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Resource ID: #18360
Subject: Politics
Source: New Jersey Monthly
Affiliation: 
Date: March

Description

New Jersey Monthly sheds light on the never ending competition between New Jersey and New York in attracting each other's businesses and commercial control over Hudson River. "It seems that whenever a major company threatens to pack its bags, politicians in either state will trip over themselves to find the resources to persuade it to stay," the magazine reports. The story exemplifies the battle for attracting and holding corporate players with a $1.1 billion bond issue, approved by New York governor George Pataki, designed to keep the News York Stock Exchange in lower Manhattan. The article finds that "this economic tug-of-war diminishes both states."

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