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FBI, Philly prosecutors investigating N.J. corporate tax breaks, sources say

The controversy over the incentives has dominated headlines since the spring, after Gov. Phil Murphy created a task force to investigate the program, and the state’s top prosecutor opened his own review. The inquiry by agents and prosecutors in Philadelphia would appear to open a new front.

Among the areas of interest from FBI agents and prosecutors in Philadelphia has been the development boom in Camden, which has been fueled by $1.6 billion in tax breaks that the state’s Economic Development Authority awarded to companies there since 2013.
Among the areas of interest from FBI agents and prosecutors in Philadelphia has been the development boom in Camden, which has been fueled by $1.6 billion in tax breaks that the state’s Economic Development Authority awarded to companies there since 2013.Read moreMANDEL NGAN/AFP / MCT