NJ Working Families: “Holtec must immediately return its tax credit award to the people of New Jersey.”

Sue Altman, State Director, New Jersey Working Families:

“Yesterday’s bombshell report by WNYC and ProPublica, which uncovered that Holtec had made a serious misstatement on its tax credit application to the Economic Development Authority, is the final straw. Holtec must immediately return its tax credit award to the people of New Jersey.

The company has a long track record proving it is unworthy of receiving state subsidies.

Last year, CEO Kris Singh made hateful and racist comments to explain why his company wasn’t hiring Camden residents – even after being promised $260 million in state subsidies – saying that Camden residents ‘don’t show up to work. They can’t stand getting up in the morning and coming to work every single day.’

After that incident, Singh promised to provide the Camden County NAACP detailed employment data – but has yet to do so.

Holtec has proven time and time again that it’s not working in the best interests of the people of New Jersey and needs to return its subsidies now. And if it doesn’t, the EDA should immediately take steps to claw these funds back to benefit working families.”

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