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Tax Dollars to Lure Amazon? Best Buy, Target Express Concern

Tax Dollars to Lure Amazon?  Best Buy, Target Express Concern Photo: mgnonline.com.

September 13, 2017 08:50 AM

ST. PAUL, MN (AP) - Gov. Mark Dayton says any attempt to use state tax dollars to convince Amazon to build a $5 billion headquarters in Minnesota would be "restrained" because of the importance of homegrown competitors Best Buy and Target.

Dayton says he called the CEOs at Target and Best Buy last week to reassure them of their companies' importance to Minnesota. The Star Tribune says the DFL governor says both companies have expressed concern about using tax dollars to lure a competitor to Minnesota. Dayton has asked the Department of Employment and Economic Development to put together a proposal for Amazon.

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The online retail giant is looking for a place to locate a second headquarters, which will prompt some states to offer expensive incentive packages.

(Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


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(Copyright 2017 by The Associated Press. All Rights Reserved.)

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