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Started By
Message
NY state Budget Director from the top rope
Posted on 2/23/19 at 4:26 pm
Posted on 2/23/19 at 4:26 pm
As just about everyone in this state, if not the country, knows by now, Amazon has terminated its plans to bring its second headquarters to New York State. It is a tremendous loss for New Yorkers and I hope that at a minimum, we understand the lessons learned.
"In my 23 years in the State Capitol, three as Budget Director, Amazon was the single greatest economic development opportunity we have had. Amazon chose New York and Virginia after a year-long national competition with 234 cities and states vying for the 25,000-40,000 jobs. For a sense of scale, the next largest economic development project the state has completed was for approximately 1,000 jobs. People have been asking me for the past week what killed the Amazon deal. There were several factors.
LINK
"In my 23 years in the State Capitol, three as Budget Director, Amazon was the single greatest economic development opportunity we have had. Amazon chose New York and Virginia after a year-long national competition with 234 cities and states vying for the 25,000-40,000 jobs. For a sense of scale, the next largest economic development project the state has completed was for approximately 1,000 jobs. People have been asking me for the past week what killed the Amazon deal. There were several factors.
LINK
14
Posted on 2/23/19 at 4:28 pm to Lsujacket66
NO Jobs for the unwilling!!
Posted on 2/23/19 at 4:31 pm to Lsujacket66
There are some legitimate concerns to go around but they missed out for sure
Posted on 2/23/19 at 4:34 pm to Lsujacket66
Learn to code
Posted on 2/23/19 at 4:35 pm to bmy
quote:
There are some legitimate concerns to go around but they missed out for sure
$3 billion incentives for $27 billion on returns over 20 years.
Posted on 2/23/19 at 4:35 pm to Lsujacket66
quote:
Furthermore, opposing Amazon was not even good politics, as the politicians have learned since Amazon pulled out. They are like the dog that caught the car. They are now desperately and incredibly trying to explain their actions. They cannot.
Pretty good take on the situation. The unions and a few politicians thought they could fleece Amazon and found out the hard way that Amazon didn’t need NY.
Posted on 2/23/19 at 4:38 pm to Lsujacket66
Good read... excellents points made. Thanks for sharing.
Loved the comparision to the Dog that caught the car, oh crap... what now?
and the 70% silent majority of New Yorkers that supported the project got whipped by a small VOCAL minority. Hard lesson learned from those that sat idle.
Loved the comparision to the Dog that caught the car, oh crap... what now?
and the 70% silent majority of New Yorkers that supported the project got whipped by a small VOCAL minority. Hard lesson learned from those that sat idle.
Posted on 2/23/19 at 4:39 pm to bmy
quote:
There are some legitimate concerns to go around but they missed out for sure
Right like "how many if those jobs are going to local NYers"
Your iq level is in par with aoc
Posted on 2/23/19 at 4:39 pm to OnTheGeaux
quote:
and the 70% silent majority of New Yorkers that supported the project got whipped by a small VOCAL minority. Hard lesson learned from those that sat idle.
frick'em. Someday they'll learn that the Dem's don't have their best interests at heart. Neither does the GOP. You have to vote their asses out when they let you down.
Posted on 2/23/19 at 4:40 pm to OnTheGeaux
quote:
and the 70% silent majority of New Yorkers that supported the project got whipped by a small VOCAL minority. Hard lesson learned from those that sat idle.
Maybe the "70% silent majority" should quit electing assclowns to every single office they have an election for
Posted on 2/23/19 at 4:40 pm to lsufan1971
quote:
They are like the dog that caught the car. They are now desperately and incredibly trying to explain their actions. They cannot.
This is what mob rule by uninformed masses (and led by uninformed leaders) looks like.
Posted on 2/23/19 at 4:40 pm to Lsujacket66
Scathing
quote:
Incredibly, I have heard city and state elected officials who were opponents of the project claim that Amazon was getting $3 billion in government subsidies that could have been better spent on housing or transportation. This is either a blatant untruth or fundamental ignorance of basic math by a group of elected officials. The city and state 'gave' Amazon nothing. Amazon was to build their headquarters with union jobs and pay the city and state $27 billion in revenues. The city, through existing as-of-right tax credits, and the state through Excelsior Tax credits - a program approved by the same legislators railing against it - would provide up to $3 billion in tax relief, IF Amazon created the 25,000-40,000 jobs and thus generated $27 billion in revenue. You don't need to be the State's Budget Director to know that a nine to one return on your investment is a winner.
Posted on 2/23/19 at 4:44 pm to Lsujacket66
quote:
We underestimated the effect of the opposition's distortions and overestimated the intelligence and integrity of local elected officials.
Best line in that article. Posted on 2/23/19 at 4:46 pm to SDVTiger
quote:
Right like "how many if those jobs are going to local NYers"
It can do a lot of damage to housing affordability too
This post was edited on 2/23/19 at 4:46 pm
Posted on 2/23/19 at 4:47 pm to bmy
quote:
It can do a lot of damage to housing affordability too
Posted on 2/23/19 at 4:47 pm to Lsujacket66
quote:
Amazon was the single greatest economic development opportunity we have had. Amazon chose New York and Virginia after a year-long national competition with 234 cities and states vying for the 25,000-40,000 jobs. For a sense of scale, the next largest economic development project the state has completed was for approximately 1,000 jobs.
what an interesting letter. good god. Can AOC be recalled?
Posted on 2/23/19 at 4:49 pm to SDVTiger
You gotta take the good with the bad and NY fricked themselves
Posted on 2/23/19 at 4:49 pm to bmy
quote:
It can do a lot of damage to housing affordability too
Because living in Manhattan is so affordable now?
Posted on 2/23/19 at 4:51 pm to Bard
quote:
Because living in Manhattan is so affordable now?
Exactly what an idiot. There is no affordability housing anywhere near NYC
Posted on 2/23/19 at 4:52 pm to Bard
quote:
Because living in Manhattan is so affordable now?
Harlem isn't too bad nowadays supposedly
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