Question

Amazon initially selected two locations for US headquarters-NYC and Northern Virginia. It recently withdrew from NYC due to opposition regarding the incentive costs and impact on the environment. New Jersey is also re-evaluating its incentive grant program.

In general, do you believe that state and local incentive programs are effective in maintaining or attracting corporate business?

Answer 1

US Economy was the Mixed Economy. Mixed Economy is the combination of both capitalism and socialism. In this type of economy, Government will support the Private Enterprise and also the Public Enterprise in order to ensure the Welfare of the all class of the people. The Economic stability also lies within the positition of Good Running of the Corporate Enterprise.

As above described, Amazon is one among the best corporate company in the US. The recent article flashed the news that Due to unfavourable Political Conditions, Amazon droped the activity of setting up the headquarters in NYC and North Virginia. But due to its unexpected incident, New York city has lost 25000 jobs. And also employees will be earning $150000 if those 25000 jobs were generated.

The Federal, State and Local Governments sanctions many affordable incentives to the Corporate Sectors. Corporate Sectors acts as a Special Economic Zone (SEZ) in which many Employment Generating Opportunities are created in the less-developed Area and also it will provide jobs to the people who are economically weaker in nature. The Resources says that And also few Manufacturing Units of 35 states in US was availing Tax Subsidies from the US Govt. for the goods they are manufacturing in their Production Units.

In Generally speaking, US Government has the responsibility of creating the Growth Opportunities of the all type of Industries. The Corporate business are given utmost importance to run thier business with sufficient Grants and Subsidies in the form of Local and State incentives given by the US Government in order to ensure the development of both interest of Producers and Sustainable and Reliable Wage Workers. Many Industrial Parks are serving as Umberella for those companies striving hard to develop their business.