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Why Amazon's HQ2 Hunt May Be Costing Cities That Aren't Even Finalists
Governing: In the race to win Amazon's second headquarters, states and localities have revealed just how far they are willing to go to win the online retailer's business. And it may be resulting in bigger-than-necessary payouts to Amazon.
According to the latest data available from Good Jobs First, which tracks tax incentives, state and local governments have already promised a minimum of $1.6 billion in corporate subsidies to Amazon since 2000. The company’s HQ2 search could easily double that amount. Arlington, Va., was prepared to offer nearly $1 billion in state and local subsidies, while Atlanta and Columbus, Ohio, are reportedly offering more than $2 billion.
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