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It's worth noting that Virginia was unusual in that it didn't really offer any specific concessions to Amazon. Most jurisdictions have some sort of standard inc
by jcranmer 4y ago
It's worth noting that Virginia was unusual in that it didn't really offer any specific concessions to Amazon. Most jurisdictions have some sort of standard incentive program for business investment (https://www.vedp.org/incentives https://www.vedp.org/incentives is I believe the relevant stuff here), and compared to other cities, the Arlington bid was extremely stingy (note that it's not one of the examples in your article).
My belief is that the VA site was preselected before the HQ2 process begin, and the process was primarily an attempt to extract as much concessions as possible by creating a very public competition.
- PaulDavisThe1st 4y agoYou're saying that the process failed, then?
- jcranmer 4y agoYes, that is my belief.
- TheCoelacanth 4y agoThey did get some small non-standard incentives from Arlington County in the form of giving Amazon 15% of hotel taxes that the county collected above the baseline amount that was projected without HQ2. That was projected to be $23 million (the standard state incentives were projected to be $750 million), but they will most likely never receive a dime because hotel stays have dropped significantly below the baseline set when the deal was made.