New York Wants Its Money Back From Amazon – IOTW Report

New York Wants Its Money Back From Amazon

DC: Amazon may forfeit part or all of its $3 billion incentive package to build a new headquarters in New York City after local residents put up a spirited resistance to the company’s plans.

The fallout between Amazon and the people of New York City comes as similar instances of resistance to corporate interests have popped up around the country, Axios reported Wednesday.

A school board in Louisiana, a state known for its oil and gas industry, voted in January against giving the oil giant Exxon a nearly $3 million property tax break. In Virginia, Democratic state House Del. Lee Carter is raging against a $70 million incentive package to chip maker Micron, calling it “corrupt,” The New York Times reported in February.

Amazon is reportedly looking for other options to build its headquarters, though the company remains publicly committed to sticking with New York City. Amazon’s incentive package is conditional on bringing 25,000 jobs to the city.

“We are excited to work with New Yorkers over the coming months and years to bring a new Amazon headquarters to Long Island City and help support the community,” the company told Axios in a statement.

Other large cities that competed for Amazon’s attention during the initial bidding process have begun publicly lobbying the company to reconsider its choice of New York City. Public officials from places such as Miami, Toronto and Syracuse in Upstate New York have issued public statements trying to capitalize on the kerfuffle between local New York City lawmakers and the multi-billion dollar company.  more here

9 Comments on New York Wants Its Money Back From Amazon

  1. I heard a few days ago that Texas is still under consideration. We’ll take them if NY wants to wimp out and let AOC get her way.

  2. Brad, I don’t think they’ve even been very profitable. They have market share and cash flow, but I remember reading a few years ago that they were always operating in the red and that they’re value was based on their potential and nothing else.

  3. All those Amazon inside trader traitors now have to deal with the NY NJ real estate they bought up in advance. They will be lucky to break even or probably take a loss just to get their fingerprints off the whole mess as quick as possible.

  4. New Yawkistan… 🙄

    My dad was right – ASIDE from Donald Trump, the only New Yawka he ever had an use for, was “Archie Bunker.” 😳

  5. The greedy fucks – both NYC and Amazon – are fighting over wealth that doesn’t exist, yet.
    A “break” on taxes? Think about that for a second.

    “We’re gonna steal slightly less of YOUR shit if you come here!”
    “NO! We want to steal MORE of YOUR shit if you come here!”
    “I want to keep most of the wealth that I MAY earn! My benighted employees will be paying their extortive [“fair”] share of Income and Property Taxes.”

    And so it goes. The proverbial dog in the manger.

    izlamo delenda est …

  6. Moved out of NY 2 years ago. We were being taxed out the wazoo. Company moved south and we moved with it. Cuomo states companies are leaving due to the climate. Sure


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