Economists skeptical of tax breaks like Amazon is getting

Amazon HQ

"Incentives offered by the state/province and local communities to offset initial capital outlay and ongoing operational costs will be significant factors in the decision-making process", the initial request read. They also handed over infrastructure, labour and other data that could prove useful in other ways to Amazon. Online searches for homes in Long Island City - long an industrial area in the Queens borough of NY - soared 248 percent last week, real estate brokerage Redfin said.

But not everyone in NY and Virginia were happy about being chosen to become the spot for the new Amazon headquarter locations.

"I'm not against Amazon but I am against the way this is happening", Dixon said.

NY and Virginia beat out 18 others, including Los Angeles and Chicago, on a shortlist Amazon released in January.

The Journal and other news organizations reported that Amazon planned to divide HQ2 between two places, including the jobs and investment that come with it.

For its headquarters, the company didn't go with the richest offer. Advocates of the move have pointed out the benefits of such a deal, with tens of thousands of jobs and billions in investments.

Bill de Blasio, mayor of NY, described it as "the single biggest..."

Because Amazon is unlikely to utter even the most cursory "It's not you, it's me", Austin, Texas-based agency McGarrah Jessee created custom apologies on Amazon's behalf.

The rally was organized by New York State Sen.

The Nashville site is expected to be home to a one million square foot, energy efficient office space that will handle a chunk of the company's "customer fulfillment, customer service, transportation, and supply chain, amongst others", according to the same November 13th media release. Large government contractors have offices and lobbying operations there.

The online shopping giant ended its 14-month-long competition for second headquarters by selecting Long Island City, Queens, and Arlington, Virginia, as the joint winners.

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Amazon's new presence would push down Arlington County's office vacancy rate, which was elevated following the financial crisis and federal budget sequestration, the Arlington Chamber of Commerce said.

There was no reference in the memoranda to collaboration on preserving housing affordability, hiring locally, or working with local educational institutions.

Amazon outlined several criteria for its second headquarters, such as proximity to a major airport and the ability to attract technical talent.

A coalition of nonprofit groups warned that Amazon's arrival will likely worsen housing affordability for many lower-income workers in the two cities.

Gov. Andrew Cuomo defended the deal, arguing that NY has to offer incentives because of its comparatively high taxes.

The company said the new facility would create as many as 50,000 jobs and cost at least $5 billion to build and operate.

The company will receive up to $550 million Dollars (roughly $728.52 million CAD) as a workforce cash grant from the Commonwealth of Virginia, as well as an additional $23 million USD (roughly $30.47 million CAD) cash grant from the City of Arlington over 15 years based on incremental growth forecasts.

NY promised Amazon $1.525 billion in incentives, including $1.2 billion over the next 10 years as part of the state's Excelsior tax credit.

The agreement also pledges assistance in securing a helipad, with flights limited to 120 per year and limited to company executives.

"If that's all the money Virginia is giving, it's not obscene", he said. "So I don't have an idea about how they put together their transaction". Philadelphia pledged to create an entire team of public employees to liaison with the company, and according to Philadelphia magazine, offered tax subsidies that would have been funded by the construction of a new Tax-Increment Financing District. The company also agreed to make payments to the city instead of property taxes, to be used for local transit, schools and public open space.

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