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Re:Amazon Reconsidering Plan to Put Campus in New York City by count on Friday February 08, 2019 @10:22PM (#19120487)
You are guaranteed to not earn that 3 billion from that area (usually property tax based) if you offer that incentive to Amazon. You will get something from that area if you don't. Amazon isn't the only game in town - it's not like NYC is starving for new business...
Re:Amazon Reconsidering Plan to Put Campus in New York City by throwawaysea on Friday February 08, 2019 @11:29PM (#19120733)
The Excelsior program, which is most of Amazon's state subsidy in this HQ2 deal, has existed long before HQ2 was first mentioned. Its goal is to create more jobs, and so clearly there is pre-existing motivation to drum up new business via subsidies. It's also a tax credit on things like prior job creation, and so it does not carry the same risk as a capital investment that the city may not recoup: https://esd.ny.gov/excelsior-jobs-program