Category Archives: Amazon

Arlington Reveals Massive Incentive Plan Designed to Lure Amazon

The secret is out. After much silence, the city of Arlington revealed its proposal to convince Amazon to build its much desired second headquarters within its borders. The Tuesday reveal came after city officials announced that it is was officially out of contention for being awarded the mega contract. Despite offering Amazon nearly one billion dollars in tax breaks and grants, the online retail giant passed over the shot at Arlington.

Although disappointed that Arlington lost out on the bid, Mayor Jeff Williams boasted about the potential of the site stating that the area has a great future in being a major player as a mixed-use district featuring a myriad of residential, commerce, and entertainment options. Tuesday’s announcement was the end to a process that began in September when Amazon solicited an unprecedented challenge to major metropolitan areas around the country to bid on the chance to house the new $5 billion facilities expected to employ more than 50,000 workers. The so-called HQ2 will be in addition to the company’s original headquarters located along Lake Union in Seattle, Washington.

Amazon revealed 20 finalists in January and the Dallas area made the cut. In order to protect the integrity of the process, Amazon asked that the proposals and the details surrounding the incentives be kept out of the public. However, Arlington officials made the decision to release the data following the news that the site was no longer in the running.

In addition to offering Amazon a 100 percent break of property taxes for the first decade of business, Arlington extended the company a land and infrastructure grant as well as various other tax breaks designed to make the offer more desirable.

Amazon Threatens Expansion Pause Over Proposed Tax Bill

Not so fast, says Amazon. The online shopping giant announced Wednesday that is pushing the pause button on plans to build a skyscraper in downtown Seattle to house more employees. The pause in construction is being seen as a protest against the city of Seattle and its proposed tax to fund homeless programs. The proposed bill would tax large employers in Seattle in an effort to raise money to combat the growing homeless population problem.

Amazon spokesman Drew Herdener said that the company might decide to sub-lease existing space for its expansion rather than continue the plans for the new skyscraper. The new building had plans to house approximately 7,000 workers in its Rainier Square location.

Seattle City Councilmember Kshama Sawant sees this as a political move by Amazon, accusing the company of “blackmail” to get out of paying the tax. Meanwhile, Seattle Mayor Jenny Durkan is continuing to work to mediate the situation and find a common ground solution that would appease all involved. Proponents of the tax measure state that it is necessary in order to help control one of the country’s worst homeless problems.

Boasting a $1.6 billion profit last quarter, Amazon is believed to be in a unique position to help the community. As the target of social justice ire for its lack of assistance, Amazon’s jab is seen by many as being hostile and not conducive to the goals of the city. City economic officials are worried that the possible pullback by Amazon is a sign of the time to come, as it is no secret that the company is actively expanding its offices elsewhere around the nation including a well-publicized search for a second headquarters location.

Jeff Yastine Reveals Why Investors should bet their money on mergers and acquisitions

If you follow up on business particularly the investment sector, you probably have come across the name Jeff Yastine. Jeff is a respected individual when it comes to investing. Over and over again, Jeff has continued to give tips here and there and many interested clients have gained great fortune at the end.

Well, for 2018, Jeff came up with the idea that mergers and acquisitions are the new investment platforms with a promising opportunity. For those who know Yastine and his experience in the field, placing the money is just a tap of a button. However, a few are willing to invest their money for 2018 but are yet to understand Yastine’s formulae.

First of all, investors have to understand that tax reform is playing a major role in understanding the strategy. The reform promises to bring down corporate tax rate to 21 percent as well loosen funds tied oversees. Secondly, Yastine takes into consideration the mood of American consumers. Currently, consumer spending is a one-month high. This trend has never been witnessed since the economy began shifting from recession about ten years ago.

The most crucial point to take home is understanding how corporations spend their dollars and that is usually defined by CEOs and their boards. Hence, judging from an M&A survey published by Deloitte Yastine strongly feel that mergers and acquisitions are the place to invest money in 2018.

According to the survey of interest, out of 1,000 executives in play, two-thirds stated they had an increase in revenue. To sweeten the deal, the two-thirds of the respondents hinted that they would use the cash to buy mergers and acquisitions which is a good message for those planning to listen to Jeff’s tactic.

Previous surveys have shown a large number of corporations seeking to place their money on organic investments or returning the money into business. Therefore, Yastine insists that investors should not hesitate after the fact that most of the corporations have hinted that their transactions will grow in number over the year. According to a report by Dealogic, the number of mergers and acquisitions had skyrocketed in 2017. Hence Jeff insists that investors should invest on individual stocks or exchange-traded funds then thank him later.

About Jeff Yastine

Jeff Yastine is a celebrated entrepreneur and his contributions to the investment sector has earned many of his clients’ great fortunes. Jeff schooled at the University of Florida where he earned a bachelor of arts in telecommunication (electronic journalism). Upon completing education, Jeff went ahead to seek employment and had a privilege of acquiring senior positions in various distinguished companies.

Until 2010, Jeff had an opportunity to work at PBS Nightly Business Report. The opportunity was a great milestone as he was in a position to interview great masterminds such as Richard Branson, Warren Buffet among many other successful individuals. His role at PBS saw him win a nomination for an Emmy for his excellence in availing reliable investment opportunities for clients. Today, Jeff works at Banyan Hill Publishing as an editorial director, a position that has seen him grab the attention of many clients as well as numerous awards.



Atlanta Is a Likely Candidate for Amazon’s New Headquarters

Amazon may choose Atlanta for the location of its second corporate headquarters, according to a recent report by GBH Insights. As explained by Business Insider, Amazon plans to invest $5 billion in its new 500,000-square-foot headquarters over the next 10 years, which will create an estimated 50,000 jobs.

Amazon has narrowed its selection down to 20 potential cities, including Atlanta, from an original pool of 238. While the online retailing giant hasn’t announced a selection yet, there’s strong evidence suggesting that it could be Atlanta.

After analyzing what they believe Amazon is looking for in the hometown of its new headquarters, GBH Insights researchers concluded that Atlanta is the most likely candidate, followed by Raleigh, Washington D.C., Boston and Austin. You may notice that all of these cities, with the exception of Austin, are located on the East Coast. Assuming Amazon chooses one of these cities, this will keep its new headquarters next to the country’s capital.

This isn’t the only report predicting that Amazon will choose Atlanta in which to build its new headquarters. Sperling’s Best Places also ranked the southern city as the leading contender.

Of course, countless other big-name companies already call Atlanta their home, including Coca-Cola, Delta, Newell Rubbermaid and Home Depot. One of the reasons Atlanta is such a popular choice for corporate headquarters is because of tax incentives. Furthermore, it has a relatively low cost of living when compared to other cities. With so many benefits, there’s a good chance that Amazon will construct its new headquarters in Atlanta.

New York City Struggles to Attract Amazon

Competition is heating up between New York City and Newark. Both cities have been named on Amazon’s shortlist for its new headquarters and they are offering tax incentives and prime locations to attract the online retailer to their city limits.

The hunt for Amazon’s new secondary headquarters began in September 2017 when the company announced that they were opening a new headquarters. With an estimated 50,000 jobs on the line, more than 230 cities across the United States, Canada and Mexico jumped at the chance to host the new site. Eager to attract the successful company, which has transformed Seattle into a bustling, modern city, hopefuls offered large tax breaks and launched PR campaigns to convince the retail giant to accept their proposals.

In January 2018, Amazon announced a 20-city shortlist for their new North American headquarters. New York City and Newark are among the final contenders, highlighting the Big Apple’s long-held rivalry with its New Jersey neighbor. With Amazon pledging to invest $5 billion into its new headquarters and its intention to spread out over 8 million square feet of real estate, a lot of money is on the line.

New York City hopes that its reputation as a hub of international business will convince Amazon to opt with the Empire State. The city also offers the largest number of tech workers; Amazon can draw from a pool of over 300,000 skilled workers if they opt for a New York location. Manhattan West is already home to a branch of Amazon, and Staten Island currently boasts a large Amazon distribution center. New York Governor Andrew Cuomo has confirmed that Amazon will receive an incentive package if they select New York as the site of their new headquarters.

Meanwhile, across the Hudson, Newark is touting its lower real estate prices and reduced cost of living. New Jersey is also dangling an attractive $7 billion incentive package in front of Amazon, hoping that offering the largest incentives will tip the scales in the state’s favor.

Despite the efforts of Newark and New York to attract Amazon, industry insiders have postulated that Boston, Austin or Atlanta will ultimately seal the coveted the deal. Amazon is expected to announce their final decision later this year.

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.