New Jersey offers $7 billion in incentives in attempt to lure Amazon to Newark

``New Jersey is offering Amazon $5 billion in tax incentives over the next 10 years and upon the creation of 50,000 jobs, Mr. Christie said. In addition, Newark is offering a property-tax abatement potentially worth $1 billion and another $1 billion that Amazon's new Newark workers would gain over 20 years from the city waiving its local wage tax, the governor said.''