71–80 of 279 posts
Newly elected Democrats in the NY state legislature might block the NYC Amazon subsidies and put the funds into student debt relief instead: https://capitalandmain.com/will-new-york-fund-amazon-subsidi...
Unless I'm misreading this, it looks like Nashville got the best deal > Amazon will receive performance-based direct incentives of up to $102 million based on the company creating 5,000 jobs with an average wage of over $150,000 in Nashville. This is a pretty big deal for Nashville, and costing them only $12,000 per job is a pretty big win.
> Long Island City is a mixed-use community where arts and industry intersect It's mostly empty warehouses, housing projects, and luxury condos. There's very little in terms of culture or even basic needs, like grocery stores. > Long Island City has some of the best transit access in New York City, with 8 subway lines, 13 bus lines, commuter rail, a bike-sharing service, and ferries serving the area Realistically it'…
Newly elected Democrats in the NY state legislature might block the NYC Amazon subsidies and put the funds into student debt relief instead: https://capitalandmain.com/will-new-york-fund-amazon-subsidi...
I doubt this is a real risk. The Governor is strongly behind this proposal, and has a lot of goodies to trade with the Senate. More likely: Amazon's move prompts new spending on infrastructure and community development around LIC and in random upstate districts whose votes are needed.
Knew that they wouldn't pick Toronto - Trump would have blown a gasket
Amazon would be foolish to choose a location in Canada due to a their healthcare system and immigration situation. Healthcare isn't that big a deal to a company like Amazon and regardless of the current administration, Americans have never been more supportive of immigration.
Canadians were naive to think they were competitive for an Amazon, and they're wrong if they think Amazon would have chosen them if they weren't so concerned about blowback.
Sometimes, America being welcoming to big businesses has its advantages.
Wouldn't you call two new offices that are smaller than the headquarters "satellite offices"? It really does feel like Amazon successfully played a lot of municipalities against each other to try and extract the biggest concessions, knowing all along that it didn't make sense to try and hire 50000 people in a decade in any one location. I know that's how the game is played, but it's still feels a little disingenuous.
Newly elected Democrats in the NY state legislature might block the NYC Amazon subsidies and put the funds into student debt relief instead: https://capitalandmain.com/will-new-york-fund-amazon-subsidi...
The current situation we have is insane. It's like the height of the gilded age with no trust busting in sight, the largest corporations in the land buy out politicians and are openly taking public money.
Knew that they wouldn't pick Toronto - Trump would have blown a gasket
Toronto dodged a bullet.
By virtue of moving into Toronto, all Canadian cities starting from Pickering/Oshawa all the way down to Hamilton/Waterloo would have seen a boost overtime to real-estate and hence towards economic activity - remember cities like Hamilton and Barrie are struggling to attract highly-educated / high-income residents and this would have given them better odds.
All in all, loss of potential income for the Canadian economy.
Earlier quoted context omitted.
Good. Studen loasns are BS and it will help stop more traffic
not good. govt paying off student loans just makes them a sure bet and validates the behavior. Govt has the power to allow you to default, but why don't they?
It's also increasingly harder and harder to default on student debt, with states forcing extreme measures such as wage garnishing and taking away people's driving licenses: https://www.nytimes.com/2017/11/18/business/student-loans-li...
Fully expect to see debtor's prisons back in vogue this century.
This entire competition was an obvious sham to try to equivocate really desperate cities willing to give basically anything to have a major tech company headquarters, to the inevitable choice amazon was going to make of california or the coastal northeast, so they could extract maximum concessions. Its disgusting this worked as well as it did, $48k/job in tax concessions from NYC and $22k/job from VA, expect to see a…
What do you mean by "hurting local businesses"? Wouldn't more highly paid workers in the area be good for local businesses?
That said, perhaps the fear is "over-cutting" -- that HQ2 slurps up top talent from local tech businesses and overbids salaries. I can totally see that happening, especially with the only-handful of truly high-tech businesses in the Northern Virginia community. This is a bad thing short term and a good thing long term.