(DON C. BRUNELL/Don C. Brunell is a business analyst, writer and columnist. He retired as president of the Association of Washington Business, the state’s oldest and largest business organization, and now lives in Vancouver. He can be contacted at theBrunells@msn.com.)
The circumstances leading to Amazon’s decision to scrap its New York City project are trends corporate leaders need to examine closely. There are cultural and political shifts in America which are changing the way business is done.
Amazon walked away from its deal struck with New York Gov. Andrew Cuomo and New York City Mayor Bill de Blasio which would create 25,000 new jobs and add $27 billion in new city and state tax revenue. In return, Cuomo and de Blasio, who actively courted Amazon, promised $3 billion in government incentives – a lightning rod among opponents.
The selection came after an extended closely-guarded process in which more than 230 North American cities bid on Amazon’s HQ2. To the amazement of many business analysts, Amazon selected New York City and Crystal City, Virginia as the winners. More