Category Archives: Amazon

Chicago Offers Amazon Income Tax Diversion Program As Incentive to Build Headquarters In Their City

Amazon is planning on building a second headquarters in the United States. They are not yet sure which city they want to build their headquarters in. Some cities, realizing the great opportunities for jobs and the economy that a second Amazon headquarters would offer, are offering Amazon incentives for them to build their headquarters in their city.

Chicago is offering Amazon an interesting kind of incentive. They are offering the personal income taxes that Amazon’s workers will pay. Instead of the taxes being kept by the government, Chicago is offering to give Amazon the 1.32 billion dollars in personal income taxes that its workers will pay.

The new headquarters would cost around $5 billion and would employ around 50,000 workers. They will choose the city that they will build their headquarters in at the beginning of next year. With Chicago’s offer, the workers will continue paying the taxes, but the government will let Amazon keep the money instead of keeping it themselves.

This is not the first time that a city has offered such a program. There are almost two dozen programs in the United States that work in a similar way. Cities know that by having big companies such as Google, Target, Sears, and Amazon in their city, they will have a better economy because there will be more job opportunities. Some are offering personal income tax diversion programs to those companies, just like Chicago is doing.

Amazon has received hundreds of offers from various cities. However, most of these offers have not yet been made public. Therefore, we do not know the exact details of Chicago’s offer. However, we do know that it is part of their new Edge program, which was just relaunched in September. Edge stands for Economic Development for a Growing Economy.

Amazon Planning a Real Bookstore

Amazon Is Planning a True Bookstore in New York

Everyone knows what Amazon is and uses it almost on a daily basis. So it’s no surprise that eventually the company might try a new way of selling products.

Amazon, the famous distribution giant, may very well open up their own physical bookstore and cafe in the Hudson Yard neighborhood on the west side of Manhattan. The New York Post was the one who first broke this news and although nothing is concrete as of yet, Amazon is very serious about making this move and pushing this deal forward as soon as possible.

This wouldn’t be the first time that Amazon has opened up an actual store, in fact it would be the third one they’ve opened, after opening one in Seattle and another planned on in San Diego. Some might suggest that opening a physical bookstore might not be their best move, considering they’ve been a huge factor in running other previous stores out of business. But at the same time, having a physical presence means Amazon can sell actual books and Kindle products, much like Apple has done by using stores to sell products and market new tools for customers to use.

Also helping out is the fact that Amazon is increasing the number of hardware products it offers, such as the Echo Speaker, something that customers can flock to more easily if it was seen on shelves. CEO Jeff Bezos has said that actual store expansion is necessary.