skip to main content
skip to newscasts

Monday, April 29, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Rival Gaza protest groups clash at UCLA; IL farmers on costly hold amid legislative foot-dragging; classes help NY psychologists understand disabled people's mental health; NH businesses, educators: anti-LGBTQ bills hurting kids, economy.

view newscast page
play newscast audioPlay

Ukraine receives much-needed U.S. aid, though it's just getting started. Protesting college students are up in arms about pro-Israel stances. And, end-of-life care advocates stand up for minors' gender-affirming care in Montana.

view newscast page
play newscast audioPlay

More rural working-age people are dying young compared to their urban counterparts, the internet was a lifesaver for rural students during the pandemic but the connection has been broken for many, and conservationists believe a new rule governing public lands will protect them for future generations.

Amazon May Be Close to a Deal, But at What Cost?

play audio
Play

Wednesday, November 7, 2018   

NEW YORK - Amazon may be close to a deal to open one of two new headquarters in New York, but watchdog groups fear taxpayers could be the big losers.

News reports say Amazon is finalizing plans for new headquarters in Long Island City in Queens and Crystal City in Arlington, Va. The year-long hunt for locations sparked a bidding war as cities and states offered one of the world's richest companies tax incentives and subsidies to sway its choice.

Greg LeRoy, executive director of the nonprofit Good Jobs First, said elected officials in both states have kept those deals completely hidden.

"We can't begin to tell you if taxpayers would ever break even," he said. "We fear they won't, because so many other big megadeals, including many in New York state, are way too expensive for taxpayers to ever break even."

Gov. Andrew Cuomo said getting an Amazon headquarters in New York would be a great economic boost for the state. The two headquarters combined are expected to employ about 50,000 workers with average salaries of $100,000 a year. However, LeRoy said past megadeals have cost an average of $658,000 per job in state and local subsidies.

"That would mean that the average Amazon worker would have to pay $658,000 more in state and local taxes than public services they and their family consume," he said.

At that price, he said, the result would be a massive transfer of wealth from taxpayers to Amazon shareholders.

Typically, LeRoy said, 80 percent of the new jobs megadeals create go to people who move into the area, not local residents, which means upward pressure on housing costs and greater strain on transportation and city services such as schools, police and sanitation.

"If Amazon isn't paying many taxes, or any taxes, for the costs of that growth," he said, "then it means everybody currently living and working in New York will get stuck with higher taxes."

LeRoy urged both Cuomo and Virginia Gov. Ralph Northam to disclose all incentives they've offered Amazon and to hold town-hall meetings at the proposed sites to allow public input.

More information is online at goodjobsfirst.org/amazon.


get more stories like this via email

more stories
Some groups see disproportionately high rates of suicide, including veterans, racial and ethnic minority groups, people with disabilities and LGBTQIA+ people. (Adobe Stock)

Health and Wellness

play sound

Rates of suicide among young people have increased by about 36% in roughly the last two decades and the surge has caught the attention of federal poli…


play sound

Members of Nebraska's LGBTQ+ community and their supporters saw positive actions at both the state and federal level this month. At the state level…

Social Issues

play sound

Missouri residents are gaining new insights into the powerful role of food in health care as experts and organizations advocate for a shift toward foo…


New Mexico is the second sunniest state in the nation after Arizona, creating maximum opportunities for solar development. (KristinaBlokhin/AdobeStock)

Environment

play sound

New federal funding aims to revolutionize solar energy access within New Mexico's Native American communities and benefit the state overall. The …

Health and Wellness

play sound

Nevada health-care providers, patients and advocates are responding to the U.S. Supreme Court case that'll determine the future of the Emergency …

Environment

play sound

A Knoxville-based environmental group is advocating for the Radiation Exposure Compensation Act expansion, currently awaiting House approval…

Environment

play sound

State officials in Maine are preparing the next generation for climate change-related activism and careers. A new state-run website helps young …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021