EDA Chair Kevin Quinn appears to be aligned with New Jersey’s Governor on the importance of providing incentives to small and medium-sized businesses to promote growth and innovation in the Garden State. Hopefully he can right the ship at the EDA and regain public and business confidence that it is carrying out its mission.
“Gov. Phil Murphy’s pick to head the board of the embattled Economic Development Authority signaled his support for a set of economic incentives which could ultimately replace the controversial, multi-billion dollar Grow New Jersey tax breaks that the agency is charged with overseeing…Kevin Quinn, a former Goldman Sachs executive (like Murphy) and now chair of the EDA’s board of directors, in a phone interview with NJBIZ suggested his partiality toward “what’s more consistent with what the governor has started about the focus on how we create an innovation economy, which almost by definition will focus on small to medium-sized businesses.””
Read: Murphy’s EDA chair signals favorability to new incentives at NJBIZ