12/19/2018 | Holding Wall Street Accountable
Bad Deal, Bad Company, Bad Billionaire: How Proposed Taxpayer Subsidies for Amazon HQ2 Can Still Be Stopped
On November 13, 2018, Governor Cuomo, Mayor de Blasio, and Amazon.com, Inc. announced that the e-commerce giant would seek to build a massive corporate hub (part of what they originally billed as their second headquarters or HQ2) in Long Island City, Queens.
This report gives an overview of Amazon’s business model and how it harms workers and communities. It takes a look at the proposed $3 billion in corporate giveaways and highlights key ways that HQ2 would harm New York communities. Finally, it provides concrete ways that elected officials in New York can stop one of the largest corporate giveaways in New York history.
