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Chris Christie called, “the ugliest damn building in New Jersey and maybe America.” For the last couple years, Triple Five Developers (owner of the Mall of America in MN), have been parlaying with NJ state officials over the financing package. The project developers got worried and cut costs, producing what Gov.
Cerberus, an equity player who had acquired a majority stake in Chrysler from German auto giant Daimler-Benz in 2007, went into bankruptcy in 2009. That vibration you’re feeling under your feet is coming from the long-dormant, hemi-powered engine of one of America’s great cities, sparking back to life.
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Companies must be less than five years old; have an annual payroll between $100,000 and $1 million; show proof of an equity investment of at least $250,000; pay at least 150% of the lesser of the state or county average hourly wage where the business is located; and meet requisite payroll thresholds. See onegeorgia.org/programs/esb.
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