The Fortune 500 company Honeywell was planning to move its corporate headquarters out of New Jersey, but Chief Executive Officer Dave Cote says it will stay in Morris Township because of incentives offered by Governor Chris Christie.
“Being able to be proactive and let business know they truly are welcome and that there’s a recognition that productivity, standard of living, jobs come from companies and not government. That makes a big difference,” Cote says.
Neither Cote nor the Governor would say which other state was competing to get the company. They would also not comment on the amount of the incentive package.
Christie says he’ll ask the legislature to expand a tax credit program to help encourage other businesses to remain in New Jersey.