4 ms·
Not to mention the tax breaks that the city was giving Amazon are still available for pretty much any company.
by boron1006 8y ago
Not to mention the tax breaks that the city was giving Amazon are still available for pretty much any company.
- bogomipz 8y agoThis line that "any company" could get these incentives from the city is being parroted and its simply not true. Of the 4 sources of incentives only two were city programs: City: Relocation and Employment Assistance Program (REAP) and the Industrial Commercial Abatement Program (ICAP) programs. REAP credits for instance are not available to retail or hotels. Retail is particularly sensitive subject in NYC as it has been visibly blighted. Also it only applies to business relocating to either above 96th street or the outer boroughs. State: The $505 million capital grant and $1.2 billion in “Excelsior” credits are most certainly not available to "pretty much any company." The eligibility guidelines are actually very specific[1] [1] https://esd.ny.gov/excelsior-jobs-program https://esd.ny.gov/excelsior-jobs-program
- boron1006 8y agoYou've misunderstood what I meant. People talk as though Amazon is getting a sweetheart deal from NYS and NYC. However, what they're getting is (mostly) a predetermined set of tax breaks for relocating to LIC. And I know about the state programs, that's why I specified about the city grants.