Economic-Extraction

Amazon Selects NYC and Arlington for HQ2—Extracting at Least $4.6 Billion in Subsidies

2018-11-13 00:00:00 +0000 UTC | Importance: 9/10

Amazon announced on November 13, 2018 that it would split its HQ2 project between Long Island City in Queens, New York and Crystal City in Arlington, Virginia (rebranded as “National Landing”). While Amazon claimed the combined subsidies totaled approximately $2.8 billion, analysis by …

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Amazon Launches HQ2 Bidding War—238 Cities Compete to Offer Billions in Subsidies

2017-09-07 00:00:00 +0000 UTC | Importance: 9/10

Amazon announced in September 2017 that it would build a second headquarters (HQ2) equal to its Seattle campus, sparking a bidding war among 238 North American cities desperate to win 50,000 promised jobs. Cities competed to offer the largest subsidy packages—with bids averaging $6.75 billion from …

Amazon Jeff Bezos corporate-welfare economic-extraction race-to-bottom surveillance-capitalism