The move might enable the global credit rating, research and risk analysis firm to take advantage of New Jersey's Business Incentive Program (BEIP), which is designed to rewards companies with payroll tax rebates based on the number of jobs they create by expanding in or relocating to the Garden State. Just yesterday, New Jersey Gov. James McGreevey unveiled an enhanced BEIP program that focuses on particular industry clusters, including financial services. (See additional story).
In recent public appearances, New York City Deputy Mayor Daniel Doctoroff has emphasized the city's attempts to keep businesses within the five boroughs and away from New Jersey.
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