Minnesota officials weren't kidding when they said the financial handouts to persuade Amazon to build its second headquarters in the state would be modest.
As part of its official proposal to the online retailer, state officials said $3 million to $5 million worth of incentives could be initially available to Amazon, less than other states' offers, according to portions of the proposal released to the Star Tribune this week after a data request.
However, they pointed out that Minnesota legislators in recent years have agreed to use hundreds of millions in public money on two major economic projects: the NFL stadium in downtown Minneapolis and the Destination Medical Center in Rochester. And they said Minnesota has a lot to offer Amazon beyond monetary handouts.
Officials touted the state's diverse businesses, the proximity of the Minneapolis-St. Paul International Airport to the downtowns of both Minneapolis and St. Paul and colleges and universities that would help supply workers. It also mentioned Minnesota's host of outdoor activities and its arts and theater scene.
This past fall, Amazon announced it was on the hunt for a new headquarters that could eventually grow to house 50,000 workers. The Twin Cities, which has been deemed a long shot to be selected, was one of 238 cities or regions to send proposals to Amazon by Oct. 19. Amazon is expected to choose next year.
Compared with other vocal city and state headquarters contenders, Minnesota's team was relatively low-key with its bid.
At the start of the process, Dayton said the proposal would be "restrained." When it was sent in October, he said, "I think it's a very professional proposal, one we were told conforms to the kind of proposal they'd like to receive."
Several cities are reported to have offered incentives to Amazon worth at least $1 billion, including Atlanta, Baltimore, Chicago, Pittsburgh and Philadelphia. State and local officials in New Jersey offered $7 billion worth of incentives.