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Task force: $578M could be clawed back from companies that didn’t need tax breaks

“The [Economic Development Authority] should have performed more diligence before approving multi-million incentives,” said Jim Walden, special counsel for the group convened by the governor to scrutinize the state's corporate incentives. “The lack of any fiscal cap led to pigs feeding at the trough. Often these were large companies, who did not need the incentives to stay in New Jersey, and offered illusory benefits.”

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