Business Column: Amazon an example of growing resistance to corporate incentives
Last updated 2/21/2019 at 9:27am
The circumstances leading to Amazon’s decision to scrap its New York City project are trends corporate leaders need to examine closely. There are cultural and political shifts in America which are changing the way business is done.
Amazon walked away from its deal struck with New York Gov. Andrew Cuomo and New York City Mayor Bill de Blasio which would create 25,000 new jobs and added $27 billion in new city and state tax revenue. In return, Cuomo and de Blasio, who actively courted Amazon, promised $3 billion in government incentives---a lightning rod among opponents.
The selection ca...