The Hill: Tech Looks for Lessons From Amazon HQ2 Fight
media mentionAmazon’s decision to scrap its plans for a second headquarters in New York City, dubbed HQ2, stunned both the tech world and its critics this week, raising new questions about the industry’s ambitious expansion plans and their dealings with state and local governments.
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“Companies are going to be more cautious in how they go about negotiating these subsidy deals [after Amazon],” Carl Davis, research director of the Institute on Taxation and Economic Policy, told The Hill.
“I think it’s unrealistic to think they’re going to start turning down subsidies entirely,” Davis added. “But I think they’re going to know that if they push too hard and ask for too much and word gets out, the public may not view that favorably.”