Yet despite all this state assistance, NJPP found that Verizon actually logged a net decrease in New Jersey jobs during the same period – over 4,000 Verizon positions left the state or were eliminated from 2001 to 2005, including 240 call-center layoffs in Morristown that were announced in the same month that Verizon accepted $90 million to create jobs in Basking Ridge.
In the current economic environment, there is no shortage of cutbacks. We keep hearing that the state cannot afford to invest in essentials like public schools, transportation infrastructure and better opportunities for striving families – those aspiring to the middle class and those hanging onto it by a thread. Instead of giving free money away to profitable corporations that are sending jobs out of state, we ought to be investing it in a real Jersey Comeback.
Gordon MacInnes became President of NJPP in April 2012, bringing with him a long track record of success in New Jersey’s worlds of policy, nonprofits and politics. He has served in both the Assembly and the Senate; led New Jersey Network, the Fund for New Jersey and Citizens for Better Schools; and served as assistant education commissioner from 2002 to 2007. Most recently, MacInnes was a fellow at the Century Foundation. MacInnes, a graduate of Occidental College and of the Woodrow Wilson School of Princeton University, is also a member of the Board of Governors for Rutgers University and a trustee of Occidental College.