Koch group warns cities against 'corporate welfare' for Amazon

Washington Examiner | 2/21/2018 | Joseph Lawler
iVchan (Posted by) Level 3
Click For Photo: http://cdn.washingtonexaminer.biz/cache/1060x600-b085f1f21555bfe26661f2c5c488cde8.jpg

A Koch-backed group started an ad campaign Wednesday aimed at dissuading local governments from lavishing Amazon with taxpayer-funded benefits to win the company’s second headquarters.

Generation Opportunity, a group within the Koch network that engages with millennials, rolled out a video bashing “corporate welfare” for Amazon, to run on social media in the 19 U.S. localities that are finalists for the headquarters.

Welfare - Deals - Ones - Amazon - Fuel

“Unfair corporate welfare deals like the ones being lobbed at Amazon fuel cronyism, are conducted in darkness, and force small businesses to subsidize their competition,” said David Barnes, policy director for the group.

Many of the cities and counties have offered Amazon major tax incentives for the placement of the headquarters, which the company says will entail $2 billion in investment.

New - Jersey - Officials - Example - Amazon

New Jersey officials, for example, offered Amazon $7 billion in state and local tax incentives for choosing Newark. Columbus, Ohio, offered a 15-year, 100 percent property...
(Excerpt) Read more at: Washington Examiner
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!