Cutting taxes to create jobs

'New Jersey Policy Perspective (NJPP) noted, the Garden State offered food company Goya $80 million in tax incentives last month, for which the state will receive precisely nine jobs in return':

'Imagine you are a New Jersey job seeker (one of 418,000 unemployed in the state as of September, 2011, according to the state Department of Labor and Workforce Development) and you read in the news that a firm will be getting a state subsidy to hire 175 new workers. You would be thrilled to see those new job opportunities in the state, right'?

'But, in the case of Goya Foods, Inc., only nine truly new jobs are being created'.

'Nine'.

'Of the other 166 “new” workers, 66 would be moved from Goya’s location in Bethpage, New York and 100 already work for Goya as contractors based in Secaucus, according to documents from the state Economic Development Authority (EDA). So these “new” workers are actually existing employees'.

'In addition to $80 million from the state, Goya could receive a property tax break from Jersey City'.
From : http://thinkprogress.org/economy/2011/11/02/359776/new-jersey-goya-nine-jobs/

Gotta protect those 'job creators'.