Amazon selects New York City and Arlington, Virginia for its new headquarters, receiving $1.5B in performance-based incentives from NY and $573M from VA
I've been thinking about your regret minimization … Sissi Cao / Observer : Amazon's HQ2 in Long Island City Will Make These 5 Residential Nightmares Worse Patrick Sisson / Curbed : Amazon HQ2 subsidies are deeply unpopular, but far from uncommon Ameena Walker / Curbed NY : What does Amazon's HQ2 mean for Long Island City real estate? Isobel Asher Hamilton / Business Insider : Amazon's New York headquarters could mean millions in tax breaks from Trump's tax plan Alex Koma / ARLnow.com : Arlington Shouldn't Fear a ‘Tsunami’ of New Residents With Amazon's Arrival, Officials Say Edwin Lopez / Retail Dive : Amazon to build supply chain hub in Nashville Matt McFarland / CNN : Amazon HQ2 plans get mixed reaction in New York and Northern Virginia Leticia Miranda / BuzzFeed News : Amazon Said Its New HQ Will Be In “National Landing.” Locals Insist That's Not A Real Place. Anthony Noto / New York Business Journal : Here's what Amazon stands to gain in NYC incentives Tysons Reporter : Apple Eyes Fairfax County As Arlington Lands Amazon Reuters : Amazon HQ2: tech giant splits new home across New York City and Virginia vedp.org : Unprecedented state, local, and regional partnership lands project to result in at least 25,000 high-paying jobs Jason Del Rey / Recode : Jeff Bezos has confirmed the HQ2 decision and it's the embodiment of Amazon's emotionless practicality Mercatus Center : Amazon HQ2 Is the Only Competition Where the Losers Are Winners vt.edu : HISTORIC DAY: Virginia Tech Innovation Campus key to Virginia attracting Amazon HQ2 Alizachasan / WPIX 11 New York : Helipads and everything else Amazon is getting out of its deals with New York Wayne Rash / eWeek : Yes, Virginia, There Is an Amazon Coming to You Jacqueline Hansen / CBC News : Why Toronto won by losing its bid for Amazon's new headquarters Alana Semuels / The Atlantic : Amazon's HQ2 Will Only Worsen America's ‘Great Divergence’ Henry Grabar / Slate : Amazon's New York Headquarters Will Have a Helipad Because Of Course It Will Shira Ovide / Bloomberg : Amazon May Have Outsmarted Itself With HQ2 Tactics Maya Kosoff / Vanity Fair : Amazon's Cynical Coronation of New York and D.C. Gets Panned Casey Coombs / Silicon Valley Business Journal : The view from Seattle: New York and northern Virginia can expect to become Amazon's next test markets CNBC : Russian trolls reached hundreds of thousands of US Instagram users on eve of midterm elections Jeff Buchanan / Xconomy : Amazon Ends “HQ” Search, Pledges to Spend $5B on New Sites in NY, VA Alan Boyle / GeekWire : How Blue Origin space venture's HQ2, HQ3 and HQ4 blazed a trail for Amazon HQ plan Associated Press : Biggest lure for Amazon to Virginia may be campus, not cash Ben Fox Rubin / CNET : Amazon picks NYC and northern Virginia as HQ2 winners Andrew Beaujon / Washingtonian : National Landing Is a Neighborhood “With No Finite Boundaries.” That Sounds Amazing Tweets: Empire State Bldg / @empirestatebldg : We're celebrating @Amazon's announcement of HQ2 coming to #NewYorkCity by glowing in white with an hourly orange sparkle! http://twitter.com/... Benjamin Freed / @brfreed : Under agreement between Amazon and Virginia, the commonwealth will give the company written notice about any FOIA requests “to allow the Company to seek a protective order or other appropriate remedy” pic.twitter.com/BkVXdnoX2M Alexandria Ocasio-Cortez / @ocasio2018 : We've been getting calls and outreach from Queens residents all day about this. The community's response? Outrage. http://twitter.com/... Alexandria Ocasio-Cortez / @ocasio2018 : Amazon is a billion-dollar company. The idea that it will receive hundreds of millions of dollars in tax breaks at a time when our subway is crumbling and our communities need MORE investment, not less, is extremely concerning to residents here. Harvey Miller / @mobileharv : Amazon will invest $5 billion over almost two decades in HQ2, but apparently isn't considering sea level rise in their calculations? https://nyti.ms/... Stacy Mitchell / @stacyfmitchell : Amazon's decision to take #HQ2 to D.C. and NY is about enveloping government and media, the two primary checks on concentrated power in a democracy. It's decision to also go to Nashville is about deflection. 1/ Matt Stoller / @matthewstoller : New York is giving Amazon a tax subsidy of $48,000 per job plus a straight $325 million cash grant. Plus other incentives. http://twitter.com/... Jer Thorp / @blprnt : Imagine what 25,000 $60k small business grants could do for this city. https://twitter.com/... Shira Ovide / @shiraovide : Truly, credit to Amazon (or city/state officials) for making public the contracts for NYC, DC and Nashville offices. Anand Giridharadas / @anandwrites : Hey Siri what's neoliberalism? Neoliberalism is the world's most valuable company getting a tax break from a state that cannot afford to fix its subways or fight hunger, while the company's founder gives a sliver of money away and is described by the media as a “philanthropist.” http://twitter.com/... Lavondrius Meagle / @questlove : Hmmmm wonder who will have to be relocated to make this go down? http://twitter.com/... Caitlin MacKenna / @orchid_grey : Would love to see Virginia do the same. http://twitter.com/... David Sirota / @davidsirota : I'd like you to try to come up with a more clear illustration of a class war than public officials simultaneously allowing a subway system to collapse while they use taxpayer cash to help a trillion-dollar corporation's billionaire CEO get a new helipad... http://twitter.com/... David Sirota / @davidsirota : No really — go thru this thought experiment. Imagine being an elected official, telling voters you truly represent them, and then being in a room where a corporate lawyer writes the word “helipad” into a subsidy deal, and you nod in agreement that yeah thats totally cool. http://twitter.com/... Martin Austermuhle / @maustermuhle : And the Amazon press release says HQ2 will be coming to National Landing, which from what I know doesn't exist. They describe it thusly: An “urban community in Northern Virginia located less than 3 miles from downtown Washington, D.C.” Jerry Neumann / @ganeumann : Unpopular opinion: Amazon HQn will make zero difference to the innovation economy in NYC. Unless they're moving the people in charge of M&A here. Rat King / @mikeisaac : two different folks smarter than me, last night:"HQ2 split among two cities gets them twice as many senators." Matt Stoller / @matthewstoller : New York is throwing in another important subsidy to Amazon, which is two Senators, one of which is the minority leader. http://twitter.com/... Jamil Smith / @jamilsmith : New York City has rotting subways and substandard public education, among other problems. Now the state invites Amazon to take billions of tax breaks to build one-half of its new megapolis in the same community home to the nation's largest housing project. http://www.nytimes.com/... Shira Ovide / @shiraovide : And Amazon could have gotten higher incentives if it had gone elsewhere. https://twitter.com/... Nicholas Thompson / @nxthompson : Damn. Amazon extracted some serious concessions from NYC. A tax credit of $48K per job? http://blog.aboutamazon.com/ ... http://twitter.com/... Dan Primack / @danprimack : There is obviously a good case to be made that Amazon will take more from NYC than it will give, and that it doesn't need any breaks. BUT... those tax breaks are, in theory, based on new incoming revenue. NYC isn't cutting a direct check to Amazon, which can simply be redirected. http://twitter.com/... Jordan Weissmann / @jhweissmann : The fact that Cuomo thought it was necessary to give a tech company tax breaks to set up shop in New York is yet another sign that his concept of economic development is locked in 1992. http://twitter.com/... @manveerheir : Amazon wants accessible public transportation so they chose NYC and DC burbs? Literally two of the worst subway/metros in the country http://twitter.com/... David Sirota / @davidsirota : Politicians: Socialism is bad, and Jeff Bezos proves that because he is an icon of a true free market capitalist system that does not pick winners and losers. Also politicians: http://twitter.com/... Anne H. / @alhart25 : My train was 15 minutes late today and 35 minutes late yesterday, but ok sure let's spend money on this http://twitter.com/... Marcelo Calbucci / @calbucci : Do you hear that screeching sound? It's the house prices in Seattle. http://twitter.com/... Mark Warner / @markwarner : As a former Governor, now Senator, but also as a former technology executive, I'm really excited about the potential Amazon offers not only to Northern Virginia but the whole capital region and the entire Commonwealth. Christopher Mims / @mims : Hey New Yorkers, between this and 25,000 new Amazonians making on average $150,000 each, about your rent..."Google CFO Expects to Double New York Staff Over the Next 10 Years" http://www.wsj.com/... http://twitter.com/... Karen Travers / @karentravers : I guess if you are creating 25,000 new jobs, you can rename the neighborhood! “The new Washington, D.C. metro headquarters in Arlington will be located in National Landing.” (Everyone in the DC metro area is now asking..."what the heck is National Landing?") http://twitter.com/... Ingrid / @ingridlunden : Amazon has pulled off its biggest marketing-masked-as-news coup yet I think. https://twitter.com/... Market Urbanism / @marketurbanism : Amazon taking 4 million sq. ft. each in Crystal City and Long Island City, with the option to double it. Plus another 1 million sq. ft. in Nashville for a logistics center. CC & LIC tax breaks amount to roughly 15% of the 20-year tax increment, they say http://blog.aboutamazon.com/ ... David Dayen / @ddayen : Actually it'll be $2.5 billion. Amazon says it will apply separately for subsidies through the REAP program, which is likely to be worth another $1 billion http://therealdeal.com/... http://twitter.com/... Martin Austermuhle / @maustermuhle : The HQ2 question being asked across Washington-area newsrooms right now: WTF is National Landing? http://blog.aboutamazon.com/ ...