Christie looks to lure Amazon to New Jersey with $5 billion in tax breaks
Chris Christie, the outgoing governor of New Jersey, has made a bold Hail Mary pass in hopes of winning his state Amazon’s new headquarters.
Gov. Christie, who leaves office on Tuesday, January 16, has signed a tax incentive package worth as much as $5 billion, complete with tax breaks and other promises — a move to encourage Amazon to establish its new North American headquarters in the city of Newark. The deal easily sailed through the Democrat-led Legislature with strong support on both sides of the aisle.
“Today's bipartisan action proves that nobody in any other state wants Amazon's HQ2 more than New Jersey and the city of Newark, and there is nowhere better for this tremendously innovative job creator to grow and thrive," Christie said in a statement. "It shows we deliver on our promises."
The $5 billion proposed incentive from New Jersey is one of the biggest moves in a race that has seen nearly all 50 states try to attract Amazon with tax breaks and other offers. The new headquarters, called HQ2, is a $5 billion investment that promises to create 50,000 jobs. The online giant will announce its choice later this year.
Amazon has received 238 bids from cities and regions across the United States, Canada and Mexico. Only seven U.S. states did not bid: Arkansas, Hawaii, Montana, North Dakota, South Dakota, Vermont and Wyoming, reported Politico.
Gov. Christie, who leaves office on Tuesday, January 16, has signed a tax incentive package worth as much as $5 billion, complete with tax breaks and other promises — a move to encourage Amazon to establish its new North American headquarters in the city of Newark. The deal easily sailed through the Democrat-led Legislature with strong support on both sides of the aisle.
“Today's bipartisan action proves that nobody in any other state wants Amazon's HQ2 more than New Jersey and the city of Newark, and there is nowhere better for this tremendously innovative job creator to grow and thrive," Christie said in a statement. "It shows we deliver on our promises."
The $5 billion proposed incentive from New Jersey is one of the biggest moves in a race that has seen nearly all 50 states try to attract Amazon with tax breaks and other offers. The new headquarters, called HQ2, is a $5 billion investment that promises to create 50,000 jobs. The online giant will announce its choice later this year.
Amazon has received 238 bids from cities and regions across the United States, Canada and Mexico. Only seven U.S. states did not bid: Arkansas, Hawaii, Montana, North Dakota, South Dakota, Vermont and Wyoming, reported Politico.