Amazon has gone through lots of controversies in the last few days because of its decision to choosing NYC for building company’s second headquarters. However, due to strong protest from politicians, Amazon did not sign the deal with NYC and officially has abandoned its plan of building mega offices in there. But it seems like New Jersey politicians are finding an opportunity in this mess and since they have pitched to Amazon for making its grand factory Newark city. According to local government, all officials are in favor of Amazon’s second headquarters, and they have pitched their suggestion to Amazon.
Senator Cory Booker said that “We want HQ2” and now the message is loud and clear that Amazon might get all necessary incentives from New Jersey’s government. Reports showed that Amazon was demanding more than $3 billion of tax incentives from New York state which it did not receive because of strong protest from labor unions. Amazon’s officials said that they want to see a strong and positive relationship with states officials and that’s why the company won’t build its mega office unless it finds a collaborative deal. Newark was already on the list of Amazon for choosing HQ2, but it lost to Long City Island. According to reports New Jersey government had previously offered a tax incentive of more than $7 billion to Amazon which it did not receive because it wanted to build its HQ2 in long city island.
However, it seems like local politicians from New Jersey are trying their best to convince Amazon by giving tons of lucrative. Some experts think giving a tax incentive is not a good trade deal. Amazon is worth almost 1 trillion dollars, and it still wants to receive a hefty amount of tax incentives which is the primary reason why so many politicians are against Amazon.
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Bill has been in the journalism field for over four years. He has a good knowledge of the business sector. He has a bachelor’s degree in business and analytics and is well informed about the marketing industry. He prefers to focus on energy, finance, raw materials, capital goods, and the world economy.