(Erica Pandey – Axios)
In New York, official scrutiny is triggering doubts about the future of Amazon’s much-publicized $3 billion in concessions to build a new headquarters employing tens of thousands. And in Wisconsin, Foxconn has created uncertainty about whether it will fulfill promises to build a huge new factory employing 13,000 people.
Why it matters: Together, the deals cast unwanted new attention on breaks granted to big companies that pledge to hire thousands, often renege, and demand contracts that block disclosure of the arrangements. Click here to read more.
- Report: Who’s Afraid of Sunlight? (Washington Center for Equitable Growth)
- Foxconn Backtracks Over Promised Factory Jobs at $10bn Wisconsin Site (The Guardian)
- Sweeney Calls for Release of Companies That Failed to Deliver Promised Jobs (Burlington County Times)
- Amazon Wants to Come to New York; This Senator May Stand in the Way (New York Times)
- U.S. Banks Win US$21 Billion Trump Tax Windfall Then Cut Staff, Loaned Less (Bloomberg)