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Amazon is opening a new office in NY by 2021, just without the huge tax breaks that they were originally pushing for. The tax breaks were the main reason that
by jorts 7y ago
Amazon is opening a new office in NY by 2021, just without the huge tax breaks that they were originally pushing for. The tax breaks were the main reason that folks like AOC were pushing back against them opening a new headquarters in NY.
- corporateslave5 7y ago1500 people versus 25k. A huge loss for nyc. Also lost tax revenue for nyc and the state.
- poulsbohemian 7y agoIf Amazon believes it is in their best interest to be in NYC, then they will eventually grow to that 25K number regardless. There's a long track record across the country of companies demanding concessions in promise of jobs, only to have the jobs never materialize. In many cases, companies are going to do what they want, so there isn't any real incentive for governments to play along.
- cooljacob204 7y agoWe will be more then fine without Amazon.
- Apocryphon 7y agoThe market will bring in other firms and other jobs to NYC, without the government intervention that a deal with Amazon would entail.
- microtherion 7y agoNYC "lost" on shoveling $2.8B in subsidies to Amazon. As for tax revenue, Amazon pays about $200M total in annual US state taxes, and negative federal tax in 2018. There's no way this would have ended up a profitable deal for NY.
- MisterBastahrd 7y agoMy home state is chock full of sweetheart deals that benefit nobody but the corporations. It has a freaking ton of heavy industry, but the people in the state end up subsidizing out of towners with money that should be going towards their own kids' education and healthcare. And they're PROUD of it.