Amazon wants to evenly divide its second headquarters between New York City and the Washington D.C. area. But the two cities aren't exactly splitting the very large bill.
In the company's Tuesday announcement revealing that its HQ2 will land in New York's Long Island City and northern Virginia's Crystal City, Amazon disclosed that New York would deliver $1.525 billion in "performance-based tax incentives" for its job-creating investment. Virginia, meanwhile, would deliver just $573 million — a third of New York's deal, Axios' Felix Salmon pointed out.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Deportations ensnare migrant families, U.S. citizensFeature Trump's deportation crackdown is sweeping up more than just immigrants as ICE targets citizens, judges and nursing mothers
-
Trump shrugs off warnings over trade war costsFeature Trump's tariffs are spiraling the U.S. toward an economic crisis as shipments slow down—and China doesn't plan to back down
-
A newly created gasoline giant in the Americas could change the industry landscapeThe Explainer Sunoco and Parkland are two of the biggest fuel suppliers in the US and Canada, respectively
-
Warren Buffet announces surprise retirementspeed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff displaySpeed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loomSpeed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of businessSpeed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
-
Trump's China tariffs start after Canada, Mexico pausesSpeed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
-
Chinese AI chatbot's rise slams US tech stocksSpeed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
-
US port strike averted with tentative labor dealSpeed Read The strike could have shut down major ports from Texas to Maine
