workers. here s where the rubber hits the road. amazon said it will invest $5 billion in the new facility in return negotiated $2.8 billion in incentives from new york, virginia and tennessee. here s the state-by-state breakdown of what they re getting $1.85 billion from new york, virginia gave $819 million, nashville $102 million in incentives. this leaves many people wondering about the tech giant s decision for this contest-like approach, pitting 238 cities against one another in a search that only resulted in choosing the two obvious east coast hubs. now that they ve settled on location that are not by any measure in desperate need of this, some are saying the venture is corporate welfare, the practice of offering incentives in exchange for a company to move into or stick around is fairly common. one conservative estimate suggests cities and states give away $70 billion every year when they offer concessions to companies in exchange for many
will they reinvigorate? what will they change, yeah, yeah. jeff basezos choose the two presidentie preetiest girls in school already. 22 cities had given you an insurmountable amount of data. about every possible consumer in that region. and you gave them nothing back but a sorry char licharlie, i mg nyc. on the first level of absurdity, why does it take 13 months and 238 city applications to learn to pick the new york city area anyway. just maybe should expand its footprint. in new york city, it s such an obvious decision. i think a lot of people feel they were hoodwinked. if you re going to spread out the map and say we can go to toledo, columbus, chattanooga,
new york city and suburban washington, d.c., the epicenters of commerce and government. can you believe it? what are the odds? makes you wonder if the other 238 cities ever stood a chance at all. sorry, indianapolis. thanks for playing. good try, greenville, spartanville, south carolina, you re still a winner in our book. close but no cigar pawtucket central falls, rhode island. best of luck in the coming fiscal year. so new york city and washington, d.c. it is. hey, alexa, how do you define predictable? e predicta ble? so all. evening long. ooh, so close. yes, but also all. night through its entirety. come on, all. the time from sunset to sunrise. right. but you can trade. from, from. from darkness to light.
city and washington. i m not a genius but i predicted washington, d.c. on the december day a year and a half ago they announced it. in january when they put the finalist list up, i predicted it would be d.c. or new york. okay, it s d.c. and new york. look, what they did was crowd source information from 238 communities across north america. details. incentives, labor markets, talent programs. and look, this was never about 1hq2. think about the national deal, not only new york and d.c., tech functions and link to the cloud in dod in d.c., nashville will get a logistic hub and pittsburgh maybe a hub. austin gets an r&d center. amazon has nchks nincentives no
on sites, but others. they need to get together and stop the insanti. they know where they re going. but here s the thing, the press has gone negative, terribly negative. i never thought we would see this day that people are writing headlineses like scam-a-zon. i m a big customer of amazon. i m a prime customer. they have a billion dollar brand, is it worth it? a company taking in tens of billions every quarter y. not do this, why not say enough is enough, we interviewed 238 communities. we want to be a good corporate citizen. why would you bankrupt your new town, at one point, $8.5 billion in new york? that s crazy. if you re a property owner in these locations, things are good for you. if you re a renter, once again you have this problem. people in long island city live there because they don t live in new york city, it s a little cheaper over there and now that s going to be become more expensive. here s the hypocrisy, we have