Newark, New Jersey — $7 billion
New Jersey Gov. Chris Christie and state legislative leaders said they would offer Amazon tax breaks worth $7 billion over the next decade if the company decides to build in Newark, according to Bloomberg.
The plan would expand a subsidy program called Grow NJ, and provide economic incentives for companies (like Amazon) that launch "transformative projects" (like HQ2).
The state proposed a bill that would raise the cap on tax subsidies from $5,000 to $10,000 for every job Amazon creates. Christie said he expected the bill to be signed into law by mid-January.
Irvine, California — $5 billion
Donald Bren, the multi-billionaire owner of the development firm Irvine Company, said he would bankroll the entire construction of HQ2 — which Amazon expects to cost $5 billion — if the company chooses Irvine, California.
Bren outlined his offer in an October 12 letter to Amazon CEO Jeff Bezos.
"In essence, you would have a one-click shopping opportunity and be able to capitalize on our in-place property development rights, thus avoiding potential delays, because Irvine Company has invested more than 60 years master planning 93,000 acres of land, and designing and overseeing the creation of the largest new city in America…Irvine, California," he wrote.
Philadelphia, Pennsylvania — $2 billion to $3 billion
The state of Pennsylvania is reportedly offering Amazon "more than $1 billion" in tax breaks for its campus, according to The Philadelphia Inquirer.
Philadelphia submitted a separate bid, and is reportedly considering a tax exemption worth up to $2 billion over 10 years.
Maryland — tax incentives "in the billions of dollars"
Maryland governor Larry Hogan would not disclose specifics about the tax incentives in the state's HQ2 bid.
But the Baltimore Sun reported that Maryland's incentive package totals somewhere "in the billions of dollars."
Baltimore City as well as Charles, Howard, Prince George's, and Montgomery counties are also submitting separate proposals that could include additional tax breaks for the company.
Worcester, Massachusetts — $500 million
Worcester, a city an hour west of Boston, Massachusetts, said it's willing to grant $500 million in real-estate tax exemptions and a 100% personal property tax exemption for 20 years to Amazon employees, according to WBUR.
The city's 60-page HQ2 proposal also mentions the possibility of additional tax credits for investment and research and development.
Chula Vista, California — $400 million
Chula Vista, a city 10 miles outside of downtown San Diego, California, is offering Amazon a $400-million tax incentive package, a spokesperson from the city told Business Insider.
Its 25-page bid, called "Welcome Home Amazon," also promises to give Amazon 8 million square feet of space and proposes the construction of "the world's first binational university" (with campuses in California and Mexico).
California — $300 million to $1 billion
California's governor's office will offer $300 million to Amazon in tax breaks if it picks a city in the state, Reuters reports.
But a bill introduced on Thursday in California's state assembly could give the company even more — up to $1 billion in tax breaks over 10 years.
Source: Business Insider India