Author Topic: Amazon HQ2  (Read 11083 times)

Offline skyguy918

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Re: Amazon HQ2
« Reply #15 on: November 14, 2018, 12:37:16 PM »


The tax money earned will dwarf the incentives.
This is highly debateable, but perhaps more importantly, extremely difficult to measure.

Offline yesitsme

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Re: Amazon HQ2
« Reply #16 on: November 14, 2018, 12:59:01 PM »
I skimmed through it, and no, but I disagree with most of the stuff she says.

Based on what I've read, she doesn't have any clear points.
what do expect she's a dem :o

Offline Menachem613

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Re: Amazon HQ2
« Reply #17 on: November 14, 2018, 12:59:25 PM »
The only thing that is certain is the tax breaks. 

Offline Ephraimh

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Re: Amazon HQ2
« Reply #18 on: November 14, 2018, 04:14:15 PM »
Are people working for Amazon in LIC really going to live in Brooklyn?
Of course, a potential condo buyer is going to face two options, pay $1,300/square foot for the luxury of having a short 10 minute commute to work everyday, or pay $900/square foot and commute 40 minutes everyday, two markets, and enough people to fill both.

Offline Ephraimh

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Re: Amazon HQ2
« Reply #19 on: November 14, 2018, 04:26:36 PM »
With a population of over 8.5 million people, how is 25,000 jobs going to affect NYC?!
It's all hype imho.
https://nypost.com/2018/11/13/the-amazon-deal-is-no-win-for-new-yorkers/
Highly discounts the fact that 25k jobs was the minimum for them to sign contract.. for certain tax breaks to kick in theyíll have to meet 40k jobs, also, every direct job generates on average 2.5 indirect jobs.. and besides, by amazon picking NYC (and Google announcing last week) itíll inevitably attract more Silicon Valley type activity in the coming years.

Offline mercaz1

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Re: Amazon HQ2
« Reply #20 on: November 14, 2018, 04:26:40 PM »
easier to live in Queens and commute to LIC than Brooklyn

Offline skyguy918

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Re: Amazon HQ2
« Reply #21 on: November 14, 2018, 04:59:18 PM »
...every direct job generates on average 2.5 indirect jobs...
Source?
...and besides, by amazon picking NYC (and Google announcing last week) itíll inevitably attract more Silicon Valley type activity in the coming years.
First of all, inevitably is way too strong a term. Google already had a strong presence, which they're expanding. How do you even begin to quantify what Amazon coming to NYC will add on top of that? And second of all, Google is the perfect foil to this whole Amazon discussion. Did NYC have to offer Google targeted incentives?

Offline Ephraimh

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Re: Amazon HQ2
« Reply #22 on: November 14, 2018, 05:28:32 PM »
Source?
Hereís one thatís at a 2.5 multiplier, Iíve seen a 4 multiplier report as well, Iíll look for it if youíre really curious, I think the average is 2.5...

https://research.upjohn.org/cgi/viewcontent.cgi?referer=&httpsredir=1&filename=0&article=1037&context=up_technicalreports&type=additional

First of all, inevitably is way too strong a term. Google already had a strong presence, which they're expanding. How do you even begin to quantify what Amazon coming to NYC will add on top of that?
Amazons #1 priority by far in this search was talent, theyíve said it multiple times, they had data on 239 American cities and chose NYC, Googles expansion last week wasnít pulled out of a fortune cookie either, they saw talent as well, other tech companies will inevitably try to get a piece of that talent.

And second of all, Google is the perfect foil to this whole Amazon discussion. Did NYC have to offer Google targeted incentives?
No, and that makes Bezos a genius.. but he didnít do it for incentives (other cities offered 3 times the incentives and didnít get it) he did it for talent (and location).

Offline Dan

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Re: Amazon HQ2
« Reply #23 on: November 14, 2018, 05:29:17 PM »
Of course, a potential condo buyer is going to face two options, pay $1,300/square foot for the luxury of having a short 10 minute commute to work everyday, or pay $900/square foot and commute 40 minutes everyday, two markets, and enough people to fill both.
Amazon jobs aren't going to saturate Brooklyn. They can find places to live in Queens cheap and expensive that will be more convenient.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline Dan

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Re: Amazon HQ2
« Reply #24 on: November 14, 2018, 05:30:15 PM »
No, and that makes Bezos a genius.. but he didnít do it for incentives (other cities offered 3 times the incentives and didnít get it) he did it for talent (and location).
More likely a weighted combination of the 3.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline Ephraimh

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Re: Amazon HQ2
« Reply #25 on: November 14, 2018, 05:35:09 PM »
Amazon jobs aren't going to saturate Brooklyn. They can find places to live in Queens cheap and expensive that will be more convenient.
You aware that Brooklyn is a 2 minute drive (over a small bridge) from LIC?

Offline Ephraimh

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Re: Amazon HQ2
« Reply #26 on: November 14, 2018, 05:37:21 PM »
More likely a weighted combination of the 3.
Agree. But not equally weighted.

Offline skyguy918

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Re: Amazon HQ2
« Reply #27 on: November 14, 2018, 05:38:35 PM »
Hereís one thatís at a 2.5 multiplier, Iíve seen a 4 multiplier report as well, Iíll look for it if youíre really curious, I think the average is 2.5...

https://research.upjohn.org/cgi/viewcontent.cgi?referer=&httpsredir=1&filename=0&article=1037&context=up_technicalreports&type=additional
There's no actual data in that link that backs up the use of any multiplier.

Amazons #1 priority by far in this search was talent, theyíve said it multiple times, they had data on 239 American cities and chose NYC, Googles expansion last week wasnít pulled out of a fortune cookie either, they saw talent as well, other tech companies will inevitably try to get a piece of that talent.
You realize you're making my point, right? You yourself are saying that the talent is here already, and these companies are moving here to tap into the pool. If other tech companies come as well, that would then be because of the talent, not because of Amazon.
No, and that makes Bezos a genius.. but he didnít do it for incentives (other cities offered 3 times the incentives and didnít get it) he did it for talent (and location).
The discussion is whether NY is making a good deal here or not. If you're saying Bezos/Amazon would've come here anyway, then NY is throwing away taxpayer dollars on this deal.

Offline whYME

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Re: Amazon HQ2
« Reply #28 on: November 14, 2018, 06:10:43 PM »
No, and that makes Bezos a genius..
Either that or it just makes deBlasio an idiot...

Offline skyguy918

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Re: Amazon HQ2
« Reply #29 on: November 14, 2018, 06:20:03 PM »
Either that or it just makes deBlasio an idiot...
Cuomo, not deBlasio. The money they're supposedly getting from NYC is from existing programs.