Amazon to come to the ‘Big Apple’ BIG TIME…..
Long Island City, Queens will be one site for Amazon’s new corporate headquarters, the Daily News confirmed on Monday night.
An announcement is expected on Tuesday, the News’s source said.
Long Island City will share the new Amazon headquarters with northern Virginia, The Wall Street Journal reported on Monday.
Amazon began looking in September 2017 for a site for a second headquarters headquarters. At the time, the company said a single new location would employ about 50,000 people….
image….Luiz C. Ribeiro for New York Daily News
Update…
NY State Governor Cuomo nets another bricks and mortar achievement….
In New York, Amazon said the company will receive “performance-based direct incentives of $1.525 billion” if it creates 25,000 jobs in Long Island City.
The incentives include a refundable tax credit through New York State’s Excelsior Program of up to $1.2 billion, calculated as a percentage of salaries Amazon expects to pay employees over the next 10 years. It works out to $48,000 per job for 25,000 jobs, Amazon said, with an average wage of more than $150,000. The incentives also include a cash grant from Empire State Development, the state’s economic development arm, of $325 million based on the square footage of buildings Amazon occupies in the next 10 years.
The tax breaks and grants will come to Amazon over the course of the next ten years, assuming it hits incremental job creation goals and occupancy targets, the company said….
MSNBC is reporting the Nashville , Tenesseee will get a 5,000 employee operations center also with $105 Million in tax credits….
It is reported that 238 cities/states application where sent to Amazon in trying to get the Amazon buildings…