Economics
At $61,000 Per Amazon Job, New York Pays Twice What Virginia Does
- Washington suburb spending about half of New York investments
- Amazon presence to diminish office vacancies, spur investment
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In the sweepstakes over Amazon’s second headquarters, Virginia got a bargain -- at least compared with its northern counterpart, New York City.
Virginia’s state and local governments agreed to shell out as much as $796 million in tax incentives and infrastructure improvements over the next 15 years in exchange for 25,000 well-paying tech jobs. That works out to just under $32,000 per job -- about half of the $61,000 per job that Amazon said it will receive from New York to create the same number of jobs at the site in Long Island City in Queens.