Swordsmyth
04-08-2018, 09:52 PM
In one of the most aggressive attempts to cajole Amazon into selecting their state as the location for the e-commerce giant's second headquarters, the Maryland General Assembly just passed a bill offering the company a $5 billion incentive package should Amazon choose to settle in Maryland's Montgomery County.
Montgomery County is competing with Washington DC, Northern Virginia and 17 other areas that made Amazon's HQ2 "short list", which was released earlier this year. Specifically, Amazon is eyeing the site of the former White Flint Mall.
https://www.zerohedge.com/sites/default/files/inline-images/2018.04.06bezos.JPG
The "Promoting ext-Raordinary Innovation in Maryland’s Economy," or PRIME (yes that misplaced capitalization was intentional) would require Amazon to create at least 40,000 qualified jobs (with an average comp of at least $100,000). The company would also need to spend $4.5 billion on "eligible costs" like capital projects, the Baltimore Business Journal (https://www.bizjournals.com/baltimore/news/2018/04/04/maryland-house-adopts-5b-plus-amazon-hq2-incentive.html?ana=RSS&s=article_search) reported.
After passing the House, the bill now passes to the desk of Maryland Gov. Larry Hogan.
More at: https://www.zerohedge.com/news/2018-04-06/maryland-house-passes-5bn-incentive-package-meant-lure-amazons-hq2
Montgomery County is competing with Washington DC, Northern Virginia and 17 other areas that made Amazon's HQ2 "short list", which was released earlier this year. Specifically, Amazon is eyeing the site of the former White Flint Mall.
https://www.zerohedge.com/sites/default/files/inline-images/2018.04.06bezos.JPG
The "Promoting ext-Raordinary Innovation in Maryland’s Economy," or PRIME (yes that misplaced capitalization was intentional) would require Amazon to create at least 40,000 qualified jobs (with an average comp of at least $100,000). The company would also need to spend $4.5 billion on "eligible costs" like capital projects, the Baltimore Business Journal (https://www.bizjournals.com/baltimore/news/2018/04/04/maryland-house-adopts-5b-plus-amazon-hq2-incentive.html?ana=RSS&s=article_search) reported.
After passing the House, the bill now passes to the desk of Maryland Gov. Larry Hogan.
More at: https://www.zerohedge.com/news/2018-04-06/maryland-house-passes-5bn-incentive-package-meant-lure-amazons-hq2