Attorney Jim Walden Questions Holtec International’s NJEDA Tax Incentives Application

Holtec International neglected to include critical information in its Grow NJ application, according to Jim Walden, counsel for the Governor’s Task Force on Economic Development Authority (NJEDA) tax incentives.

Holtec International neglected to include critical information in its Grow NJ application, according to Jim Walden, counsel for the Governor’s Task Force on Economic Development Authority (NJEDA) tax incentives.

In his opening statement today, Walden noted that Holtec’s debarment likely would have eliminated the South Jersey-based company from contention for a $60 million award from the incentive program.

“The EDA should have conducted greater diligence,” Walden said.

Here is the report Walden referred to for his information:

2010 Holtec Final Report 12E-102_Redacted.pdf-1

 

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