Can you say "Solyndra" or "Solar City" ?
Where's the claw back if the jobs creation falls short ?
The city and state’s $3 billion giveaway to lure Amazon to New York City won’t cost a dime, Gov. Andrew Cuomo claimed Tuesday as he defended throwing a mountain of taxpayer money at the $1 trillion company.
“This is a big money-maker for us — costs us nothing, nada, niente. We make money doing this,” Cuomo said during a press conference announcing Amazon’s plans to open a headquarters in Queens.
The state enticed the online retail monolith here with
$1.2 billion in tax credits and an up to
$505 million subsidy, while the city is forking over
$897 million in tax credits for relocating to the Big Apple and another
$386 million in tax abatements for the new, 9 million-square-foot campus it plans to build.
That’s a
total of at least $2.988 billion in exchange for Amazon’s pledge to create at least 25,000 permanent, full-time jobs paying an average $150,000 salary over the next decade.
https://nypost.com/2018/11/13/cuomo-...ts-us-nothing/