My understanding was that Amazon was intending to use existing city programs to fund $1.3B of the $3B in incentives, most of that tied to the number of employees they hire to work in specific zones including LIC [1].
Why do they have to involve the city politicians in the decision-making process if they don't need any special treatment?
[1] "While New York City has not offered Amazon any direct subsidies, the company also plans to take advantage of two city tax breaks that will further sweeten the deal by nearly $1.3 billion.
One is the Relocation and Employment Assistance Program, which offers businesses moving to certain parts of the city a tax credit of up to $3,000 per employee for 12 years. The program will benefit Amazon to the tune of $897 million, Gov. Andrew Cuomo said.
The other is the Industrial & Commercial Abatement Program, which provides property tax abatements. It will be worth nearly $400 million to Amazon, Cuomo said."
Why do they have to involve the city politicians in the decision-making process if they don't need any special treatment?
[1] "While New York City has not offered Amazon any direct subsidies, the company also plans to take advantage of two city tax breaks that will further sweeten the deal by nearly $1.3 billion.
One is the Relocation and Employment Assistance Program, which offers businesses moving to certain parts of the city a tax credit of up to $3,000 per employee for 12 years. The program will benefit Amazon to the tune of $897 million, Gov. Andrew Cuomo said.
The other is the Industrial & Commercial Abatement Program, which provides property tax abatements. It will be worth nearly $400 million to Amazon, Cuomo said."
(https://patch.com/new-york/new-york-city/nys-amazon-deal-wha...)