Should cities be allowed to offer private companies economic incentives to relocate?
In November 2018 the online e-commerce company Amazon announced it would be building a second headquarters in New York City and Arlington, VA. The announcement came a year after the company announced it would accept proposals from any North American city who wanted to host the headquarters. Amazon said the company could invest over $5 billion and the offices would create up to 50,000 high paying jobs. More than 200 cities applied and offered Amazon millions of dollars in economic incentives and tax breaks. For the New York City headquarters the city and state governments gave Amazon $2.8…
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I'm unsure of what this means
@992BSPC1yr1Y
Yes, provided that only local residents are hired for employment and the local environment is not harmed.
@98LDNWJ1yr1Y
Yes , as long as the company provides jobs for local residents but I would prefer lowering cooperate taxes to benefit local companies and punish companies for moving jobs out of the country
@96FVK5J1yr1Y
Yes, but set a flat tax of 20%
As long as they are taxed accordingly with no corporate payouts or incentives to sway dodgy politicians and the environment is a major concern and must be looked after. This and Farmers and their neighbours who it may also affect get to decide.
@934RYWQ2yrs2Y
Yes to regional and rural areas and employ locals. Not for movement overseas
@92LTWLD2yrs2Y
Yes, but only if the local environment is not compromised, tax revenue will exceed the incentives, and they hire local residents.
@8ZV5SQ3Family First2yrs2Y
Yes, as long as the local environment is not compromised, if the company promises to create new jobs by hiring local residents and as long as the tax revenue will eventually exceed the tax incentives
@8TPFVBK3yrs3Y
As long as local environment is compromised, Tax revenue eventually exceeds the tax incentives, local citizens & residents are hired & can vote on the incentives
@8RF7ZBD3yrs3Y
Yes, they should be allowed to if they want, but they shouldn’t do it.
@8ZNMKB62yrs2Y
If it’s good for the economy, sure.
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