What can we learn from the collapse of the Amazon deal?

From the editorial board of the New York Post –

Amazon’s decision to drop its New York City expansion plan is a loss for the city and for the company — with lessons for both sides, and for the politicians who brokered the now-failed deal.

New York needs to think about how the local economy is to keep growing, with new middle-class jobs. The “bribe big companies to move in, then demand more concessions” model plainly isn’t going to work.

Amazon, meanwhile, ought to realize that holding a national competition, apparently to see who’d offer the most subsidies, can only guarantee suspicion about whatever deal you wind up getting.

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About Radnor Reports

Ken Feltman is past-president of the International Association of Political Consultants and the American League of Lobbyists. He is retired chairman of Radnor Inc., an international political consulting and government relations firm in Washington, D.C. Known as a coalition builder, he has participated in election campaigns and legislative efforts in the United States and several other countries.
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