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Panasonic Move to Newark: It's Because We Don't Want Employees To Drive

Saturday, May 28, 2011 - 01:14 PM

Panasonic will move its corporate heaquarters a block from Newark's Penn Station.

(Andrea Bernstein, Transportation Nation)  When Panasonic announced it would move to Newark recently, it cited Newark's extensive transit system as a reason for picking the relatively depressed New Jersey city over say, Silicon Valley.    But NJ also has a one-of-a-kind tax incentive package for companies that locate near transit, so it paid off to be green. Full story here.

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