28 votes

Amazon Pulls Out of Planned New York City Campus

7 comments

  1. [3]
    saiyanprideparade
    Link
    They probably got pretty lucky. It seems like local / state govts give away the farm in these deals.

    They probably got pretty lucky. It seems like local / state govts give away the farm in these deals.

    11 votes
    1. pleure
      Link Parent
      The whole process was very clearly a sham to extract subsides from local governments, glad NYC didn't give in.

      The whole process was very clearly a sham to extract subsides from local governments, glad NYC didn't give in.

      9 votes
    2. semideclared
      Link Parent
      Since cities and states are continuing to not increase taxes the only way to increase the tax base is new residents Gonna use Indiana Because it does taxes at the state level and is fairly middle...

      Since cities and states are continuing to not increase taxes the only way to increase the tax base is new residents

      Gonna use Indiana Because it does taxes at the state level and is fairly middle of the road in rates. They also have an income tax but I cant find anywhere that it has ever increased.

      Indiana Sales Tax Rate History

      Effective Date

      April 1, 2008 thru present 7%
      Dec. 1, 2002 6%
      Jan. 1, 1983 5%
      May 1, 1973 4%
      Oct. 24, 1963 2%

      During its hey day of growth Walmart was getting $2-3 million in state and local tax incentives per store.

      It literally is why your city's Walmart is located where it is. The difference being what section of town was developed, or whether it was in the city or the county tax base.

      2 votes
  2. [2]
    Possum
    Link
    I'm mixed on this. On the one hand, I'm glad that NYC isn't bending over backwards to accommodate Amazon. On the other hand, I worry that that means that another, smaller city will be chosen that...

    I'm mixed on this. On the one hand, I'm glad that NYC isn't bending over backwards to accommodate Amazon. On the other hand, I worry that that means that another, smaller city will be chosen that will do so. With NYC, at least they could have easily handled the influx of money and people, some other places not so much. I've been living in Seattle for the past four years and it's interesting to see the effect that the money has had on the city as well as the large influx of tech workers.

    6 votes
    1. Monkinto
      Link Parent
      They said that they won't be looking for a new location though I guess there are just going to expand into there other site in the DC area. They also said that they would still be expanding in New...

      They said that they won't be looking for a new location though I guess there are just going to expand into there other site in the DC area. They also said that they would still be expanding in New York anyway just not to the same extent it seems like a win overall.

      3 votes
  3. DeAngeloVickers
    Link
    This image from the article almost looks like satire. "The economy of tomorrow ... today!"

    This image from the article almost looks like satire.

    "The economy of tomorrow ... today!"

    2 votes
  4. semideclared
    Link
    Since cities and states are continuing to not increase taxes the only way to increase the tax base is new residents Gonna use Indiana Because it does taxes at the state level and is fairly middle...

    Since cities and states are continuing to not increase taxes the only way to increase the tax base is new residents

    Gonna use Indiana Because it does taxes at the state level and is fairly middle of the road in rates. They also have an income tax but I cant find anywhere that it has ever increased.

    Indiana Sales Tax Rate History

    Effective Date

    April 1, 2008 thru present 7%
    Dec. 1, 2002 6%
    Jan. 1, 1983 5%
    May 1, 1973 4%
    Oct. 24, 1963 2%

    During its hey day of growth Walmart was getting $2-3 million in state and local tax incentives per store.

    It literally is why your city's Walmart is located where it is. The difference being what section of town was developed, or whether it was in the city or the county tax base.