Subsidy Tracker Individual Entry
telecommunications operations center
The value of the subsidy and its breakdown come from: Telecom Giant Dials "M" for Money and New Jersey Picks Up the Charges (New Jersey Policy Perspective, May 2005); online at http://www.njpp.org/reports/telcom-giant-dials-m-for-money-and-new-jerse.... See also: "Dial 'J' for Jersey," NJBIZ, April 4, 2005.
The package, awarded in connection with a plan by the company to move into the former AT&T headquarters, included a $63.9 million grant from the Business Employment Incentive Program (BEIP), $2.7 million from the Business Retention and Relocation Assistance Grant (BRRAG) program, and sales tax exemptions on building materials and equipment estimated to be worth up to $15 million. The jobs projection included 1,000 positions that the company would relocate from elsewhere in New Jersey. The BEIP award is also listed in the main Subsidy Tracker data with an amount of $87.8 million along with a BRRAG entry for $1.16 million.