Economy

State puts finishing touches on Amazon bid

State puts finishing touches on Amazon bid”

"We are not going to change the name of a city to 'Amazon.' That's not the way we do things".

As cities across the country beg and clamor to become the second headquarters location for Amazon, civic leaders in many places - including Chicago, Denver, Philadelphia and Nashville - are calling for a more critical eye. The company said it would spend between $300 million and $600 million in the near term and up to $5 billion, employing 50,000 people, eventually, on the new site. It even anticipates some cities may have to create "special incentive legislation in order for the state/province to achieve a competitive incentive proposal", it writes in its request for proposals.

Several big cities such as Denver and Atlanta are seen as front runners. And various publications have analyzed cities' chances of landing this deal. Amazon estimates its investments in Seattle, where it is now headquartered, from 2010 through 2016 resulted in an additional $38 billion to the city's economy. "The mayor of one city, and forgive me".

There's also plenty of videos of mayors asking Amazon's voice recognition personal assistant Alexa where the company should locate. Guess what the answer is?

On the wanted list of this $135 billion company: a metro area of a million or more people, access to mass transit and proximity to an global airport.

But, the reality is there's probably no North American metro area that has everything Amazon's looking for - especially a ready-to-go workforce of 50,000 professionals.

The city does not have light rail mass transit, but it has a bus system with dedicated lanes. "We've got a lot of diverse sites, not just here in DeKalb".

Kristopher Larson with the Grand Rapids Downtown Development Authority acknowledges the city is a longshot but hopes the quality of life here will grab the attention of a certain Amazon CEO.

Economic development officials are putting the final touches on Minnesota's pitch to secure a new Amazon.com headquarters, just days before the Seattle-based online retailer's deadline for proposals. She says this is a learning experience. We built these cities, and we want to make sure they remain ours.

The company's record in Seattle has cities looking to boost their local economies buckling at the knees. "It's always an unfair, unlevel playing field when government is picking winners and losers and saying 'we're going to give you guys a tax break and not you". So, Klohs says Grand Rapids can't lose by trying to win over Amazon.

"We love jobs, we love technology, and we love convenience", the letter says, "but what you're looking for will impact every part of our cities". "We owe [it to] our community ... that we put our best foot forward".



Like this

Latest


17 October 2017
ConAgra Brands, Inc. (CAG) Investment Increased by West Oak Capital, LLC
ConAgra Foods, Inc. (NYSE:CAG) touched its 1-Year High price of $41.68 on 03/01/17 and its 1-Year Low price of $32.16 on 08/30/17. It turned negative, as 60 investors sold CAG shares while 222 reduced holdings. 28 funds opened positions while 74 raised stakes.

17 October 2017
Sachin Tendulkar's daughter Sara Tendulkar's 'tweet' nearly creates disaster, read on
How will you react if you get a tweet from none other than Sara Tendulkar , the daughter of "god of cricket" Sachin Tendulkar? The Master Blaster's most recent tweets suggest that he is anxious about his children - Sara and Arjun's public image.

17 October 2017
Dates set for Socceroos-Honduras World Cup qualifier
The bad news it has to play home and away against Australia on November 10 and 15. Australia's next World Cup play-off opponents Honduras are now 69 in the world.

17 October 2017
Ubiquiti Networks Inc's (NASDAQ:UBNT) Sentiment is 0.76
The value of the investment in Ubiquiti Networks, Inc. went from $946,000 to $7,000,000 a change of 640.0% since the last quarter. To measure price-variation, we found UBNT's volatility during a week at 2.8% and during a month it has been found around 3.98%.

17 October 2017
Doctors have found a link between hair dye and cancer
She said they observed a "statistical association" between the use of hair colour and risk of breast cancer, The Independent reports.

17 October 2017
MCX unveils India's first option trading in gold on Dhanteras
Finance Secretary Ashok Lavasa and Prime Minister's Economic Advisory Council Chairman Bibek Debroy were also present at the event.

17 October 2017
Glu Mobile Inc. (NASDAQ:GLUU) 52 Week High stands at 4.51
Finally, BidaskClub upgraded Glu Mobile from a "buy" rating to a "strong-buy" rating in a research report on Monday, July 24th. Centurylink Inc now has $10.96B valuation. 1 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell.

17 October 2017
MH370 mystery to FINALLY be solved? Malaysia considering proposals to reopen search
Said to be most favoured by the government is the "no-find, no-fee" offer by U.S. company Ocean Infinity. Australian media has reported that the search could be back underway as soon as next week.

17 October 2017
Lenovo To Release The Moto X4 In India On October 3
Moto has also tweaked the software a bit to include some Moto-specific features, the Moto actions and one-button navigation. ALong with this, this, the smartphone comes with Amazon Alexa voice assistant in addition to Google's Assistant .

17 October 2017
Relive Anil Kumble's 'Perfect 10' on his 47th birthday
Sehwag is also good with his archive photos and his social media team must have dug deep to find the flawless one for this day. Interestingly, Sehwag in his tweet pointed out that Kumble's birthday falls on the special occasion of Dhanteras .



Recommended