Boston Approves Tax Break For Amazon's Seaport Plans

Mar 16, 2018

Boston’s planning and development agency on Thursday night approved a measure giving Amazon a tax break for proposed office space in the Seaport.

Amazon is negotiating a lease for forthcoming office space in the massive Seaport Square development.

The plan approved by the Boston Development and Planning Agency (BPDA) would give Amazon a $5 million reduction in property taxes in exchange for the company adding 2,000 workers.

The Connecticut legislature’s Public Safety Committee will hear testimony Thursday morning about a bill to allow more casinos in the state.

Updated at 7:10 p.m. ET

After decades of being the go-to toy store for many Americans, Toys R Us is officially going out of business. Unable to get its finances in order through a months-long bankruptcy process, the retail chain has reached the end of the line.

Updated at 3:58 p.m. ET

President Trump has picked economist and CNBC commentator Larry Kudlow as director of the White House National Economic Council, and Kudlow has accepted the post, the White House said Wednesday.

Kudlow, 70, will replace Gary Cohn, who stepped down after losing a battle against imposing tariffs on steel and aluminum imports.

While Vermont is by far the highest producing maple syrup state in the United States, 70 percent of the world's maple syrup is made in Québec.

And that's where the benchmark global price for bulk maple syrup — the price paid by processors to Vermont's maple syrup producers — is set each year by a powerful, but legal, cartel.

Shortly after announcing a major shake-up on Twitter on Tuesday, President Trump told reporters, "We're getting very close to having the Cabinet and other things that I want."

Trump wished outgoing Secretary of State Rex Tillerson well but said he expects a more simpatico relationship with Mike Pompeo, the current CIA director whom the president has tapped to be the nation's top diplomat.

Updated at 8:40 p.m. ET

President Trump's looming trade war has already claimed its first victim: White House economic adviser Gary Cohn.

Cohn, a former Goldman Sachs executive and free trade advocate, announced his plans to resign Tuesday, less than a week after Trump called for stiff tariffs on imported steel and aluminum.

The partnership between the state’s two federally recognized tribes began demolition on Monday of the old Showcase Cinemas building on Route 5 in East Windsor. That’s the site of the state’s proposed third casino.

Eversource is asking New Hampshire regulators to reconsider their rejection of the Northern Pass project.

The utility filed a motion Wednesday with the state Site Evaluation Committee, or SEC. It wants the committee’s Feb. 1 denial of the project thrown out and the case re-heard. Eversource argues the SEC didn’t do its required diligence in discussing all the criteria the project had to meet to get a permit. 

Among the proposals Gov. Phil Scott has made this year to expand Vermont’s workforce is adding more “enhancements” to the state’s signature business incentive program. But one top state official has long questioned a core principle of that program.