Newark dangles $7 billion in front of Amazon in bid for HQ
Newark, New Jersey is determined to get Amazon's new headquarters. So determined, it's willing to offer up $7 billion in tax incentives.
Dozens of cities are vying for the economic benefits that would come with playing host to Amazon's second U.S. headquarters, adding to its original HQ in Seattle. Newark's offer is one of the most extreme—and serious. Amazon set Thursday as the deadline for cities to make their final offers.
The city, which has struggled over the past 50 years but is also home to a growing downtown and business district, would offer $7 billion in combined state and city tax incentives. Newark is New Jersey's official pick for its bid, with the support of Republican Gov. Chris Christie. Read more...
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Newark dangles $7 billion in front of Amazon in bid for HQ
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Wednesday, October 18, 2017
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