Amazon is coming to NYC anyway - AOC

[Boiler 43,835]

 

[Nature Boy 2.0 8,335]

hmmm. Were you heading with this ?

[Boiler 43,835]

18 minutes ago, Nature Boy 2.0 said:

hmmm. Were you heading with this ?

Well she seems very happy with herself.

[kris&me 572]

• Amazon plans to build about 8 million square feet of space.
• It will receive performance-based direct incentives of $1.525 billion based on the company creating 25,000 jobs in Long Island City.
• This includes a refundable tax credit through the state’s Excelsior Program of up to $1.2 billion calculated as a percentage of the salaries Amazon expects to pay employees over 10 years.
• That equates to $48,000 per job for 25,000 jobs with an average wage of more than $150,000.
• Amazon also received a cash grant from Empire State Development of $325 million based on the square footage of buildings occupied in the next 10 years.
• Amazon will also apply for as-of-right incentives including N.Y.C.’s Industrial & Commercial Abatement Program (ICAP) and the Relocation and Employment Assistance Program (REAP).

The company will receive these incentives over the next decade based on the incremental jobs it creates each year and as it reaches building occupancy

 

Since it is associated with a campus ,  amazon also qualifies for the NY state start off program which is free state taxes (plus other benefits ) for 10 years

 

https://esd.ny.gov/startup-ny-tax-free-information

[Steeleballz 7,550]

 

   The tweet is curious, because president Trump actually doesn't like Bezos or Amazon. I don't think you can push the blame for this one on anything Trump did. If you don't want Amazon in NY, blame NY.

[Voice of Reason 10,298]

9 hours ago, kris&me said:

• Amazon plans to build about 8 million square feet of space.
• It will receive performance-based direct incentives of $1.525 billion based on the company creating 25,000 jobs in Long Island City.
• This includes a refundable tax credit through the state’s Excelsior Program of up to $1.2 billion calculated as a percentage of the salaries Amazon expects to pay employees over 10 years.
• That equates to $48,000 per job for 25,000 jobs with an average wage of more than $150,000.
• Amazon also received a cash grant from Empire State Development of $325 million based on the square footage of buildings occupied in the next 10 years.
• Amazon will also apply for as-of-right incentives including N.Y.C.’s Industrial & Commercial Abatement Program (ICAP) and the Relocation and Employment Assistance Program (REAP).

The company will receive these incentives over the next decade based on the incremental jobs it creates each year and as it reaches building occupancy

 

Since it is associated with a campus ,  amazon also qualifies for the NY state start off program which is free state taxes (plus other benefits ) for 10 years

 

https://esd.ny.gov/startup-ny-tax-free-information

Sounds like some lucrative tax breaks and incentives to me.  Maybe. AOC didn't actually read the fine print.

[Boiler 43,835]

She did not seem to notice the difference in job numbers.

[Neonred 3,461]

10 hours ago, kris&me said:

• Amazon plans to build about 8 million square feet of space.
• It will receive performance-based direct incentives of $1.525 billion based on the company creating 25,000 jobs in Long Island City.
• This includes a refundable tax credit through the state’s Excelsior Program of up to $1.2 billion calculated as a percentage of the salaries Amazon expects to pay employees over 10 years.
• That equates to $48,000 per job for 25,000 jobs with an average wage of more than $150,000.
• Amazon also received a cash grant from Empire State Development of $325 million based on the square footage of buildings occupied in the next 10 years.
• Amazon will also apply for as-of-right incentives including N.Y.C.’s Industrial & Commercial Abatement Program (ICAP) and the Relocation and Employment Assistance Program (REAP).

The company will receive these incentives over the next decade based on the incremental jobs it creates each year and as it reaches building occupancy

 

Since it is associated with a campus ,  amazon also qualifies for the NY state start off program which is free state taxes (plus other benefits ) for 10 years

 

https://esd.ny.gov/startup-ny-tax-free-information

 

1 hour ago, ALFKAD said:

Sounds like some lucrative tax breaks and incentives to me.  Maybe. AOC didn't actually read the fine print.

That was the old deal that fell through.  The new deal is for 335,000 sq ft complex with 1500 employees.

 

https://abcnews.go.com/Business/wireStory/amazon-lease-ny-space-renews-debate-failed-deal-67569251

Edited December 8, 2019 by Neonred