Amazon gets $1.5B in tax breaks and grants from New York

Amazon will get $1.5 billion in tax breaks and grants from New York to host half its new headquarters in Long Island City.

The company announced Tuesday, after weeks of speculation, that it will open new headquarters in Queens, and Arlington, Virginia. Each location is expected to be home to more than 25,000 employees, the company said, and hiring will begin in 2019.