In this article, regarding Panasonic’s headquarters relocation from Secaucus to Newark, Ted Zangari was quoted in response to the mention of a suit brought by Hartz Mountain, the current landlord, which feels that the EDA acted outside the scope of its authority and its decision highlights significant deficiencies in the approval process. He stated: “The ultimate competition is between New Jersey and our neighboring states. … If a business is considering a relocation or expansion in New Jersey, there are good policy reasons for the state to attempt to drive that location decision through super-sized incentives to a transit-friendly site within one of our financially distressed cities.”
