Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Feb 12, 2019

Newark Tells Amazon to Keep New Jersey in Mind If New York City Bails

(Bloomberg) -- Message to Amazon.com Inc. from Newark, New Jersey: If you get dumped, we're here for you.

As New York City council members and other critics seek to derail the $3 billion of government incentives extended to one of the world's most valuable companies to build a Queens headquarters, New Jersey's largest city says it remains an alternative. The renewed -- albeit one-sided -- courtship began about six weeks ago, according to Aisha Glover, chief executive officer of the Newark Alliance, which spearheaded a failed drive to draw Amazon and its expected 50,000 jobs.

“Our goal is to make sure we keep it in the region” should the Long Island City location fall through, Glover said by telephone. “We have reached out to express that our incentives on the state and city side have been passed, so there's more opportunity for them to be welcomed with ease.”

Amazon, whose plan to build a second headquarters outside Seattle led hundreds of U.S. municipalities to dangle offers, ultimately chose Queens and another site, in Arlington, Virginia. Newark had been among the finalists, with an incentives package of more than $7 billion from the state and city.

If Amazon has interest in Newark, a city finally on the upswing 50 years after race riots decimated the downtown, it may be playing hard to get.

“They haven't been specific in their response,” Glover said.

To contact the reporter on this story: Elise Young in Trenton at eyoung30@bloomberg.net

To contact the editors responsible for this story: Flynn McRoberts at fmcroberts1@bloomberg.net, William Selway

©2019 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search