New Jersey News
Panasonic to move N. American HQ to Newark
NEWARK (WABC) -- Electronics giant Panasonic is moving its North American headquarters from Secaucus to Newark.
Newark Mayor Cory Booker tells The Star-Ledger of Newark that the deal is "historic."
Panasonic is currently headquartered in nearby Secaucus. It will reportedly receive $102 million transit hub tax credit from the New Jersey Economic Development Authority for the move.
The company's current landlord is challenging the grant.
Secaucus Mayor Michael Gonnelli also opposes the move, saying one New Jersey community shouldn't be taking business from another.
New Jersey Lt. Gov. Kim Guadagno and Panasonic executives will join mayor Booker at a Wednesday press conference to formally announce the deal.
The company was reportedly considering Brooklyn, Atlanta, Chicago or California for a new North American headquarters.
new jersey, newark, secaucus, new jersey news
- Malaysia Airlines plane vanishes with 239 aboard
- AccuWeather: Milder, maybe a shower
- Live: Eyewitness News on 7online streamed live!
- Get WATCH ABC for your mobile device
- Kindergartener leaves school unnoticed in Morrisania
- Missing man found buried in nephew's backyard
- Measles cases confirmed in Manhattan, Bronx
- Florida family falls ill after eating meat with LSD
- Exclusive: Mistaken identity arrest
- Lehigh Valley Dairy recalls orange juice over milk concerns
- Virus hijacks your computer till you pay
- Battling a third party energy company
- Carmen Berra, wife of Yogi Berra dies at 85
- Photos: $3.25M summer home in Ocean City, NJ