Nov 13
2018
Western New York’s version of the Amazon deal
The agreement that will place a new headquarters for Amazon in Queens is the biggest economic development deal for a private company New York has ever seen, with a subsidy package that could add up to more than $2 billion. The full value of the incentives Amazon stands to receive is unclear, but it might still work out to be a better deal for taxpayers than Western New York’s own marquee economic development project, the Tesla factory in South Buffalo. On top of a $500 million state grant, and more than $1.5 billion in performance-based tax credits, Amazon will[...]