NJ OKs $38M Tax Credit To Keep Cablevision Unit In State

Law360, New York (June 12, 2012, 9:07 PM EDT) -- The New Jersey Economic Development Authority approved a nearly $37.5 million tax credit Tuesday to coax a subsidiary of media and telecommunications giant Cablevision Systems Corp. to relocate within Newark, N.J., and prevent more than 570 jobs from leaving the state.

"Cablevision has a long-standing and important relationship with the state of New Jersey and the city of Newark, and a commitment to local hiring, local jobs and supporting the local economy,” the company said in a statement Tuesday. “We are pleased to be investing in...
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