Opinion Editorials

The Financial Times : The downside of the race to be Amazon’s second home

By October 25, 2017No Comments

The bids to host Amazon’s much ballyhooed second headquarters are in from dozens of cities across the US and Canada. With its promise of 50,000-plus jobs and billions in investment, it has been hailed as one of the biggest urban development opportunities in recent memory. However, things are not working out exactly as the ecommerce group may have hoped. Resentment among city leaders is growing at what looks like a big, well-capitalised company taking advantage of cities and their taxpayers.