Good Jobs First Subsidy News
By Michael Hiltzik
Well, that should show them.
Stung by intensifying opposition to a $3-billion incentive handout from New York city and state, Amazon on Thursday abruptly canceled its plans to build a new half-headquarters complex in the New York City borough of Queens.
Leave it to Amazon CEO Jeff Bezos. In his zeal to be disruptor-in-chief, he has pulled back the green curtain on America's corrupted economic development system. More publicly than ever, taxpayers have been shown how our nation's tax break-industrial complex works — and quite rightly, they want to end it.
Amazon's search for its HQ2 has created a bidding war between cities and states worth millions or even billions.
By Greg LeRoy and Maryann Feldman
Fostering local hi-tech success doesn’t have to mean offering huge subsidies to companies like Apple and Amazon. Here are some alternative strategies
Every mayor and governor wants to attract hi-tech jobs. And why not? Depending on the nature of the facility, such jobs can be well-paid and strengthen a region’s economy.
By Ese Olumhense, The Chicago Tribune
Amazon’s search for a location for its second headquarters has been unusually public, but the secrecy surrounding the incentives state and local governments are offering to lure the Seattle-based e-commerce giant could set a troubling precedent for taxpayers, a group that tracks corporate subsidies said in a Tuesday report.