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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsGoogle is building a new campus in NYC... and *SHOCKING*
They did not ask for one public cent to do it. That is the big difference between Google and Amazon.
Amazon was offered 3B in incentives to build in NYC.
Google didn't ask for a damn dime in building their West Village (Hudson & Washington St) campus. They are pouring in $1 billion of their own money.
I'd rather apply for Google than to Amazon, TBH, even if I do not live in NYC.
Power 2 the People
(2,437 posts)Especially when you make $11 billion in profits and pay ZERO federal taxes.
Calista241
(5,586 posts)some concessions. NYC has an incentive programs designed to attract business to the city. And these kinds of programs make sense.
If everyone at Amazon makes $50k / year, and NYC gets $1k in income taxes from all of those employees, that's $40m in new income tax revenue. That doesn't include any other payments they make such as tolls, sales tax, property / rental tax, subway taxes, and everything else one needs to do to live in NYC.
And that's just taxes. Most of that $50k in salary that's left after taxes is going to be spent at other New York businesses for food, services, rent, and whatever else people spend money on. Bringing companies and employees to your city has MASSIVE benefits not only for themselves, but for everyone else that it just boggles the mind.
AOC could very well lose her primary in 2020 because of this nonsense. The Green New Deal is nice, and her fighting Trump is all well and good, but she's messing with her voters ability to make money and improve their lives.
WeekiWater
(3,259 posts)The claim in San Juan was that they didn't ask for a cent. But it's difficult to actually know how the deal was structured.
https://www.bloomberg.com/news/articles/2018-11-13/google-s-san-jose-campus-triggers-lawsuit-over-deal-s-secrecy
And in opposition to the CEO's claims, Google often negotiates tax deals.
https://www.datacenterdynamics.com/news/governor-approves-tax-breaks-google-data-center-henderson/
displacedtexan
(15,696 posts)Amazon was building a gigantic logistical warehouse facility from scratch and hiring locally. I, too, am sick of corporations bypassing infrastructure costs and taxes, but the two plans (Google & Amazon) aren't a good example of the issue, imho.