Maryland lawmakers approved $6.5 billion in tax incentives for Amazon on Wednesday, pushing through the largest economic development package in state history on the hope the internet retail giant will build a new headquarters here.
The massive tax incentive package comes on top of an additional $2 billion in promised infrastructure and transportation improvements for the White Flint Mall area of Montgomery County, one of the 20 spots across the country Amazon picked as finalists for its so-called HQ2 project.
Maryland’s $8.5 billion package, which is $3.5 billion bigger than originally advertised by Republican Gov. Larry Hogan, would be the largest publicly known incentive offered to Amazon in exchange for building its second headquarters. The next largest offer came from New Jersey, which offered $7 billion for the project to be built in Newark.
Hogan’s administration contends the package will cost less — $5.27 billion with the tax incentives costing $3.27 billion. The governor has called it “the single greatest economic development opportunity in a generation.”
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4 comments:
Large Corporations and Sports team should not be getting these tax breaks on the back of the less fortunate middle class. This is totally ridiculous when MD Politians are soaking MD citizens in high taxes. Only certain areas like Southern MD where salaries are lot higher than rest of State can afford these higher taxes. The rest of us as Pelosi stated get the crumbs and barely survive. If California succeeds from the US then areas of MD should succeed of the rest of MD just for this reason. They can spend their own money then and not mind.
Let the shore succeed to delaware of virginia
Better do something this state has nothing to offer businesses.
Look, I have (5) large chicken houses that I will gladly donate to Amazon if they will move their headquarters here to Wicomico. You heard me right, GIVE THEM TO AMAZON. I'll even pay to remove the adjacent manure barns.
Our area needs jobs so bad that I'll even throw-in my manure removing Bobcat.
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