Nobody ever showed me credible numbers stating that New York's proposed subsidies to Amazon were a good deal for the people of New York, let alone for the country as a whole. That makes me strongly suspect that credible numbers cannot be calculated. Unless a recession hits at the right (or rather wrong) moment, the people who would have worked in New York at Amazon HQ2 will work elsewhere, and the state economy as a whole is likely to be healthier:
Nathan Jensen: Economic Development Public Policy Lessons Abound in New York���s Amazon HQ2 Debacle: "Most of these incentives are bad public policy. Virginia���s HQ2 bid was more public focused. It includes future payments based on a formula involving new, high-paying jobs as well as and other public subsidies, but it also includes a promise of infrastructure and education investments that would serve not only Amazon but also the entire community. The subsidies continue to face opposition. New York���s bid, in contrast, was designed primarily to put more money into the pockets of Amazon...
#noted
Published on April 05, 2019 20:08