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Amazon HQ2

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Newark to offer $1B in tax新爱上海同城对对碰论坛

上海同城对对碰交友社区
breaks to land Amazon s HQ2 Proposal is part of $7B package

From left: Broad Street in Newark, Ras Baraka, and Jeff Bezos (Credit: Wikipedia and Getty Images)

New Jersey is 阿爱上海同城

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upping the ante in its bid to lure Amazon.com s second headquarters to the stat爱上海

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e s largest city.

Newark is considering offering as much as $1 billion in tax breaks to any company that creates 30,00爱上海同城对对碰

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0 jobs and invests $3 billion in the city over the next 20 years, Bloomberg reported. The proposal, which is expected to be voted on at Wednesday s City Council meeting, is part of the $7 billion package the state is offering in hopes of landing Amazon s $5 billion headquarters.

If approved, the new payroll tax exemptions in Newark would apply to other com上海龙凤论坛

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panies, even if Amazon doesn t ultimately choose the city.

Newark s offer is one of the largest known subsidy packages presented by cities trying to woo Amazon. The company has shortlisted 20 locations, including New York, Los Angeles, Denver, Miami, Boston and Toronto. Montgomery County, Maryland, has offered up a $6.5 billion package.

Amazon also shortlisted three cities in the Washington, D.C. metro area, leading some to speculate that the company is leaning toward setting up shop there. [Bloomberg] — Kathryn Brenzel

Tags: Amazon HQ2, Commercial Real Estate, Newark
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