4 ms·
The $3B in incentives from the state and local governments is nothing. 25K jobs X $150K per year and all of the spending that goes with it, housing, restaurants
by rubyfan 8y ago
The $3B in incentives from the state and local governments is nothing. 25K jobs X $150K per year and all of the spending that goes with it, housing, restaurants, transportation, fitness, entertainment probably adds up to something like a $100B loss over the next decade.
- samfisher83 8y agoNYC has about a 1.5 trillion dollar economy. So 25k*150k - 3.75 billion or .25%. Its not like they need amazon there. There are 1000s of other companies out there. Its like giving subsidies to sports stadiums. You are revitalizing the area around the sports stadium, but what you are doing is taking money that might have been spent in some other area of the city.