Amazon tax breaks sought by JPMorgan Chase’s Jamie Dimon – Finance News

on Feb28

27 February 2018 | 4:00 pm

(Bloomberg) — Jamie Dimon wants the Jeff Bezos deal.

The CEO of JPMorgan Chase & Co., which employs more than 250,000 workers, said he’ll call the governor of whichever state Amazon.com Inc. picks for its second headquarters and try to get the same benefits.

“I’m not kidding,” Dimon said. “You gotta fight for your company, folks, just keep that in mind. If you don’t, no one else does.”

Governors, mayors and bureaucrats across the U.S. and Canada have rolled out tax breaks and marketing campaigns to try to win Seattle-based Amazon’s second corporate seat, a project that’s expected to cost more than $5 billion and create 50,000 high-paying jobs over the next 10 to 15 years. Amazon narrowed the list to 20 cities last month and plans to make a decision this year.

Dimon also joked that he’d find out which state offered the second-best package to Amazon and move 50,000 people there to get that deal.

Read more:
Chicago’s offer to Amazon: $2.25 billion in incentives
Amazon’s HQ2 in Chicago? These students would be so psyched.
Land Amazon, lose money?



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