Chicago Officially Submits Bid For Amazon’s HQ2

Chicago Officially Submits Bid For Amazon’s HQ2


STATE LOOKS AT . WE HAVE OUR FIRST CLUE HOW MUCH IT MAY COST TO GET THE AMAZON HEADQUARTERS. NEW JERSEY IS OFFERING $7 BILLION TO LAND THEM IN NEWARK. Reporter: NEITHER THE MAYOR NOR THE GOVERNOR ARE WILLING TO SAY JUST YET HOW MUCH COLD, HARD CASH THE CITY AND SIT ARE OFFERING TO LURE AMAZON. OUR PLAN IS NOT TO TALK ABILITY DETAILS IN OUR PLAN UNTIL ALL OTHER BIDS HAVE BEEN SUBMITTED. Reporter: THE NEW JERSEY GOVERNOR IS TALKING ABOUT HIS OFFER TO BRING AMAZON. $7BILLION IN TAX WAIVERS INCLUDES FIVE BILLION IN STATE TAXES, ONE BILLION IN CITY PROPERTY TAXES AND ANOTHER BILLION IN WAGE TAXES. . WHEN YOU HAVE THE BEST EDUCATED WORK FORCE WITH THE BEST INSTITUTIONS OF HIGHER EDUCATION GAME, SET, MATCH. Reporter: STILL NOT EVERYBODY VIEWS CHICAGO SO WELL. MOODY’S RATED METRO AREAS ACCORDING TO AMAZO, IN,’S DESIRES, AUSTIN CAME IN FIRST, FOLLOWED BY ATLANTA, PHILADELPHIA, PITTSBURGH AND NEW YORK CITY. CHICAGO RANKED 25th. THE MAYOR COUNTERED WITH ANOTHER RATING. THIS ONE FROM A MAGAZINE. CHICAGO, 30 YEARS THEY DO A SURVEY OF ALL THE READERS WAS JUST RATED AS THE BEST BIG CITY IN AMERICA. Reporter: HE NOTED THE STAKES ARE HIGHER THAN OFTEN SAID. LET’S BE CLEAR IT’S NOT ONLY 50,000 JOBS. IT’S PROBABLY 120,000, MAYBE 140,000 JOBS IN TOTAL BECAUSE EACH JOB THEY BRING, AT OVER $100,000 IN SALARY BRINGS OTHER JOBS AND SUPPORT SERVICES. Reporter: A GREAT ECONOMIC BOOST. THE MAYOR INSISTS CHICAGO’S PROPOSAL WOULD BE COMPETITIVE WITH INCENTIVES OFFERED IN OTHER CITIES BUT HE SUGGESTED THAT CHICAGO MAY BE ABLE TO OFFER LESS IN CASH BECAUSE OF ITS MANY OTHER THINGS TO OFFER. THE GOVERNOR SAID THAT WE SHOULD GET SOME DETAILS ON CHICAGO’S PROPOSAL AS EARLY AS THURSDAY OR FRIDAY. THE BIDS CONCLUDE AT THE END OF BUSINESS THURSDAY SO WE ARE SUPPOSED TO GET A PEEK SHORTLY AFTER THAT. ALL RIGHT. MANY OTHER THINGS GREAT BUT THE MONEY WILL BE THE KEY. WE DON’T KNOW HOW MUCH THEY WILL WEIGHT ALL THE FACTORS. THEY TALKED ABOUT TRANSPORTATION, TALENT, THE AIRPORT, MASS TRANSIT. HOW MUCH WEIGHT THEY PUT ON EACH OF THOSE FACTORS AND CASH WE WILL FIND OUT.

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