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Metropolitan DC Local Politics
Reply to "amazon hq arlington incentives posted!!"
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[quote=Anonymous][quote=Anonymous]VA is spending around 23,000 in incentives per job, that must average 150k a year per agreement. VA will make that back in state income taxes alone in 4-5 years. The infrastructure upgrades are separate and frankly needed. [b] I consider it a huge win that NOVA is getting the state to dump that much money back into the area, as opposed to spending in the rear of VA[/b][/quote] This. Plus, the Amazon hoopla brought DC and MD back to the table to agree on funding infrastructure for Metro. This is a win for all of this region's residents. In sum: 25K jobs at an average of $150K each. This creates $200m+ annually in tax revenues for VA, MD, and DC. VA gave $575m in direct incentives Another $223m was promised for infrastructure investment (which was always needed regardless of Amazon's arrival) We got a way better deal than NYC. I think VA's negotiators knew Bezos was coming here hell-or-highwater and low-ball AMZN. Plus, I don't think Bezos ever truly considered DC because of the lack of Congressional representation. So VA was only really in competition with MD. Bravo, VA. Sincerely, DC Resident[/quote]
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