A Huge Tax Break Went to a Politically Connected Holtec International (Nuclear) in New Jersey Despite Red Flags

Posted by  in Uncategorized — July 3, 2019

MORE HOLTEC BS.. I touched on this issue a few weeks ago. https://jonhendricksjr.me/2019/11/03/attorney-general-healey-files-motion-to-suspend-pilgrim-nuclear-power-station-license-transfer-to-holtec/ We all know HOLTEC is a rogue IAEA representative and is being protected by IAEA, NRC and other international nuclear regulators.. there is enough white space on blogs, articles, OpEds, exposes and generally HOLTEC news that any journalists would like to pursue on any particular day of any week.. sheesh!!!

MORE HOLTEC BS.. I touched on this issue a few weeks ago. https://jonhendricksjr.me/2019/11/03/attorney-general-healey-files-motion-to-suspend-pilgrim-nuclear-power-station-license-transfer-to-holtec/ We all know HOLTEC is a rogue IAEA representative and is being protected by IAEA, NRC and other international nuclear regulators..

From ProPublica: https://www.propublica.org:
A Huge Tax Break Went to a Politically Connected Company in New Jersey Despite Red Flags:  Holtec International told New Jersey regulators that Ohio was competing for its new headquarters. But officials there stripped the firm of past tax awards for failing to create the jobs it promised. by Jeff Pillets and Nancy Solomon, WNYC, and Alex Mierjeski, ProPublica June 26, 5 a.m. EDT ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox.

In January 2014, as Holtec International explored sites for a new national headquarters and high-tech manufacturing center, the New Jersey company told state officials that the Garden State had stiff competition.

A number of other states, including Ohio and South Carolina, had offered “robust proposals” to persuade the nuclear technology firm to relocate, said Holtec CEO Kris Singh in his sworn application to the New Jersey Economic Development Authority.

Generous tax breaks from New Jersey’s new economic development program, he argued, could place Camden “on a level playing field” with Holtec’s other suitors. In return, the firm pledged the retention of 160 jobs and the creation of an additional 235 positions. Six months later, the EDA awarded the company $260 million in taxpayer assistance — the second-largest tax break in state history.

What Holtec didn’t reveal, though, was that just weeks before filing its application in New Jersey, Ohio had stripped the company of tax credits there for failing to create the jobs it had promised as part of a similar program. According to records obtained by WNYC and ProPublica, none of the 200 positions it had pledged in 2009 to bring to Orrville, a small town about 20 miles outside Akron, ever materialized.

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4 comments

  1. Remember that the Holtec owner is from Bihar India near Patma (center of historic opium trade warehouse). That’s a real mystery. I just found another guy from India in the same period who came to work at the Nevada test site in 1968, the same year that Indira Gandhi refused to sign the non-proliferation treaty. His name came up because he alone is responsible for 90 plus family joining migrants, but no one says WHY he was hired at the Nevada test site or what he did there. And, again, the original EnviroCare waste dump was an Iranian migrant who pops out of nowhere. I am lacking one connection to connect Holtec’s Kris Singh to the corrupt South African Guptas, but the timeline of Holtec arrival in South Africa, the fact that the Guptas were in uranium mining, and that both are connected to companies called Tequesta (American Indian name) is probably as good as it will get, unless info comes out with the FBI. Norcross is actually a Boston Brahmin name. Some Boston Brahmins were involved in the opium trade but I haven’t been able to connect Norcross family to opium trade.

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