OZ Pitch Day - March 23rd
Amazon will not use Opportunity Zone tax break for HQ2
Amazon had been criticized for locating their HQ2 in an opportunity zone in Queens, New York. As it turns out, they will not be taking advantage of the tax break after all.
“We will not be using the opportunity zone on this project,” Holly Sullivan, head of economic development at Amazon, told the City Council in a Wednesday hearing on the development’s finances.
Read more: Amazon Says It Won’t Use Opportunity Zone Tax Break in New York City