Amazon Chose Super Expensive Cities, Should Entrepreneurs Follow Their Example?

by Evil HR Lady on November 15, 2018

Amazon announced they will split their new headquarters between two cities: Long Island City (in Queens) New York, and National Landing (formerly Crystal City) in Arlington Virginia. Numerous cities vied anxiously for the honor of landing this headquarters, which will bring upwards of 50,000 well-paid jobs. (Right now, they are slated to be split between the two locations.)

Amazon is getting massive subsidies and tax breaks from the “winning” cities. According to CNET, these incentives run into the billions:  $1.525 billion in incentives in New York, and $573 million in Virginia. Whew! That’s some serious corporate welfare.

And that’s the key part here: Amazon is big and cities fell over themselves to offer money to get Amazon to pick me. This pick-me dance is limited to the big players. If you walk into New York Mayor Bill de Blasio’s office and say, “I’m thinking of bringing my startup to New York. What can you do for me?” you’ll get laughed out. Actually, you won’t even make it into the office.

To keep reading, click here: Amazon Chose Super Expensive Cities, Should Entrepreneurs Follow Their Example?

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