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Thread: Amazon looking to expand. $5B investment.

  1. #261
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    Quote Originally Posted by shakalaka View Post
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    Man; they cut Calgary and Edmonton. Had I known this last night, I would have never spent the $100k on Amazon in my protest. lol
    I didn't know they sell new cars on Amazon

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    Quote Originally Posted by jwslam View Post
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    I didn't know they sell new cars on Amazon
    https://gizmodo.com/amazon-now-sells-cars-1789150152

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    Quote Originally Posted by shakalaka View Post
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    Man; they cut Calgary and Edmonton. Had I known this last night, I would have never spent the $100 on Amazon in my protest. lol
    Those bastards cut us so hard, they still haven't shipped my 2-day delivery order I placed on Monday!

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    Like I said earlier, Amazon in Alberta is fucking laughable.

    As if Amazon is going to go in redneck central

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    Quote Originally Posted by R-Audi View Post
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    Key point many are missing is that Amazon wants a campus like their Seattle office, not to be spread out among 5-10 buildings downtown. This does nothing for our DT issues, as they would most likely be out in Suburbia somewhere as they need a large plot of land to make this work. On top of that, any of the developers that own this land certainly arent giving it away to make the rent work... then add in the transit issues.. and close proximity to Seattle... Id say its an extreme long shot.
    Yep.

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    Quote Originally Posted by R-Audi View Post
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    Yep.
    Yet NYC is still on the list. Do they plan on buying Central Park?

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    Anyone who actually thought Calgary had a remote chance at getting this is a dummy.

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    Quote Originally Posted by cjblair View Post
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    Anyone who actually thought Calgary had a remote chance at getting this is a dummy.
    Too loud for Aspen

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    Quote Originally Posted by cjblair View Post
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    Anyone who actually thought Calgary had a remote chance at getting this is a dummy.
    No incentives, jr high school bid, we had zero chance. Really, only thing that was a fit was the fact that the city fit the RFP asks pretty well.
    Originally posted by SEANBANERJEE
    I have gone above and beyond what I should rightfully have to do to protect my good name

  10. #270
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    Not really related to Hq2 but figured its better than starting a new thread.

    3000 new high tech jobs being added to Vancouver Amazon office:
    https://globalnews.ca/news/4176455/v...-headquarters/

  11. #271
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    https://www.syracuse.com/state/index...ncentives.html

    Taxpayers on the hook for $48,000 per job
    Sig nuked by mod.

  12. #272
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    Quote Originally Posted by adam c View Post
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    https://www.syracuse.com/state/index...ncentives.html

    Taxpayers on the hook for $48,000 per job
    Decent ROI if you factor in all the new tax revenue for the state... dunno what NY taxes look like, but that must be recovered within 4-6 years?

  13. #273
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    How are tax payers on the hook? Is the state giving Amazon money?

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    Quote Originally Posted by dirtsniffer View Post
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    How are tax payers on the hook? Is the state giving Amazon money?
    Not sure about NY, but N Virginia incentives involve half a billion in cash. So ya, giving Amazon money. Doesn’t look like it’s all about incentives anyways. They turned down NJ’s 8 billion dollar incentive offer. Not that amazon needs tax breaks anyways, they’re already up there in creative tax avoidance.
    Originally posted by SEANBANERJEE
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    Luck O' the Irish!

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    Quote Originally Posted by adam c View Post
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    https://www.syracuse.com/state/index...ncentives.html

    Taxpayers on the hook for $48,000 per job
    Basically forgo income tax revenue for those new jobs for 6-7 years.

    If 25,000 job does show up on the HQ and it spur support economy around it, it's a cheap investment.

    Consider NY/Long Island has a combined sales tax of 9%, they reap benefit from that immediately from this activity. Not all 25,000 jobs will be filled by NY state residents. I'm sure a lot will come from other parts of the country.
    Last edited by Xtrema; 11-14-2018 at 11:44 AM.

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    All things being equal, I'd rather 25k jobs with zero tax revenue increase vs no jobs.

    However, I wonder what the tax costs of having another 25k jobs in one area does. End of the day, more jobs is better, but not if it involves public taxpayer dollars paying private companies.

  18. #278
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    Quote Originally Posted by HiTempguy1 View Post
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    All things being equal, I'd rather 25k jobs with zero tax revenue increase vs no jobs.

    However, I wonder what the tax costs of having another 25k jobs in one area does. End of the day, more jobs is better, but not if it involves public taxpayer dollars paying private companies.
    I'm not against "incentives" but to a point. Not the way some American states/cities basically give away 1st born to get them.

    Also, how does $1.5B incentive for 25,000 jobs turns into $48K per job? My simple math say that's $60K. But some said NY actually sweetened to deal to $2B. $1.5B is what's known.
    Last edited by Xtrema; 11-14-2018 at 04:02 PM.

  19. #279
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    Quote Originally Posted by Xtrema View Post
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    I'm not against "incentives" but to a point. Not the way some American states/cities basically give away 1st born to get them.
    Still seems like a better deal than bailing out car manufacturers that make a subpar product and also like to move manufacturing to lower cost labour markets

  20. #280
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    Quote Originally Posted by ercchry View Post
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    Still seems like a better deal than bailing out car manufacturers that make a subpar product and also like to move manufacturing to lower cost labour markets
    Or Wisconsin throwing $4.5B at Foxconn for 13,000 jobs.

    And in the end, they are hiring Chinese oversea citing "tight labor market"

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