What Is A Good Economic Development Deal? Hint: Not The New York Amazon One

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What Is A Good Economic Development Deal? Hint: Not The New York Amazon One
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The Amazon debacle has prompted a nationwide question: what makes a taxpayer-supported economic deal “good?'

Share to twitterNew York City Councilman Jimmy Van Bramer, center, speaks during a conference in Gordon Triangle Park in the Queens borough of New York, following Amazon's announcement it would abandon its proposed headquarters for the area, Thursday Feb. 14, 2019. , stakeholders continue to urge Amazon to reconsider its decision.

For me, the question on the Amazon New York deal is not whether New Yorkers want Amazon to come to Queens and create 25,000 jobs. Amazonincrease this number substantially regardless of whether taxpayers give Amazon $1.7 billion dollars or not. There is no question that Amazon has the right to locate its facility in Long Island City without public involvement in that decision.

When individual welfare recipients are required to sign dozens of complex documents and demonstrate that they are “earning” their small grants, big businesses that are set to receive millions and billions in taxpayer contributions need to be held to even higher standards.

If, for example, New York needs more middle-skilled jobs, then officials could have asked Amazon to define the projected 25,000 jobs and the required skill level.

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