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2015 Regional Report: The Northeast

The Northeast lags the nation in post-recession recovery. Real GDP increased just 1 percent in 2013, the last full year for which data is available. As a whole, that year the nation grew 1.8 percent. Slow job gains have frustrated efforts to bolster economic growth despite such positive signs as falling unemployment and rising personal income.

New Jersey’s economic development programs generally earn glowing reviews. The state “has some of the strongest incentives you’ll see in this country,” says Joe Lacy, managing director of Biggins Lacy Shapiro & Company, based in New York, Princeton and Chicago.

Joe Lacy

Managing Director

Joe Lacy spearheads economic development strategies and financial analysis at BLS & Co. He joined the firm in 1998 and specializes in structuring and implementing corporate incentive packages and financing arrangements.

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