Washington Post: Amazon’s belt-tightening affects towns across the U.S.
Amazon is scaling back on its expansion plans, leaving some communities that gave the massive retailer millions in subsidies without a project – but, depending on how the bills were structured, with the bill. The halt in development comes as Amazon lays off thousands of employees, after posting its first quarterly loss in years.
“Unless the contract includes a clawback, places like that may be out of luck,” Good Jobs First Executive Director Greg LeRoy told the Washington Post. “They may have to wait and hope Amazon delivers eventually — if it ever does.”
Read the full story at the Washington Post.