3 ms·

You need to be explained why $1.5B in public assistance to a trillion dollar ($700B+ today it seems) company is bad? I'll try. It distorts the competition, ES

You need to be explained why $1.5B in public assistance to a trillion dollar ($700B+ today it seems) company is bad? I'll try. It distorts the competition, ESPECIALLY in the case of Amazon which more or less competes with every retailer everywhere. It sets a bad precedent (yes, yes, water under the bridge) of big corporations expecting these benefits any time they feel like moving around. NYC has better uses for the money. It doesn't need the goddamn money, because it's one of the most successful companies in the entire world, ever. It can finance its operations by itself with absolutely no problem whatsoever. It's ridiculous they're even asking for public assistance. This is a race to the bottom. Sports stadium construction incentives are good examples of this.

throwaway5752 8y ago
"It sets a bad precedent (yes, yes, water under the bridge) of big corporations expecting these benefits any time they feel like moving around." Absolutely incorrect. It's been like this for decades, is essentially universal, and this is barely egregious in comparison to past incentive packages. NoVA and NYC weren't even the largest incentive packages offered for HQ2. https://info.siteselectiongroup.com/blog/top-10-economic-incentive-deals-2014 https://info.siteselectiongroup.com/blog/top-10-economic-inc... https://info.siteselectiongroup.com/blog/top-25-economic-incentive-deals-of-2015 https://info.siteselectiongroup.com/blog/top-25-economic-inc... https://info.siteselectiongroup.com/blog/top-25-economic-incentive-deals-of-2016 https://info.siteselectiongroup.com/blog/top-25-economic-inc... https://info.siteselectiongroup.com/blog/top-economic-incentive-deals-of-2017 https://info.siteselectiongroup.com/blog/top-economic-incent... https://info.siteselectiongroup.com/blog/largest-economic-incentive-deals-of-first-quarter-2018 https://info.siteselectiongroup.com/blog/largest-economic-in... https://info.siteselectiongroup.com/blog/largest-economic-incentive-deals-of-q2-2018 https://info.siteselectiongroup.com/blog/largest-economic-in...

throwaway5752 8y ago

"It sets a bad precedent (yes, yes, water under the bridge) of big corporations expecting these benefits any time they feel like moving around." Absolutely incorrect. It's been like this for decades, is essentially universal, and this is barely egregious in comparison to past incentive packages. NoVA and NYC weren't even the largest incentive packages offered for HQ2. https://info.siteselectiongroup.com/blog/top-10-economic-incentive-deals-2014 https://info.siteselectiongroup.com/blog/top-10-economic-inc... https://info.siteselectiongroup.com/blog/top-25-economic-incentive-deals-of-2015 https://info.siteselectiongroup.com/blog/top-25-economic-inc... https://info.siteselectiongroup.com/blog/top-25-economic-incentive-deals-of-2016 https://info.siteselectiongroup.com/blog/top-25-economic-inc... https://info.siteselectiongroup.com/blog/top-economic-incentive-deals-of-2017 https://info.siteselectiongroup.com/blog/top-economic-incent... https://info.siteselectiongroup.com/blog/largest-economic-incentive-deals-of-first-quarter-2018 https://info.siteselectiongroup.com/blog/largest-economic-in... https://info.siteselectiongroup.com/blog/largest-economic-incentive-deals-of-q2-2018 https://info.siteselectiongroup.com/blog/largest-economic-in...