Here are the details of Maryland’s failed $5.84B bid for Amazon’s HQ2

Maryland’s package to Amazon.com to lure HQ2 to Montgomery County included $2.8 billion in refundable state income tax credits spread out over 10 years, as well as $2.4 billion in new transportation funding.

The total incentive package was $5.84 billion, setting a state record. It had been kept mostly secret as Maryland officials attempted to win a national bidding war to attract Amazon’s estimated $5 billion investment and 50,000 new high-paying jobs.

The details were released Tuesday afternoon by the Maryland Department of Commerce in response to a state Public Information Act request by the Baltimore Business Journal.

The document showed that the incentives crafted by a team of state officials, including Gov. Larry Hogan and Commerce Secretary Mike Gill, were diverse and generous — and still not enough to win the company’s second headquarters. The online retailing giant announced last week it had selected two sites: Northern Virginia and New York.

Montgomery County made the short…

Read the full story from the Washington Business Journal.

More from WTOP

Log in to your WTOP account for notifications and alerts customized for you.

Sign up