Newark Gets Ready to Pitch Amazon a $1 Billion Tax Package for HQ2
- Contest for second headquarters heats up with decision soon
- City is competing with the likes of New York and Los Angeles
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As the battle to land Amazon.com Inc.’s second headquarters comes down to the wire, one of the less glamorous contenders just added as much as $1 billion in tax breaks to its pitch.
Newark, New Jersey, on Wednesday approved the big bag of cash, part of a $7 billion package the state is dangling in front of Amazon to capture HQ2, as it’s called. A trio of ordinances adopted at a city council meeting gives the payroll-tax exemptions to any company that creates 30,000 jobs and invests $3 billion in New Jersey’s largest city over the next 20 years.