Maryland passes PRIME Act to lure Amazon's HQ2 to Montgomery County
NORTH BETHESDA, Md. (ABC7) —
There isn’t much left of the White Flint Mall, just one department store and a big patch of open land along the Red Line and Rockville Pike.
But Maryland has approved a massive incentive package to convince Amazon that the site is the ideal location to build its next headquarters.
It was passed by the General Assembly Wednesday night, much to the delight of Montgomery County Executive Ike Leggett.
As ABC7 saw on a visit to Seattle in January, Amazon’s headquarters there has transformed the city.
Jurisdictions all across America submitted bids for Amazon’s so-called HQ2 and its 50,000 jobs.
The company narrowed it down to a top 20 list, including Northern Virginia, D.C. and Montgomery County.
Governor Larry Hogan responded by sending the legislature an incentive package called the PRIME Act, including tax incentives, transportation upgrades, and tax credits worth an estimated $8.5 billion.
There was opposition, with some calling it a corporate giveaway. But its now on its way to the governor for his signature.
Amazon has no official comment on the passage of the PRIME Act, but they’ve made it clear incentives are just one part of the decision making process.
They’ll make a decision by the end of the year.