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Cities Should Stop Playing the Amazon HQ2 Bidding Game

There is no economic benefit to huge tax incentives to lure new companies, so why do cities keep offering them?

  • Bryce Covert
  • The New York Times

It’s official: Amazon has anointed New York and Northern Virginia as locations for a major expansion, involving at least 25,000 employees and an investment of $5 billion.

The announcement is the culmination of an intense bidding war among 238 cities for Amazon’s promise of $50 billion in investment and 50,000 high-paying technology jobs.

To land that deal, cities offered billions in tax breaks and incentives.

According to the announcement, the…

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