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Reply to "Amazon's Reality Check for MD"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Why still argue about this? MoCo didn't lose Amazon, it lost half the Amazon...nor did it lose something it never had. Lost the bid....that was changed by Bezos and not a good deal at half the jobs, half the infrastructure, half everything... Again, the decline state is richest in the union and has most millionaires per capita. I guess it is not a bad way to decline.[/quote] That is true, but what's it really mean? Sure we have a lot of millionaires in Bethesda, Potomac & Chevy Chase - but how many opportunities is that creating for the 95% who aren't? I think we have a fairly robust small business community, but where VA is killing us is in big corporate investment. Ultimately that is going to have a far bigger economic impact than our "millionaire community." And those corporate taxes are what allow jurisdictions to spend money without drastically increasing our income and property tax rates. And your criticism of Amazon's "half deal" ignores the fact that VA offered far less in incentives and still won the bid. But who cares, right? We got millionaires![/quote] This. The new wealth being created is significantly more than MD. In 10 years the level of wealth and development in Arlington/Alexandria will increase significantly as more Amazon, Nestle, start-ups servicing tech companies move in. 10 years is a very short period of time for planning purposes and we literally have zero plans (lets get more anti-development politicians in office) other than living off our glory days. The change is so pronounced that "In 1983, the region’s economic activity, which reflects job growth, was split equally among Northern Virginia, Washington and the Maryland suburbs, he said. By last year, Northern Virginia’s share had grown to 48 percent, while the Maryland suburbs held about steady with 31 percent, and Washington had dropped to 21 percent." (from Washington Post). If this does not make the fact obvious that Maryland is being consistently being beaten by NOVA on the economic front, not sure what is. [/quote]
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