Cities across the U.S. battled for over a year to win Amazon’s new headquarters, offering billions in tax breaks to one of the world’s largest companies and pledging capital investments to better serve an originally-anticipated influx of 50,000 employees.
Tuesday’s announcement that New York City and northern Virginia came out on top — each getting half what it initially expected — prompted a fresh round of criticism that Amazon’s contest, which drew interest from more than four dozen locations, was an elaborate ploy to extract significant concessions for a business that recently crossed the $1 trillion valuation mark.
Recommended Stories
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.