OT*-Who do you think should get the Amazon headquarters?

[MoparPorsche]

Expand the Baltimore Facility.

[BobbyJones]

I thought I heard Newark somewhere today....

[zap]

Originally Posted by steveandbarb1

Expansion of Nashville being done. Our daughter lives there, sure wish we did house investment last year...

Nashville is doing well.

Quietly going about business and attracting firms from NYC.

[Tony T]

Originally Posted by fiamme red

Good riddance!

https://www.nytimes.com/2019/02/14/n...q2-queens.html

https://itep.org/amazon-in-its-prime...-income-taxes/

So…. How will NYC use the the $3.5 Billion it saved to create new jobs?

New York Returns 25,000 Jobs to Amazon

There were all sorts of problems with the deal New York cut to bring Amazon to the city, and Amazon is no paragon, but its abrupt withdrawal was a blow to New York, which stood to gain 25,000 jobs and an estimated $27 billion in tax revenue over the next two decades. This embarrassment to the city presents a painful lesson in how bumper-sticker slogans and the hubris of elected — and corporate — officials can create losers on all sides.

[FlashUNC]

Originally Posted by Tony T

So…. How will NYC use the the $3.5 Billion it saved to create new jobs?

New York Returns 25,000 Jobs to Amazon

There were all sorts of problems with the deal New York cut to bring Amazon to the city, and Amazon is no paragon, but its abrupt withdrawal was a blow to New York, which stood to gain 25,000 jobs and an estimated $27 billion in tax revenue over the next two decades. This embarrassment to the city presents a painful lesson in how bumper-sticker slogans and the hubris of elected — and corporate — officials can create losers on all sides.

Fix MTA. Improve the schools. Fund small businesses and entrepreneurs.

A company that earned $11 billion in profit and paid $0 in federal income tax, led by the richest man on the planet doesn't need a handout from anyone.

[Tony T]

Originally Posted by FlashUNC

Fix MTA. Improve the schools. Fund small businesses and entrepreneurs.

A company that earned $11 billion in profit and paid $0 in federal income tax, led by the richest man on the planet doesn't need a handout from anyone.

Amazon has HUGE carryover losses, that's why no FIT. Its only recent that Amazon has turned a profit.

CT and NJ are still interested, so maybe NYC residents can commute and pay non-resident taxes while they wait for NYC to create 25,000 jobs.

https://www.stamfordadvocate.com/bus...Q-13606817.php
https://www.bloomberg.com/news/artic...-newark-s-gain

[fignon's barber]

The bottom line is that the politicians tried to use Amazon as a political football, and Bezos said "eff it". Seems like you don't want to mess with Bezos these days, as NY and the Natty Enquirer have found out.

[MattTuck]

Why doesn't NYC just rely on its business friendly policies to attract other big employers? I am sure they are lining up, right?

[echappist]

Originally Posted by fignon's barber

The bottom line is that the politicians tried to use Amazon as a political football, and Bezos said "eff it". Seems like you don't want to mess with Bezos these days, as NY and the Natty Enquirer have found out.

that's one way to look at it

the alternative is that Amazon pitted cities against one another, trying to extract concessions, some of which are quite unpalatable and would not have garnered enough support. This is merely the result of unveiling of the terms of concession.

also, Amazon apparently accepted $500M in benefits to bring 25k jobs to NoVa. I'd imagine that people are rightfully pissed upon realizing that their own offer represents 5x or more what VA offered.

with all that said, does anyone know what the exact NYC terms were? were these tax deductions (reduction of a portion of corporate taxes owed), tax credits (waiver of annual corporate taxes, until subtotal reaches $3B), or grants (given whether or not there's taxable profit)?

[FlashUNC]

Originally Posted by MattTuck

Why doesn't NYC just rely on its business friendly policies to attract other big employers? I am sure they are lining up, right?

Google, Microsoft and other tech companies have opened offices in the City without needed the kind of largesse Amazon was demanding.

Tough to argue New York is not business friendly when, yanno, Wall Street still exists.

[vincenz]

Eh, I lived in NYC for 25 years. The last thing the city needs is Amazon to be honest. Other cities could use the economic injection much more. It was a good idea for amazon to get out of there.

[shinomaster]

Originally Posted by bikinchris

Leaving aside the point that getting the second Amazon HQ, who do think should get it?
Some of the criteria:
Well educated populous
Bike paths and infrastructure
International Airport
Housing
Access to major roads

Boston is trying very hard, except they aren't offering deep tax breaks. If they get it they will be ahead of places like New Jersey, who is trying to give away the farm. Boston has MIT, Harvard etc. Decent public transportation, an old racetrack for a campus, I 93 and I 95.

Atlanta, Washington DC and others can match most of that.

Who do you guys think should get it?

Are you saying that an Amazon HQ is actually going to be good for a city? http://fortune.com/2019/02/14/amazon...msh5ESHH39iuHc

[BdaGhisallo]

Originally Posted by Tony T

So…. How will NYC use the the $3.5 Billion it saved to create new jobs?

NYC hasn't saved anything. The $3.5 bio was, overwhelmingly, in the form of tax incentives. The city would forgo levying taxes on Amazon's future tax liability. No Amazon - no tax revenues - no incentives.

NYC doesn't suddenly have $3.5 bio sitting in a cookie jar it can now do something else with.

[sg8357]

Who knew NYC was anti-socialist ???

Still think the Isle of Man is the future Amazon HQ-Virtual.
As Leona Helmsley said, "taxes are for the little people"

[Mr. Pink]

NYC , of all places, doesn't have a jobs problem or an overall business problem, but, it certainly has a very bad affordable housing problem, which Amazon was only going to make much worse.