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NJ Congressman Defends Tax Breaks for Company Connected to Rich Brother

U.S. Rep. Donald Norcross has nothing but praise for Camden-based Holtec International, which was granted big tax breaks and is now under scrutiny

Donald Norcross
U.S. Rep. Donald Norcross
 

When New Jersey Rep. Donald W. Norcross appeared at a 2015 groundbreaking for a company building its new international headquarters on Camden’s waterfront, he called it the “perfect partner” to help the poverty-stricken city return to its midcentury prosperity.

That same month, the Democratic congressman went to the House floor to praise Holtec International and its chairman, Kris Singh, a campaign contributor who was seeking federal approvals and funding for nuclear cleanup initiatives around the country. The company had promised to bring hundreds of new manufacturing jobs to South Jersey, including highly paid engineers to advance its nuclear technologies.

Singh, the congressman said, had been looking for a place to manufacture advanced small modular nuclear reactors, known as SMRs, an innovation that could transform the global nuclear industry.

“Dr. Singh is going to start out with 400 new employees and go to 1,000 after a few years, creating these new SMRs,” Norcross said. “He literally could have gone anywhere in the world, where many of his products currently go. He is coming to Camden, New Jersey, here in America.”

Four years later, few besides Norcross have heaped such praise on Holtec.

Read the full story on WNYC News, a content partner of NJ Spotlight.

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