There are supposed to be conditions that were met in order for them to get payments, but yadda-yadda-yadda Covid, or, to quote Goodfellas, "F%$# you, pay me."
Subsidies for development projects don't work, and they don't pay for themselves ever. Just look at the Foxconn plant in Wisconsin:
Amazon has requested its first round of economic incentive payments from Virginia for its new Arlington headquarters, a sum that could mean more than $152 million in state money paid to the tech giant by late 2026.
The state had committed to give Amazon up to $750 million for these new Northern Virginia offices, the first phase of which is set to open in June.
But no money has been paid out yet: The company declined over the past three years to seek out these performance grants amid the coronavirus pandemic, Amazon spokesman Zach Goldsztejn said.
The company’s application, which was submitted by an April 1 deadline, comes during a turbulent period for the company. Amazon has laid off tens of thousands of employees and announced last month that it would pause construction on the second part of its campus, including three office towers as well as a futuristic “Helix” just a stone’s throw from the Pentagon.
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According to the contract, this is the final year in which Amazon can submit an application for this round of incentives. The payments reflect hiring and job creation through the end of 2022 and cannot be paid out until fiscal 2027.
These sorts of deals are never revenue positive. They increase costs to the rest of the community and so have the effect of decreasing investment in the area.
It's a loser for everyone but the rich pigs getting the subsidies.
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