How Amazon landed up to $2 billion in subsidies for its new headquarters

Posted On: Nov 13, 2018   |   Posted By: The Verge

How Amazon landed up to $2 billion in subsidies for its new headquarters

Amazon has just announced the sites for its HQ2. Soon, the company will be expanding into Long Island City, Queens, and Crystal City, in Arlington, Virginia. The expansion, the retail giant says, will bring 25,000 employees to each of the areas, and the company said it would invest $5 billion in the offices. Already, the announcement is raising questions about what the deal will mean for the cities, the scope of the agreement, and how Amazon conducted the search in the first place. With more than $2 billion in potential subsidies available across the three sites, the secretive and dramatic search seems to have paid off.
The incentives the company will receive as part of the deals are already eye-popping: Amazon announced that, in New...

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