Cuomo says Amazon HQ will cost New York 'nada'
ALBANY, N.Y. (AP) — New York Gov. Andrew Cuomo says a deal to bring Amazon's second headquarters to Queens will cost the state "nothing" — even though taxpayers will be on the hook for $325 million in direct grants to the company.
Cuomo, a Democrat, went on New York City public radio Monday to defend the agreement, which also envisions $1.2 billion in state tax credits and more than $1 billion in additional incentives from New York City. Cuomo said despite the large investment, the city and state will come out ahead when billions of dollars in new tax revenues and economic activity from the company and its employees are factored in.
"These people who come to New York ...