Amazon HQ2 and other news
Comments
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Now I am assuming your calculation is the taxes from Amazon and their employees, 50 000 jobs would bring in massive amounts of construction jobs that in the entire area.tempo_n_groove said:
Because I love math...Meltdown99 said:
3 billion in subsidies for 50 000 jobs is not that bad. You should see the subsidies we toss around at businesses for 600 jobs or to get them to stay put. The Canadian government just wrote off 3.5 billion that GM still owed as part of the 2008 bailout.tempo_n_groove said:
I am opposed to subsidies to any corporation. Amazon is only jumping in on the free money like the auto sector and more have gotten.
50,000 jobs
Not all but for this equation I will use $150,000 base pay for each job is $7,500,000,000.00
$7,500,000,000 x the NYS tax rate of 8.82% would be
$661,500,000.00 annually in NYS taxes.
So in 9 years the city would make back that 3Billion.
Amazon has grown 7 billion dollars in the last year so with that type of growth Amazon doesn't really need the incentives and it would make p that 3 billion in revenue in about 1 quarter...
In our situation with GM, they are closing a plant hear Toronto and everyone feathers are ruffled because we forgave them of 3.5 billion, but GM claims that them getting the 10 billion bailout and continuing operations for the last 10 years was worth 108 billion to the Canadian economy.
So I wonder what the overall impact will be to the NY economy...would have been massive.Give Peas A Chance…0 -
I still think that if Bezos wasn’t going through the divorce they would have pushed forward in NYC. He is in full take no prisoners, take no shit mode right now.Be Excellent To Each OtherParty On, Dudes!0
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Because I do construction for a living I would guess that they would spend about 1 billion on buildings, tax free.Meltdown99 said:
Now I am assuming your calculation is the taxes from Amazon and their employees, 50 000 jobs would bring in massive amounts of construction jobs that in the entire area.tempo_n_groove said:
Because I love math...Meltdown99 said:
3 billion in subsidies for 50 000 jobs is not that bad. You should see the subsidies we toss around at businesses for 600 jobs or to get them to stay put. The Canadian government just wrote off 3.5 billion that GM still owed as part of the 2008 bailout.tempo_n_groove said:
I am opposed to subsidies to any corporation. Amazon is only jumping in on the free money like the auto sector and more have gotten.
50,000 jobs
Not all but for this equation I will use $150,000 base pay for each job is $7,500,000,000.00
$7,500,000,000 x the NYS tax rate of 8.82% would be
$661,500,000.00 annually in NYS taxes.
So in 9 years the city would make back that 3Billion.
Amazon has grown 7 billion dollars in the last year so with that type of growth Amazon doesn't really need the incentives and it would make p that 3 billion in revenue in about 1 quarter...
In our situation with GM, they are closing a plant hear Toronto and everyone feathers are ruffled because we forgave them of 3.5 billion, but GM claims that them getting the 10 billion bailout and continuing operations for the last 10 years was worth 108 billion to the Canadian economy.
So I wonder what the overall impact will be to the NY economy...would have been massive.
They would most likely employ 1000 construction workers during that time of say 5 years to construct from soup to nuts.
1000x$100,000=$1,000,000,000
1bilx5years=$5,000,000,000
5bilx8.82%=$442,000,000 in tax revenue over the 5 years.
Good point about the construction. I forgot about that!0 -
“The runners-up included Austin, Atlanta, Boston, Chicago, Columbus, Ohio, Dallas, Denver, Indianapolis, Los Angeles, Miami, Montgomery County, Maryland, Newark, Philadelphia, Pittsburgh, Raleigh, Toronto, and Washington, D.C.“
Be Excellent To Each OtherParty On, Dudes!0 -
I imagine Amazon prefers east coast but will most likely encounter similar resistance from blue state politics. That opens the door for the Midwest.Be Excellent To Each OtherParty On, Dudes!0
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Why they wouldn't want an "up and coming" area is beyond me...Jason P said:“The runners-up included Austin, Atlanta, Boston, Chicago, Columbus, Ohio, Dallas, Denver, Indianapolis, Los Angeles, Miami, Montgomery County, Maryland, Newark, Philadelphia, Pittsburgh, Raleigh, Toronto, and Washington, D.C.“
Build it in West Chester NY or something.0 -
Maybe they should just buy some empty land in the middle of nowhere and create Amazon City?Give Peas A Chance…0
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Probably prefer an established infrastructure over waiting for one to be built and to be three steps behind their progress.tempo_n_groove said:
Why they wouldn't want an "up and coming" area is beyond me...Jason P said:“The runners-up included Austin, Atlanta, Boston, Chicago, Columbus, Ohio, Dallas, Denver, Indianapolis, Los Angeles, Miami, Montgomery County, Maryland, Newark, Philadelphia, Pittsburgh, Raleigh, Toronto, and Washington, D.C.“
Build it in West Chester NY or something.Be Excellent To Each OtherParty On, Dudes!0 -
It's not because it's a Blue State, it's because it would destroy communities.Jason P said:I imagine Amazon prefers east coast but will most likely encounter similar resistance from blue state politics. That opens the door for the Midwest.
Everything here in NY is expensive already. When Amazon announced HQ2 the wolves came out and started buying property immediately.
Properties doubled and tripled over night.
People were getting priced out or were going to be priced out...0 -
Maybe they should just buy some empty land in the middle of nowhere and create Amazon City?Give Peas A Chance…0
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It is an interesting question. Since this isn't a warehouse, etc it's not about transportation. I think it's about attracting the best talent.tempo_n_groove said:
Why they wouldn't want an "up and coming" area is beyond me...Jason P said:“The runners-up included Austin, Atlanta, Boston, Chicago, Columbus, Ohio, Dallas, Denver, Indianapolis, Los Angeles, Miami, Montgomery County, Maryland, Newark, Philadelphia, Pittsburgh, Raleigh, Toronto, and Washington, D.C.“
Build it in West Chester NY or something.
Do you want to move to New York City or to West Virginia for example? I bet they thought the location gave them an edge on recruiting to fill the jobs with the most talented people.hippiemom = goodness0 -
Meltdown99 said:Maybe they should just buy some empty land in the middle of nowhere and create Amazon City?
My thoughts would be the same as to build in an area and make a new city pretty much.Jason P said:
Probably prefer an established infrastructure over waiting for one to be built and to be three steps behind their progress.tempo_n_groove said:
Why they wouldn't want an "up and coming" area is beyond me...Jason P said:“The runners-up included Austin, Atlanta, Boston, Chicago, Columbus, Ohio, Dallas, Denver, Indianapolis, Los Angeles, Miami, Montgomery County, Maryland, Newark, Philadelphia, Pittsburgh, Raleigh, Toronto, and Washington, D.C.“
Build it in West Chester NY or something.0 -
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The talent pool is really important. My prior company started exiting mid level cities and growing jobs in DC, Chicago and NYC because we were not getting the quality people we wanted. Maybe NYC was too much of a shock to the system, raising the real estate prices as noted.cincybearcat said:
It is an interesting question. Since this isn't a warehouse, etc it's not about transportation. I think it's about attracting the best talent.tempo_n_groove said:
Why they wouldn't want an "up and coming" area is beyond me...Jason P said:“The runners-up included Austin, Atlanta, Boston, Chicago, Columbus, Ohio, Dallas, Denver, Indianapolis, Los Angeles, Miami, Montgomery County, Maryland, Newark, Philadelphia, Pittsburgh, Raleigh, Toronto, and Washington, D.C.“
Build it in West Chester NY or something.
Do you want to move to New York City or to West Virginia for example? I bet they thought the location gave them an edge on recruiting to fill the jobs with the most talented people.0 -
It must be nice that NY is doing so well economically that 50 000 jobs mean squat.Give Peas A Chance…0
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It might be too much, too fast. Although I don't know the growth plan, where they add 50k over 10 years or something, which seems more rational. I agree with you though, that the "people" are cutting off their nose to spite the face.Meltdown99 said:It must be nice that NY is doing so well economically that 50 000 jobs mean squat.0 -
ummmm. Dell chose Austin and it ballooned to a Metropolis now so I say "if u build it, they will come."mrussel1 said:
The talent pool is really important. My prior company started exiting mid level cities and growing jobs in DC, Chicago and NYC because we were not getting the quality people we wanted. Maybe NYC was too much of a shock to the system, raising the real estate prices as noted.cincybearcat said:
It is an interesting question. Since this isn't a warehouse, etc it's not about transportation. I think it's about attracting the best talent.tempo_n_groove said:
Why they wouldn't want an "up and coming" area is beyond me...Jason P said:“The runners-up included Austin, Atlanta, Boston, Chicago, Columbus, Ohio, Dallas, Denver, Indianapolis, Los Angeles, Miami, Montgomery County, Maryland, Newark, Philadelphia, Pittsburgh, Raleigh, Toronto, and Washington, D.C.“
Build it in West Chester NY or something.
Do you want to move to New York City or to West Virginia for example? I bet they thought the location gave them an edge on recruiting to fill the jobs with the most talented people.0 -
You guys don't live here. You don't know what it would do to the surrounding communities.mrussel1 said:
It might be too much, too fast. Although I don't know the growth plan, where they add 50k over 10 years or something, which seems more rational. I agree with you though, that the "people" are cutting off their nose to spite the face.Meltdown99 said:It must be nice that NY is doing so well economically that 50 000 jobs mean squat.
I spoke about it earlier on what would happen to communities.0 -
Different time. People used to go to jobs. The cities are so vibrant now, that young people don't have to move to tier 2 cities anymore. Not the highly talented ones.tempo_n_groove said:
ummmm. Dell chose Austin and it ballooned to a Metropolis now so I say "if u build it, they will come."mrussel1 said:
The talent pool is really important. My prior company started exiting mid level cities and growing jobs in DC, Chicago and NYC because we were not getting the quality people we wanted. Maybe NYC was too much of a shock to the system, raising the real estate prices as noted.cincybearcat said:
It is an interesting question. Since this isn't a warehouse, etc it's not about transportation. I think it's about attracting the best talent.tempo_n_groove said:
Why they wouldn't want an "up and coming" area is beyond me...Jason P said:“The runners-up included Austin, Atlanta, Boston, Chicago, Columbus, Ohio, Dallas, Denver, Indianapolis, Los Angeles, Miami, Montgomery County, Maryland, Newark, Philadelphia, Pittsburgh, Raleigh, Toronto, and Washington, D.C.“
Build it in West Chester NY or something.
Do you want to move to New York City or to West Virginia for example? I bet they thought the location gave them an edge on recruiting to fill the jobs with the most talented people.0 -
While I agree that there are unintended consequences top this type of influx of jobs, I think it's difficult to say that it would be a net negative over the course of several years. Certainly there will be people negatively impacted, but certainly many positively.tempo_n_groove said:
You guys don't live here. You don't know what it would do to the surrounding communities.mrussel1 said:
It might be too much, too fast. Although I don't know the growth plan, where they add 50k over 10 years or something, which seems more rational. I agree with you though, that the "people" are cutting off their nose to spite the face.Meltdown99 said:It must be nice that NY is doing so well economically that 50 000 jobs mean squat.
I spoke about it earlier on what would happen to communities.
I do think that this statement from AOC is overblown and ridiculous. To act like the decision by company to move there was nefarious is outrageous.....
Today was the day a group of dedicated, everyday New Yorkers & their neighbors defeated Amazon’s corporate greed, its worker exploitation, and the power of the richest man in the world," Ocasio-Cortez, one of the deal's staunchest critics, wrote
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