Quote:
Originally Posted by skyscraperpage17
Well damn. And this is just the beginning...
Christie, Lawmakers Plan to Offer Amazon $5 Billion Tax Break
http://observer.com/2017/09/christie-lawmakers-plan-to-offer-amazon-5-billion-tax-break/
Gov. Chris Christie and legislative leaders will offer tax breaks worth $5 billion to Amazon if it builds its second headquarters in New Jersey, a plan that would expand a controversial subsidy program.
The Legislature’s top Democrats and Republicans announced Wednesday that they back Christie’s plan to loosen restrictions on the Grow NJ program, carving out new exceptions for “transformational projects” such as the Amazon headquarters. Under a proposed bill, Amazon could receive $10,000 for each job it created each year for a decade, a rate that could cost the state $5 billion over the life of the project if Amazon lives up to its promise to create up to 50,000 jobs wherever it goes, according to a letter to Christie from legislative leaders. New Jersey has awarded more than $8 billion in economic subsidies since Christie took office in 2010. |
Mark one state off the competition list - NJ. Clearly NJ didn't have conversations with Amazon prior to the RFP. If they had, NJ would have already passed the tax incentive bill. For Gov. Chris Christie to do a PR move like this is a clear sign of being a desperado.
Now hear how Mayor Kasim Reed responded to this development:
Quote:
|
"The way that we got to those wins was by being modest, keeping our mouths shut, and working in quiet," Reed said. "You won't hear me talking a lot about (the Amazon HQ2)."
|
Threaded Mode