It's a win for corporate welfare and a loss for Brooklyn: Panasonic has decided to move its headquarters—and its 950 jobs—from Secaucus, NJ to Newark, NJ, deciding against a Brooklyn property owned by Forest City Ratner. According to Crain's New York, "In the end, Brooklyn could not compete with a $102.4 million subsidy package offered to the consumer electronics giant to move to Newark." But it's not so cut-and-dry, because Panasonic's landlord in Secaucus and the town of Secaucus are suing! [ more ? ]
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