NY Taxpayers to pay $48k per Amazon HQ Job

[GhostofDempsey]

New York state is kicking in more than $1.5 billion in taxpayer-funded incentives for getting half of Amazon’s second headquarters located in a section of Queens.

The Seattle-based company made its long-awaited announcement Tuesday, saying Long Island City and Alexandria, Virginia, will each get 25,000 jobs. The online retailer also said it will open an operations hub in Nashville, creating 5,000 jobs.

Amazon will also receive as-yet unspecified incentives from New York City.

New York state’s incentives are nearly triple those of Virginia’s, while Tennessee’s are $102 million.

According to Amazon, the cost per job for New York taxpayers is $48,000, compared to $22,000 for Virginia and $13,000 for Tennessee.

In a statement released by Amazon, Cuomo called the agreement “one of the largest, most competitive economic development investments in U.S. history.”

New York City Council Speaker Corey Johnson issued a statement saying: “Amazon is one of the richest companies in the world…I also don’t understand why a company as rich as Amazon would need nearly $2 billion in public money for its expansion plans at a time when New York desperately needs money for affordable housing, transportation, infrastructure and education.”

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[5burowz]

My 98-year-old grandmother in Woodside probably is not going to be happy about this. If they try and raise her rent...she's liable to kill someone.

This is what Amazon does....move in, and the taxpayers foot the bill.

[man down]

They did the same here.

[Zaroku]

Amazon bullying governments into paying their fare share.... gangster all the way...

[Mooshashi]

New York state is kicking in more than $1.5 billion in taxpayer-funded incentives for getting half of Amazon’s second headquarters located in a section of Queens.

The Seattle-based company made its long-awaited announcement Tuesday, saying Long Island City and Alexandria, Virginia, will each get 25,000 jobs. The online retailer also said it will open an operations hub in Nashville, creating 5,000 jobs.

Amazon will also receive as-yet unspecified incentives from New York City.

New York state’s incentives are nearly triple those of Virginia’s, while Tennessee’s are $102 million.

According to Amazon, the cost per job for New York taxpayers is $48,000, compared to $22,000 for Virginia and $13,000 for Tennessee.

In a statement released by Amazon, Cuomo called the agreement “one of the largest, most competitive economic development investments in U.S. history.”

New York City Council Speaker Corey Johnson issued a statement saying: “Amazon is one of the richest companies in the world…I also don’t understand why a company as rich as Amazon would need nearly $2 billion in public money for its expansion plans at a time when New York desperately needs money for affordable housing, transportation, infrastructure and education.”

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You are sounding like what's her name...the new socialist from NYC.

[GhostofDempsey]

You are sounding like what's her name...the new socialist from NYC.

I haven’t commented on the article, just sharing it. There is an irony here that is on display. Amazon, a notoriously liberal-run corporation is taking advantage of tax cuts and perks that Trump put in place. Seems corporate welfare is celebrated by some of the same people who cry against it. The left doesn’t know whether to shyt or wind their Apple Watch.

[Mooshashi]

I haven’t commented on the article, just sharing it. There is an irony here that is on display. Amazon, a notoriously liberal-run corporation is taking advantage of tax cuts and perks that Trump put in place. Seems corporate welfare is celebrated by some of the same people who cry against it. The left doesn’t know whether to shyt or wind their Apple Watch.

Well 50,000 people dumped on a city with a crumbling subway system....i don't know how that's going to work. Penn Station his crowded very badly as well.

[BLASTER1]

Well it will increase job opportunities so that's a plus.

[GhostofDempsey]

Well 50,000 people dumped on a city with a crumbling subway system....i don't know how that's going to work. Penn Station his crowded very badly as well.

It’s 25K jobs. Likely to be filled by current residents. So Gov and Mayor will boast of bringing 25K jobs to NYC, but at a cost of $1.5 billion to NY tax payers.

[man down]

It’s 25K jobs. Likely to be filled by current residents. So Gov and Mayor will boast of bringing 25K jobs to NYC, but at a cost of $1.5 billion to NY tax payers.

Lots of other jobs come from that tho.
Freight
Food
Fuel
On and on. Lots of jobs come from something like this. It's starts with Amazon and trickles down.