Maryland Governor Unveils $5 Billion Package to Woo Amazon - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Maryland Governor Unveils $5 Billion Package to Woo Amazon

Posted: Jan 22, 2018 10:40 AM Updated:
(Photo: AP) (Photo: AP)

ANNAPOLIS, Md. (AP/WBOC)- Maryland's governor is trying to land Amazon's second headquarters by offering a $5 billion package of tax incentives and transportation upgrades.

Gov. Larry Hogan said in a statement Monday that the state is "committing all of the resources we have to bring it home to Maryland."

Montgomery County, Maryland, is one of 20 cities and regions that made the online retail giant's shortlist. Hogan's proposal includes the following tax incentives for a period of 10 years:

  • A state income tax credit equivalent to 5.75 percent of wages for each new qualifying headquarters job. To qualify, a job must be established within the first 17 years of the project and pay between $60,000 and $500,000.
  • A state and local property tax credit, including a requirement for the state to reimburse the local jurisdiction for half of the property tax that would have been collected.
  • A state sales and use tax exemption for construction material or warehousing equipment used in the project.

Amazon's search for the home of its second headquarters has triggered an unprecedented competition among governments around North America. The Seattle-based company promises to create 50,000 jobs. The retailing behemoth has made clear that tax breaks and grants will be a big factor in its decision.

  • Delmarvawide NewsDelmarvawide NewsMore>>

  • Police Investigating Pocomoke American Legion Shooting

    Police Investigating Pocomoke American Legion Shooting

    Feb 18, 2018 3:03 PM2018-02-18 20:03:00 GMT
    Sunday, February 18 2018 3:03 PM EST2018-02-18 20:03:08 GMT
    Pocomoke Police are investigating a shooting that happened at the American Legion early Sunday morning.More
    Pocomoke Police are investigating a shooting that happened at the American Legion early Sunday morning. More
  • Delaware State Auditor Does Not Seek Re-election

    Delaware State Auditor Does Not Seek Re-election

    Feb 17, 2018 11:41 PM2018-02-18 04:41:00 GMT
    Saturday, February 17 2018 11:41 PM EST2018-02-18 04:41:58 GMT
    DOVER, De.- Delaware state auditor, Tom Wagner, has announced he will not seek re-election this year. Wagner was appointed to the position in 1989 and was elected to his seventh term in 2014. He’s one of two Republicans elected to statewide office. More
    DOVER, De.- Delaware state auditor, Tom Wagner, has announced he will not seek re-election this year. Wagner was appointed to the position in 1989 and was elected to his seventh term in 2014. He’s one of two Republicans elected to statewide office. More
  • Maryland Statehouse Hopeful Says He'll Still Hold Gun Raffle

    Maryland Statehouse Hopeful Says He'll Still Hold Gun Raffle

    Feb 17, 2018 9:16 PM2018-02-18 02:16:00 GMT
    Saturday, February 17 2018 9:16 PM EST2018-02-18 02:16:48 GMT
    A candidate for a Maryland House seat has pledged to hold a campaign fundraiser that includes raffling off an AR-15 assault rifle, the same type used in the Florida school shooting this week.More
    A candidate for a Maryland House seat has pledged to hold a campaign fundraiser that includes raffling off an AR-15 assault rifle, the same type used in the Florida school shooting this week.
    More
  • Most Popular StoriesMost Popular StoriesMore>>

  • Delaware State Auditor Does Not Seek Re-election

    Delaware State Auditor Does Not Seek Re-election

    Feb 17, 2018 11:41 PM2018-02-18 04:41:00 GMT
    Saturday, February 17 2018 11:41 PM EST2018-02-18 04:41:58 GMT
    DOVER, De.- Delaware state auditor, Tom Wagner, has announced he will not seek re-election this year. Wagner was appointed to the position in 1989 and was elected to his seventh term in 2014. He’s one of two Republicans elected to statewide office. More
    DOVER, De.- Delaware state auditor, Tom Wagner, has announced he will not seek re-election this year. Wagner was appointed to the position in 1989 and was elected to his seventh term in 2014. He’s one of two Republicans elected to statewide office. More
  • Traffic Stop Leads to Police Pursuit; Weapons and Drugs Seized

    Traffic Stop Leads to Police Pursuit; Weapons and Drugs Seized

    Feb 17, 2018 3:27 PM2018-02-17 20:27:00 GMT
    Saturday, February 17 2018 3:32 PM EST2018-02-17 20:32:23 GMT
    Courtesy of the Georgetown Police Department Courtesy of the Georgetown Police Department
    The Georgetown Police Department said they arrested a Brooklyn, NY, man early Friday morning after he lead them on a pursuit and had various drugs and guns in his car.More
    The Georgetown Police Department said they arrested a Brooklyn, NY, man early Friday morning after he lead them on a pursuit and had various drugs and guns in his car. More
  • "Not My President Day" Rally in Ocean City

    "Not My President Day" Rally in Ocean City

    Feb 17, 2018 3:49 PM2018-02-17 20:49:00 GMT
    Saturday, February 17 2018 3:49 PM EST2018-02-17 20:49:57 GMT
    A local organization in Worcester County, took their voices to the streets as they rallied against President Trump.More
    A local organization in Worcester County, took their voices to the streets as they rallied against President Trump. More
Powered by Frankly

All content © Copyright 2000 - 2018 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices