New Jersey Promising $7 Billion for Amazon HQ2, Christie ApprovesLast Edited:
States across the country continue their battle to become the home of Amazon's second headquarters, and are offering up some big deals to make it happen.
New Jersey is promising up to $7 billion in state and local tax credits to persuade Amazon to build it HQ2 in Newark.
The State Legislature sent a bill to Governor Chris Christie last week, which he signed Thursday, January 11th.
The bill also promises property tax abatement to Amazon.
New Jersey has been publicly open about its promises, unlike more than 15 other states who are refusing to release the offers they made to Amazon.
Many said they are not releasing information because it is a "trade secret" or "confidential".
The new Amazon HQ2 is expected to bring 50,000 jobs to the area the company chooses to build in as well as boost the economy by billions of dollars there.
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