Amazon Pulls Out of Planned New York City Campus

Re:Amazon Pulls Out of Planned New York City Campus by OldFatCactus on Thursday February 14, 2019 @12:04PM (#19163501)

do you have a link to that data?

[ Parent | on HN ]

Re:Amazon Pulls Out of Planned New York City Campus by jdhn on Thursday February 14, 2019 @12:09PM (#19163561)

Here you go[0]. Some highlights:

1. $2.988 billion in state/city subsidies (so ~$48,000 per job)

2. The state estimated that Amazon will generate $27.5 billion in state and city revenue over 25 years, a 9:1 ratio of revenue to subsidies.

Using the numbers above, we can calculate that the state would break even in roughly 3 years if they're correct.

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Re:Amazon Pulls Out of Planned New York City Campus by pzone on Thursday February 14, 2019 @02:47PM (#19165285)

The subsidies themselves would have been given to Amazon over the course of several years. NY would be in the black after no more than a year.

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