutional client services arm.Mr. Pearson began his career with M&T Bank in 1989 as part of thePrivate Banking Division in New York City and has held a number ofmanagement positions, including head of commercial lending in M&TBank's Tarrytown region, Philadelphia Regional President and New YorkCity … [Read more...] about M&T Bank Corporation Elects Kevin J. Pearson to Board of Directors
A Super PAC which works hand-in-glove with House Speaker Paul Ryan is backing 11 of the 19 GOP legislators who have signed the discharge petition for a divisive, risky and unpopular amnesty bill before the midterms. The business-funded group, the Congressional Leadership Fund, announced May 18 it is deploying campaign teams to help New York Republican John Faso, Michigan Republican Fred Upton, and an unelected GOP candidate in Minnesota. Both Faso and Upton have signed the petition. The CLF is also backing the three principal advocates for the petition — California Rep. Jeff Denham, California Rep. David Valadao, and Florida Rep. Chris Curbelo. The remaining six petition-signing beneficiaries are California’s Steve Knight, Colorado’s Mike Coffman, New Jersey’s Leonard Lance, New York’s John Katko, Texas Rep. Will Hurd, Pennsylvania’s Ryan Costello. That adds up to 11 of 19 incumbent petition-signers, and 11 of the 34 candidates now in line … [Read more...] about Ryan’s Super PAC Funds 11 of 19 Amnesty-Discharge Signers
Folsom, N.J., April 18, 2018 - South Jersey Industries, Inc. (NYSE: SJI) (the "Company") today announced the pricing of a registered public offering of 11,016,949 shares of its common stock at $29.50 per share (the "Common Stock"), for total gross proceeds of approximately $325 million. Of the 11,016,949 shares in the offering, 4,237,288 will be sold directly by the Company to the underwriters at closing, and 6,779,661 will be subject to the forward sale agreement described below. In addition, the Company announced the pricing of its registered public offering of 5.0 million equity units (the "Equity Units") (aggregate stated amount of $250 million Equity Units), for total gross proceeds of approximately $250 million. The offerings (which are not conditioned on one another) are expected to close on or about April 23, 2018, subject to customary closing conditions.The Company has granted the underwriters a 30-day option to purchase up to an additional 1,652,542 shares of its Common … [Read more...] about SOUTH JERSEY INDUSTRIES, INC. PRICES COMMON STOCK AND EQUITY UNITS OFFERINGS