Fed's Kashkari Says Landing Amazon HQ2 Could Be a Money Loser
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Federal Reserve Bank of Minneapolis President Neel Kashkari said cities competing to land Amazon.com Inc.’s second headquarters may end up paying out more in subsidies than they receive back in benefits.
“I’m betting Jeff Bezos knows exactly where he wants to put his second headquarters and he’s getting all the cities to compete on who can write the biggest check,” Kashkari said Friday in an interview on CNBC television, referring to the online retailing giant’s chief executive. “I think that’s a money-losing investment for tax payers.”