The $5 million dollar bid to build a new headquarters for Amazon (NASDAQ:$AMZN) has attracted the attention of cities across the US.
While New York has doubled down on its bid, residents in cities like Boston and Los Angeles fear the influx of business will drive up real estate prices and cause catastrophic overcrowding, a scenario that had previously played out in Seattle.
New York has opened itself up to ideas to sell their city as the new site of Amazon’s 50,000 person headquarters. A nonprofit organization known as The New York Economic Development Corporation has called for ideas and information on possible assets and spaces that would help attract the attention of Amazon.
Amazon has outlined their criteria for their headquarters’ new hometown, including giving priority to metropolitan eras with a population of 1 million plus and giving the cryptic instruction to think ‘big’ and ‘creatively’.
However, not all the responses have been so positive. Los Angeles Times columnist Michael Hiltzik argued that Amazon’s interest in tax incentives and their overall strategy for the campaign is arrogant and tantamount to bribery.
In Boston, Globe columnist Evan Horowitz wrote about concern that tax incentives would only be the first demand. This included fear that the corporation was testing the waters to see what cities would be most receptive to their demands.
Another major concern was the effect that supporting Amazon would have on the local economy.
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