Michael E. Busch

Maryland Gov. Larry Hogan details Amazon pitch with $3 billion in tax credits, $2 billion in transportation projects

Maryland Gov. Larry Hogan details Amazon pitch with $3 billion in tax credits, $2 billion in transportation projects

Maryland Gov. Larry Hogan released some details on Monday of his $5 billion pitch to lure Amazon to Montgomery County, proposing a "PRIME" Act that would give Fortune 100 companies that invest $5 billion in the state a series of tax breaks worth $3 billion.

Combined with $2 billion in proposed road and infrastructure projects, the incentives offered Amazon would represent the largest economic development package in state history.

Maryland’s plan is the second biggest public bid in the country to attract the internet retailer’s new headquarters and its promised 50,000 jobs and $5 billion investment. New Jersey has offered a $7 billion package to entice Amazon to open...

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