Especially when Amazon could have easily placed their new offices in lower tax or tax free zones.
By the definition of cost I think your comment refers to, it doesn't. But be aware that adding a company that size and all the employees that will follow will cost the city money.
> Especially when Amazon could have easily placed their new offices in lower tax or tax free zones.
By the definition of cost I think your comment refers to, this also wouldn't have costed the taxpayer anything ¯\_(ツ)_/¯.
I mean, one problem in this whole assumption to me seems whether Amazon even can more than double in size. If Amazon plans on growing its white collar workforce from 40k to 100k, presumably it needs to double its revenue. We are also assuming that they double revenue/headcount without increasing Seattle headcount, wage growth, or that automation reduces the need to increase headcount. All of this is possible, but it isn't necessarily a shoe in that Amazon even pulls this off.
Another thing that seems to be overlooked is at what price would have Amazon still made the same decision? Could NYC offer $1B in incentives, and Amazon makes the same choice? By helping Amazon artificially lower costs, how does this impact New York businesses like IBM and the many fashion retail brands?