Amazon HQ2 and other news

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  • Meltdown99
    Meltdown99 None Of Your Business... Posts: 10,739
    tempo_n_groove said:
    Meltdown99 said:
    tempo_n_groove said:
    Bye bye Amazon HQ2
    https://www.nytimes.com/2019/02/14/nyregion/amazon-hq2-queens.html
    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.  

    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.


    Because I love math...

    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...
    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.  

    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…
  • Jason P
    Jason P Posts: 19,381
    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 Other
    Party On, Dudes!
  • tempo_n_groove
    tempo_n_groove Posts: 41,808
    Meltdown99 said:
    tempo_n_groove said:
    Meltdown99 said:
    tempo_n_groove said:
    Bye bye Amazon HQ2
    https://www.nytimes.com/2019/02/14/nyregion/amazon-hq2-queens.html
    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.  

    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.


    Because I love math...

    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...
    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.  

    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.
    Because I do construction for a living I would guess that they would spend about 1 billion on buildings, tax free.

    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!
  • Jason P
    Jason P Posts: 19,381
    “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 Other
    Party On, Dudes!
  • Jason P
    Jason P Posts: 19,381
    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 Other
    Party On, Dudes!
  • tempo_n_groove
    tempo_n_groove Posts: 41,808
    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.“
    Why they wouldn't want an "up and coming" area is beyond me...

    Build it in West Chester NY or something.
  • Meltdown99
    Meltdown99 None Of Your Business... Posts: 10,739
    Maybe they should just buy some empty land in the middle of nowhere and create Amazon City?  
    Give Peas A Chance…
  • Jason P
    Jason P Posts: 19,381
    tempo_n_groove said:
    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.“
    Why they wouldn't want an "up and coming" area is beyond me...

    Build it in West Chester NY or something.
    Probably prefer an established infrastructure over waiting for one to be built and to be three steps behind their progress. 
    Be Excellent To Each Other
    Party On, Dudes!
  • tempo_n_groove
    tempo_n_groove Posts: 41,808
    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. 
    It's not because it's a Blue State, it's because it would destroy communities.

    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...
  • Meltdown99
    Meltdown99 None Of Your Business... Posts: 10,739
    Maybe they should just buy some empty land in the middle of nowhere and create Amazon City?  
    Give Peas A Chance…
  • cincybearcat
    cincybearcat Posts: 16,959
    tempo_n_groove said:
    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.“
    Why they wouldn't want an "up and coming" area is beyond me...

    Build it in West Chester NY or something.
    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.

    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 = goodness
  • tempo_n_groove
    tempo_n_groove Posts: 41,808
    Meltdown99 said:
    Maybe they should just buy some empty land in the middle of nowhere and create Amazon City?  
    Jason P said:
    tempo_n_groove said:
    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.“
    Why they wouldn't want an "up and coming" area is beyond me...

    Build it in West Chester NY or something.
    Probably prefer an established infrastructure over waiting for one to be built and to be three steps behind their progress. 
    My thoughts would be the same as to build in an area and make a new city pretty much.
  • cincybearcat
    cincybearcat Posts: 16,959
    http://nymag.com/intelligencer/2018/11/why-amazon-chose-nyc-instead-of-a-place-that-needs-it-more.html


    hippiemom = goodness
  • mrussel1
    mrussel1 Posts: 30,965
    cincybearcat said:
    tempo_n_groove said:
    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.“
    Why they wouldn't want an "up and coming" area is beyond me...

    Build it in West Chester NY or something.
    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.

    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.
    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. 
  • Meltdown99
    Meltdown99 None Of Your Business... Posts: 10,739
    It must be nice that NY is doing so well economically that 50 000 jobs mean squat.
    Give Peas A Chance…
  • mrussel1
    mrussel1 Posts: 30,965
    Meltdown99 said:
    It must be nice that NY is doing so well economically that 50 000 jobs mean squat.
    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. 
  • tempo_n_groove
    tempo_n_groove Posts: 41,808
    mrussel1 said:
    cincybearcat said:
    tempo_n_groove said:
    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.“
    Why they wouldn't want an "up and coming" area is beyond me...

    Build it in West Chester NY or something.
    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.

    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.
    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. 
    ummmm.  Dell chose Austin and it ballooned to a Metropolis now so I say "if u build it, they will come."
  • tempo_n_groove
    tempo_n_groove Posts: 41,808
    mrussel1 said:
    Meltdown99 said:
    It must be nice that NY is doing so well economically that 50 000 jobs mean squat.
    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. 
    You guys don't live here.  You don't know what it would do to the surrounding communities.

    I spoke about it earlier on what would happen to communities.
  • mrussel1
    mrussel1 Posts: 30,965
    tempo_n_groove said:
    mrussel1 said:
    cincybearcat said:
    tempo_n_groove said:
    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.“
    Why they wouldn't want an "up and coming" area is beyond me...

    Build it in West Chester NY or something.
    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.

    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.
    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. 
    ummmm.  Dell chose Austin and it ballooned to a Metropolis now so I say "if u build it, they will come."
    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. 
  • mrussel1
    mrussel1 Posts: 30,965
    tempo_n_groove said:
    mrussel1 said:
    Meltdown99 said:
    It must be nice that NY is doing so well economically that 50 000 jobs mean squat.
    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. 
    You guys don't live here.  You don't know what it would do to the surrounding communities.

    I spoke about it earlier on what would happen to communities.
    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. 

    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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