‘Captain Marvel’ has a stellar second weekend at the box office

Paul Dergarabedian, a senior media analyst for Comscore, said that it’s hard to compete with “Captain Marvel,” which is playing to all ages and audiences. “And `Five Feet Apart’ proves that.” “Those three films were able to capture an audience even with the 300-pound gorilla of `Captain Marvel.”‘ The “Captain Marvel” effect has lowered the year to date deficit nearly 10 percent in a week. “Captain Marvel,” $69.3 million.


Paul Dergarabedian, a senior media analyst for Comscore, said that it’s hard to compete with “Captain Marvel,” which is playing to all ages and audiences. “And `Five Feet Apart’ proves that.” “Those three films were able to capture an audience even with the 300-pound gorilla of `Captain Marvel.”‘ The “Captain Marvel” effect has lowered the year to date deficit nearly 10 percent in a week. “Captain Marvel,” $69.3 million.
‘Captain Marvel’ has a stellar second weekend at the box office Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-17  Authors: gp images, getty images
Keywords: news, cnbc, companies, apart, place, weekend, captain, second, office, million, stellar, film, feet, park, marvel, box, films, world


'Captain Marvel' has a stellar second weekend at the box office

‘Captain Marvel’ records fifth biggest opening of all time, says IMAX CEO 11:24 AM ET Mon, 11 March 2019 | 05:10

In a very distant second, Paramount’s animated family film “Wonder Park” struggled with $16 million against a reported $100 million budget. Paul Dergarabedian, a senior media analyst for Comscore, said that it’s hard to compete with “Captain Marvel,” which is playing to all ages and audiences. But the PG-rated pic about a girl who dreams up an amusement park did not score well with critics either — it’s currently sitting at a 30 percent on Rotten Tomatoes.

But it wasn’t all bad news for the films in “Captain Marvel’s” shadow. The Cole Sprouse and Haley Lu Richardson film “Five Feet Apart” opened in third place with $13.2 million in ticket sales, which is nearly double its production budget. The film from Lionsgate and CBS Films is centered on two teens with cystic fibrosis.

Audiences were overwhelmingly female (82 percent) and young (65 percent under age 25 and 45 percent under 18). That the stars involved, like Sprouse who is in the popular TV show “Riverdale,” have a strong fan base and social following motivated young women to turn out to the theaters.

“You don’t always have to be No. 1 to have a success,” Dergarabedian said. “And `Five Feet Apart’ proves that.”

It was a good weekend overall for Lionsgate, which had three films in the top 10, including “Five Feet Apart,” Tyler Perry’s “A Madea Family Funeral,” which landed in fifth place with $8.1 million (behind “How To Train Your Dragon: The Hidden World”) and the Spanish-language newcomer “No Manches Frida 2,” which opened on only 472 screens and grossed $3.9 million to take sixth place.

“In the world of everybody talking about diversity, this is a great example of a diverse lineup. All three films were completely different, which was obviously a strategic distribution decision,” said David Spitz, Lionsgate’s president of domestic distribution. “Those three films were able to capture an audience even with the 300-pound gorilla of `Captain Marvel.”‘

Not so lucky was “Captive State,” an alien invasion thriller from Focus Features that floundered in seventh place with $3.2 million against a $25 million budget.

But overall, things are finally looking up for the industry-wide box office. The “Captain Marvel” effect has lowered the year to date deficit nearly 10 percent in a week.

“We’re on the right track now. It shows when you’re this early in the year, any change can make a significant difference to the bottom line,” said Dergarabedian. “But it’s going to take more than one big movie to start us toward another record-breaking year in North America.”

One film that might help: Jordan Peele’s “Get Out” follow-up “Us” hits theaters next weekend and is tracking for an opening north of $40 million.

Estimated ticket sales for Friday through Sunday at U.S. and Canadian theaters, according to Comscore. Where available, the latest international numbers for Friday through Sunday are also included. Final domestic figures will be released Monday.

1.”Captain Marvel,” $69.3 million.

2.”Wonder Park,” $16 million.

3.”Five Feet Apart,” $13.2 million.

4.”How to Train Your Dragon: The Hidden World,” $9.3 million.

5.Tyler Perry’s “A Madea Family Funeral,” $8.1 million.

6.”No Manches Frida 2,” $3.9 million.

7.”Captive State,” $3.2 million.

8.”The LEGO Movie 2: The Second Part,” $2.1 million.

9.”Alita: Battle Angel,” $1.9 million.

10.”Green Book,” $1.3 million.


Company: cnbc, Activity: cnbc, Date: 2019-03-17  Authors: gp images, getty images
Keywords: news, cnbc, companies, apart, place, weekend, captain, second, office, million, stellar, film, feet, park, marvel, box, films, world


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A day in the life of an H&R Block tax pro, who works 11-hour days during tax season

For most of us, that means added stress and one more item to cross off of our to-do lists. I headed to a Manhattan-based H&R Block last April to spend the day with tax professional Kwame Matthews. Matthews has been preparing tax returns for six years now and estimates he’s seen more than 500 clients at this point. He not only prepares tax returns — he manages two H&R Block offices. Matthews works six days a week, year-round, but most H&R Block employees, about 80 percent, work just four to five


For most of us, that means added stress and one more item to cross off of our to-do lists. I headed to a Manhattan-based H&R Block last April to spend the day with tax professional Kwame Matthews. Matthews has been preparing tax returns for six years now and estimates he’s seen more than 500 clients at this point. He not only prepares tax returns — he manages two H&R Block offices. Matthews works six days a week, year-round, but most H&R Block employees, about 80 percent, work just four to five
A day in the life of an H&R Block tax pro, who works 11-hour days during tax season Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: kathleen elkins, cnbc make it, -kwame matthews, certified tax pro at h r block
Keywords: news, cnbc, companies, means, hr, tax, returns, hes, 11hour, block, matthews, pro, employees, preparing, days, day, works, life, season, office


A day in the life of an H&R Block tax pro, who works 11-hour days during tax season

The tax deadline, April 15, is fast approaching. For most of us, that means added stress and one more item to cross off of our to-do lists. But what’s crunch time like for the people on the other side — the ones preparing our taxes?

I decided to find out. I headed to a Manhattan-based H&R Block last April to spend the day with tax professional Kwame Matthews. Matthews has been preparing tax returns for six years now and estimates he’s seen more than 500 clients at this point.

He not only prepares tax returns — he manages two H&R Block offices. That means leading two different teams of 20 to 25 employees. Being an office manager is kind of like running a small business, he tells me: He’s in charge of things like ordering supplies, the office budget, managing employees and customer service.

Matthews works six days a week, year-round, but most H&R Block employees, about 80 percent, work just four to five months out of the year, during tax season.


Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: kathleen elkins, cnbc make it, -kwame matthews, certified tax pro at h r block
Keywords: news, cnbc, companies, means, hr, tax, returns, hes, 11hour, block, matthews, pro, employees, preparing, days, day, works, life, season, office


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South Korea’s Moon replaces unification minister to improve ties with Pyongyang

South Korean President Moon Jae-in has replaced his unification minister who played a major role in last year’s detente with the North, his office said on Friday, and named a longtime confidant to lead Moon’s drive for “a new Korean peninsula.” Kim Yeon-chul, a pro-engagement scholar who heads the state-run Korea Institute for National Unification, will replace Cho Myoung-gyon pending a confirmation hearing. The appointment of Kim Yeon-chul, a staunch backer of Korean reconciliation, may further


South Korean President Moon Jae-in has replaced his unification minister who played a major role in last year’s detente with the North, his office said on Friday, and named a longtime confidant to lead Moon’s drive for “a new Korean peninsula.” Kim Yeon-chul, a pro-engagement scholar who heads the state-run Korea Institute for National Unification, will replace Cho Myoung-gyon pending a confirmation hearing. The appointment of Kim Yeon-chul, a staunch backer of Korean reconciliation, may further
South Korea’s Moon replaces unification minister to improve ties with Pyongyang Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: pyeongyang press corps pool, getty images
Keywords: news, cnbc, companies, minister, sanctions, korean, improve, ties, moons, moon, pyongyang, unification, replaces, north, summit, factory, koreas, south, office


South Korea's Moon replaces unification minister to improve ties with Pyongyang

South Korean President Moon Jae-in has replaced his unification minister who played a major role in last year’s detente with the North, his office said on Friday, and named a longtime confidant to lead Moon’s drive for “a new Korean peninsula.”

Kim Yeon-chul, a pro-engagement scholar who heads the state-run Korea Institute for National Unification, will replace Cho Myoung-gyon pending a confirmation hearing.

“He’s the right man who can actively embody the president’s vision for a new Korean peninsula, a new peace and cooperation community, by carrying out the Unification Ministry’s main policy tasks without a hitch and implementing inter-Korean agreements in a speedy manner,” Moon’s spokesman told a news briefing.

The change was part of Moon’s largest cabinet reshuffle since taking office in 2017, with new ministers for the interior, land and transportation, culture and sport, oceans and fisheries, science and technology, and small and medium enterprises.

The shake-up allows incumbent aides to run in parliamentary elections next year, analysts said, and turns a page for an administration facing a sluggish economy and sagging popularity.

The removal of Cho, who has yet to say if he will enter politics, comes a week after the second summit between U.S. President Donald Trump and North Korean leader Kim Jong Un failed to narrow their differences on dismantling the North’s nuclear programme and U.S. willingness to ease sanctions.

The failed summit was a blow for Moon, who had hoped U.S. sanctions relief would boost South-North projects including a factory park, tourism zone and railway network.

Ahead of the Hanoi summit, a rift opened within Moon’s administration over how to advance Korean ties without undercutting international sanctions and the alliance with the United States.

Some top aides, including national security adviser Chung Eui-yong, had pushed for the economic projects to go ahead. Cho and other aides favoured sticking to Trump’s “maximum pressure” campaign to force the North’s denuclearisation.

Cho’s advocacy of strict sanctions enforcement surprised — and drew complaints from — many officials.

The appointment of Kim Yeon-chul, a staunch backer of Korean reconciliation, may further improve ties with the North, officials said.

It could also signal deeper divisions within Moon’s government, some analysts said, and fuel U.S. concerns that the South may be moving too quickly with the North.

Kim, 55, is a North Korea studies professor and adviser to a previous administration in which Moon also served.

More recently, he advised Moon’s office on Korean summits before moving to head the think tank affiliated with the Unification Ministry.

Kim was a vocal critic of the 2016 decision to close the Kaesong factory after Seoul’s then-conservative government said the North had diverted wages paid to its workers by South Korean firms to bankroll its weapons programmes.

A private panel appointed by the Unification Ministry under Moon said there was no evidence to back up that charge, and Kim has since called for the factory to reopen.

The factory, alongside a railway and tourism project, are important parts of Moon’s initiative to build a pan-peninsula economic community which he has said will also benefit South Korea’s economy.


Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: pyeongyang press corps pool, getty images
Keywords: news, cnbc, companies, minister, sanctions, korean, improve, ties, moons, moon, pyongyang, unification, replaces, north, summit, factory, koreas, south, office


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10 common office communication mistakes to stop making right now

If you want your coworkers to like you more, it could be as simple as making sure you haven’t hit caps lock. Few things rankle your colleagues more than poor office etiquette and, it turns out, the worst thing you can do is use speakerphone in an open or shared office. In the era of open offices, any behavior that unnecessarily adds to the existing noise pollution, which so often comes with a large room full of people typing and talking, will irritate your coworkers the most. After speakerphone


If you want your coworkers to like you more, it could be as simple as making sure you haven’t hit caps lock. Few things rankle your colleagues more than poor office etiquette and, it turns out, the worst thing you can do is use speakerphone in an open or shared office. In the era of open offices, any behavior that unnecessarily adds to the existing noise pollution, which so often comes with a large room full of people typing and talking, will irritate your coworkers the most. After speakerphone
10 common office communication mistakes to stop making right now Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: kerri anne renzulli, hero images, getty images
Keywords: news, cnbc, companies, things, noise, office, productivity, employees, speakerphone, mistakes, right, common, communication, offices, open, thing, men, making, stop


10 common office communication mistakes to stop making right now

If you want your coworkers to like you more, it could be as simple as making sure you haven’t hit caps lock.

Few things rankle your colleagues more than poor office etiquette and, it turns out, the worst thing you can do is use speakerphone in an open or shared office. This behavior drives 75 percent of women and 65 percent of men mad, according to a survey of 811 employees conducted by Signs.com, a company that creates customized signage and presentation materials.

In the era of open offices, any behavior that unnecessarily adds to the existing noise pollution, which so often comes with a large room full of people typing and talking, will irritate your coworkers the most. After speakerphone chats, the next most obnoxious thing you could do was gossip — 70 percent of woman and 66 percent of men saw this as unacceptable.

The fact that these two actions dominated the list only further supports what a study by Oxford Economics found last year: The noise levels in open offices have reached such heights that 63 percent of employees said they lacked quiet space for work, having a “negative effect on their productivity, satisfaction and well-being.”

Of course, people may also hate gossip reasons besides the actual sound of it. Such petty and unpleasant talk tends to divide offices, alienate employees, lower morale and depress productivity — all things no worker or manager wants.


Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: kerri anne renzulli, hero images, getty images
Keywords: news, cnbc, companies, things, noise, office, productivity, employees, speakerphone, mistakes, right, common, communication, offices, open, thing, men, making, stop


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Apple is adding 1,200 employees in Qualcomm’s backyard as their legal dispute wages on

Apple announced Wednesday it is bringing 1,200 employees to a San Diego office over the next three years, growing its presence right in the backyard of its current legal rival Qualcomm. Apple’s expansion comes as the two companies continue in an ongoing multinational legal battle, with Qualcomm alleging Apple violated its patents and Apple alleging Qualcomm has inaccurately charged it royalties to use its chips in devices. Apple recently stopped using modems made by Qualcomm and switched to Inte


Apple announced Wednesday it is bringing 1,200 employees to a San Diego office over the next three years, growing its presence right in the backyard of its current legal rival Qualcomm. Apple’s expansion comes as the two companies continue in an ongoing multinational legal battle, with Qualcomm alleging Apple violated its patents and Apple alleging Qualcomm has inaccurately charged it royalties to use its chips in devices. Apple recently stopped using modems made by Qualcomm and switched to Inte
Apple is adding 1,200 employees in Qualcomm’s backyard as their legal dispute wages on Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: lauren feiner, stephanie keith, getty images, feng li, getty images news
Keywords: news, cnbc, companies, 1200, wages, team, office, legal, qualcomm, qualcomms, plans, dispute, employees, positions, modems, adding, according, apple, release, recently, backyard


Apple is adding 1,200 employees in Qualcomm's backyard as their legal dispute wages on

Apple announced Wednesday it is bringing 1,200 employees to a San Diego office over the next three years, growing its presence right in the backyard of its current legal rival Qualcomm.

Apple’s expansion comes as the two companies continue in an ongoing multinational legal battle, with Qualcomm alleging Apple violated its patents and Apple alleging Qualcomm has inaccurately charged it royalties to use its chips in devices.

Reuters reported last month that Apple has moved its modem chip engineering team from its supply chain unit into its in-house hardware technology group, suggesting it could be looking to bring a component it used to buy from Qualcomm into its own facilities. Apple recently stopped using modems made by Qualcomm and switched to Intel chips instead.

San Diego Mayor Kevin Faulconer tweeted his support of Apple’s expansion, which he said “will increase local jobs by an additional 20%.” Apple plans to add as many as 200 employees by the end of 2019, according to a press release from Faulconer’s office. Apple said said its new positions would span a variety of specialty engineering fields in hardware and software, according to the release. The company plans also to develop thousands of square feet of office, lab and research space in the area to accommodate the new employees.

Apple has recently begun posting dozens of positions relating to designing cellular modems and integrated application processors, according to EE Times. Wednesday’s announcement shows it’s serious about building out a team in a city that is a popular chip hub.

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Watch: Qualcomm’s General Counsel: German Apple ban not up for interpretation


Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: lauren feiner, stephanie keith, getty images, feng li, getty images news
Keywords: news, cnbc, companies, 1200, wages, team, office, legal, qualcomm, qualcomms, plans, dispute, employees, positions, modems, adding, according, apple, release, recently, backyard


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Apple is adding 1,200 employees in Qualcomm’s backyard as their legal dispute wages on

Apple announced Wednesday it is bringing 1,200 employees to a San Diego office over the next three years, growing its presence right in the backyard of its current legal rival Qualcomm. Apple’s expansion comes as the two companies continue in an ongoing multinational legal battle, with Qualcomm alleging Apple violated its patents and Apple alleging Qualcomm has inaccurately charged it royalties to use its chips in devices. Apple recently stopped using modems made by Qualcomm and switched to Inte


Apple announced Wednesday it is bringing 1,200 employees to a San Diego office over the next three years, growing its presence right in the backyard of its current legal rival Qualcomm. Apple’s expansion comes as the two companies continue in an ongoing multinational legal battle, with Qualcomm alleging Apple violated its patents and Apple alleging Qualcomm has inaccurately charged it royalties to use its chips in devices. Apple recently stopped using modems made by Qualcomm and switched to Inte
Apple is adding 1,200 employees in Qualcomm’s backyard as their legal dispute wages on Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: lauren feiner, stephanie keith, getty images, feng li, getty images news
Keywords: news, cnbc, companies, 1200, wages, team, office, legal, qualcomm, qualcomms, plans, dispute, employees, positions, modems, adding, according, apple, release, recently, backyard


Apple is adding 1,200 employees in Qualcomm's backyard as their legal dispute wages on

Apple announced Wednesday it is bringing 1,200 employees to a San Diego office over the next three years, growing its presence right in the backyard of its current legal rival Qualcomm.

Apple’s expansion comes as the two companies continue in an ongoing multinational legal battle, with Qualcomm alleging Apple violated its patents and Apple alleging Qualcomm has inaccurately charged it royalties to use its chips in devices.

Reuters reported last month that Apple has moved its modem chip engineering team from its supply chain unit into its in-house hardware technology group, suggesting it could be looking to bring a component it used to buy from Qualcomm into its own facilities. Apple recently stopped using modems made by Qualcomm and switched to Intel chips instead.

San Diego Mayor Kevin Faulconer tweeted his support of Apple’s expansion, which he said “will increase local jobs by an additional 20%.” Apple plans to add as many as 200 employees by the end of 2019, according to a press release from Faulconer’s office. Apple said said its new positions would span a variety of specialty engineering fields in hardware and software, according to the release. The company plans also to develop thousands of square feet of office, lab and research space in the area to accommodate the new employees.

Apple has recently begun posting dozens of positions relating to designing cellular modems and integrated application processors, according to EE Times. Wednesday’s announcement shows it’s serious about building out a team in a city that is a popular chip hub.

Subscribe to CNBC on YouTube.

Watch: Qualcomm’s General Counsel: German Apple ban not up for interpretation


Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: lauren feiner, stephanie keith, getty images, feng li, getty images news
Keywords: news, cnbc, companies, 1200, wages, team, office, legal, qualcomm, qualcomms, plans, dispute, employees, positions, modems, adding, according, apple, release, recently, backyard


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10 common office communication mistakes to stop making right now

If you want your coworkers to like you more, it could be as simple as making sure you haven’t hit caps lock. Few things rankle your colleagues more than poor office etiquette and, it turns out, the worst thing you can do is use speakerphone in an open or shared office. In the era of open offices, any behavior that unnecessarily adds to the existing noise pollution, which so often comes with a large room full of people typing and talking, will irritate your coworkers the most. After speakerphone


If you want your coworkers to like you more, it could be as simple as making sure you haven’t hit caps lock. Few things rankle your colleagues more than poor office etiquette and, it turns out, the worst thing you can do is use speakerphone in an open or shared office. In the era of open offices, any behavior that unnecessarily adds to the existing noise pollution, which so often comes with a large room full of people typing and talking, will irritate your coworkers the most. After speakerphone
10 common office communication mistakes to stop making right now Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: kerri anne renzulli, hero images, getty images
Keywords: news, cnbc, companies, things, noise, office, productivity, employees, speakerphone, mistakes, right, common, communication, offices, open, thing, men, making, stop


10 common office communication mistakes to stop making right now

If you want your coworkers to like you more, it could be as simple as making sure you haven’t hit caps lock.

Few things rankle your colleagues more than poor office etiquette and, it turns out, the worst thing you can do is use speakerphone in an open or shared office. This behavior drives 75 percent of women and 65 percent of men mad, according to a survey of 811 employees conducted by Signs.com, a company that creates customized signage and presentation materials.

In the era of open offices, any behavior that unnecessarily adds to the existing noise pollution, which so often comes with a large room full of people typing and talking, will irritate your coworkers the most. After speakerphone chats, the next most obnoxious thing you could do was gossip — 70 percent of woman and 66 percent of men saw this as unacceptable.

The fact that these two actions dominated the list only further supports what a study by Oxford Economics found last year: The noise levels in open offices have reached such heights that 63 percent of employees said they lacked quiet space for work, having a “negative effect on their productivity, satisfaction and well-being.”

Of course, people may also hate gossip reasons besides the actual sound of it. Such petty and unpleasant talk tends to divide offices, alienate employees, lower morale and depress productivity — all things no worker or manager wants.


Company: cnbc, Activity: cnbc, Date: 2019-03-06  Authors: kerri anne renzulli, hero images, getty images
Keywords: news, cnbc, companies, things, noise, office, productivity, employees, speakerphone, mistakes, right, common, communication, offices, open, thing, men, making, stop


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28% of millennials are managers now—here are 5 ways they’re changing the office

Millennials are now the most represented generation in the U.S. workforce, with more than a third of all workers belonging to this group. Millennials managers aren’t just taking on low-level management positions or only overseeing the work of other millennials. A study by Future Workplace shows that a growing number of Millennials are managing Gen X and Baby Boomer professionals, with 83 percent of workers saying they’ve seen this within their office. A survey by Upwork, a company that pairs bus


Millennials are now the most represented generation in the U.S. workforce, with more than a third of all workers belonging to this group. Millennials managers aren’t just taking on low-level management positions or only overseeing the work of other millennials. A study by Future Workplace shows that a growing number of Millennials are managing Gen X and Baby Boomer professionals, with 83 percent of workers saying they’ve seen this within their office. A survey by Upwork, a company that pairs bus
28% of millennials are managers now—here are 5 ways they’re changing the office Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: kerri anne renzulli, luis alvarez, digitalvision, getty images
Keywords: news, cnbc, companies, ways, millennials, office, 28, theyre, hold, positions, millennial, changing, managers, workers, gen, workplace


28% of millennials are managers now—here are 5 ways they're changing the office

Millennials are now the most represented generation in the U.S. workforce, with more than a third of all workers belonging to this group.

And as Baby Boomers continue departing the office for retirement, it’s clear Gen X won’t be able to fill all the open positions they’ll leave behind, paving the way for millennial managers to grow beyond the 28 percent who currently hold managerial-level roles, according to Parade. Already another two-thirds of millennials intend to hold a leadership position within the next decade.

Millennials managers aren’t just taking on low-level management positions or only overseeing the work of other millennials. A study by Future Workplace shows that a growing number of Millennials are managing Gen X and Baby Boomer professionals, with 83 percent of workers saying they’ve seen this within their office. A survey by Upwork, a company that pairs businesses with freelancers, found that 48 percent of millennial managers are director-level or higher already.

Here are five ways these newly-minted managers are changing the workplace:


Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: kerri anne renzulli, luis alvarez, digitalvision, getty images
Keywords: news, cnbc, companies, ways, millennials, office, 28, theyre, hold, positions, millennial, changing, managers, workers, gen, workplace


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Amazon will need to occupy tons of office space to get tax incentives for HQ2 in Virginia

The county released the draft in preparation for a county board meeting on March 16, when the agreement will come to a vote. The draft agreement sheds light on the concessions Arlington made to Amazon to lure its business and 25,000 jobs to the area. The following year, it is expected to hold 252,800 square feet of office space to receive the incentive. And it must have over 5.5 million square feet of office space by July 2034 to qualify. The agreement also requires Arlington to set aside a port


The county released the draft in preparation for a county board meeting on March 16, when the agreement will come to a vote. The draft agreement sheds light on the concessions Arlington made to Amazon to lure its business and 25,000 jobs to the area. The following year, it is expected to hold 252,800 square feet of office space to receive the incentive. And it must have over 5.5 million square feet of office space by July 2034 to qualify. The agreement also requires Arlington to set aside a port
Amazon will need to occupy tons of office space to get tax incentives for HQ2 in Virginia Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: lauren feiner, leonard ortiz, digital first media, getty images, david ryder, stringer
Keywords: news, cnbc, companies, amazon, county, virginia, tax, office, occupy, agreement, receive, square, company, space, tons, arlington, need, area, hq2, incentives


Amazon will need to occupy tons of office space to get tax incentives for HQ2 in Virginia

Amazon will receive 15 percent of any increase in the amount of hotel taxes Arlington County, Virginia, receives provided the company meets certain occupancy goals, according to the newly released draft agreement for its second headquarters location there.

The county released the draft in preparation for a county board meeting on March 16, when the agreement will come to a vote.

Amazon has faced local opposition in the area, albeit not as loud as that in New York’s Long Island City neighborhood in Queens, which eventually drove the company to abandon its HQ2 plans there. Opposition has mainly centered around performance-based incentives offered to the company, which in Arlington’s case amount to about $573 million, according to Amazon’s initial disclosure of the incentives.

The draft agreement sheds light on the concessions Arlington made to Amazon to lure its business and 25,000 jobs to the area.

Under the agreement, Amazon would receive 15 percent of any additional revenue the county receives from its “transient occupancy tax,” or taxes on hotels and other lodgings, compared with its baseline, provided it increases the total square footage of its facilities to certain levels. This assumes tourism in Arlington will increase with Amazon’s move to the area, and compares increased revenue from visitors with a baseline calculated as the average revenues for the tax from the previous three fiscal years.

Amazon is expected to meet 90 percent of the following targets by each of the following deadlines in order to receive the payments: The company will need to have 64,000 square feet of office space by the end of July 2020 in order to receive the first payout that August. The following year, it is expected to hold 252,800 square feet of office space to receive the incentive. And it must have over 5.5 million square feet of office space by July 2034 to qualify.

The agreement also requires Arlington to set aside a portion of funds from incremental real property tax revenues in the area to fund specific projects in the area Amazon will occupy. If Amazon fulfills at least 90 percent of its facility targets, a portion of the increased tax revenue from the county’s specified fund will be set aside for these projects, which were not spelled out in the agreement, between the county’s fiscal years 2022 and 2031.

The agreement also gives Amazon the chance to shield information from the public, though it requires it to acknowledge the county will adhere to Virginia’s Freedom of Information Act, which is often used by journalists to illuminate information in the public sector. The county will give Amazon up to two business days of the request “to allow Amazon to take such steps as it deems appropriate with regard to the requested disclosure of records.”

Amazon declined to comment on the proposed agreement.

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Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: lauren feiner, leonard ortiz, digital first media, getty images, david ryder, stringer
Keywords: news, cnbc, companies, amazon, county, virginia, tax, office, occupy, agreement, receive, square, company, space, tons, arlington, need, area, hq2, incentives


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Amazon will need to occupy tons of office space to get tax incentives for HQ2 in Virginia

The county released the draft in preparation for a county board meeting on March 16, when the agreement will come to a vote. The draft agreement sheds light on the concessions Arlington made to Amazon to lure its business and 25,000 jobs to the area. The following year, it is expected to hold 252,800 square feet of office space to receive the incentive. And it must have over 5.5 million square feet of office space by July 2034 to qualify. The agreement also requires Arlington to set aside a port


The county released the draft in preparation for a county board meeting on March 16, when the agreement will come to a vote. The draft agreement sheds light on the concessions Arlington made to Amazon to lure its business and 25,000 jobs to the area. The following year, it is expected to hold 252,800 square feet of office space to receive the incentive. And it must have over 5.5 million square feet of office space by July 2034 to qualify. The agreement also requires Arlington to set aside a port
Amazon will need to occupy tons of office space to get tax incentives for HQ2 in Virginia Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: lauren feiner, leonard ortiz, digital first media, getty images, david ryder, stringer
Keywords: news, cnbc, companies, amazon, county, virginia, tax, office, occupy, agreement, receive, square, company, space, tons, arlington, need, area, hq2, incentives


Amazon will need to occupy tons of office space to get tax incentives for HQ2 in Virginia

Amazon will receive 15 percent of any increase in the amount of hotel taxes Arlington County, Virginia, receives provided the company meets certain occupancy goals, according to the newly released draft agreement for its second headquarters location there.

The county released the draft in preparation for a county board meeting on March 16, when the agreement will come to a vote.

Amazon has faced local opposition in the area, albeit not as loud as that in New York’s Long Island City neighborhood in Queens, which eventually drove the company to abandon its HQ2 plans there. Opposition has mainly centered around performance-based incentives offered to the company, which in Arlington’s case amount to about $573 million, according to Amazon’s initial disclosure of the incentives.

The draft agreement sheds light on the concessions Arlington made to Amazon to lure its business and 25,000 jobs to the area.

Under the agreement, Amazon would receive 15 percent of any additional revenue the county receives from its “transient occupancy tax,” or taxes on hotels and other lodgings, compared with its baseline, provided it increases the total square footage of its facilities to certain levels. This assumes tourism in Arlington will increase with Amazon’s move to the area, and compares increased revenue from visitors with a baseline calculated as the average revenues for the tax from the previous three fiscal years.

Amazon is expected to meet 90 percent of the following targets by each of the following deadlines in order to receive the payments: The company will need to have 64,000 square feet of office space by the end of July 2020 in order to receive the first payout that August. The following year, it is expected to hold 252,800 square feet of office space to receive the incentive. And it must have over 5.5 million square feet of office space by July 2034 to qualify.

The agreement also requires Arlington to set aside a portion of funds from incremental real property tax revenues in the area to fund specific projects in the area Amazon will occupy. If Amazon fulfills at least 90 percent of its facility targets, a portion of the increased tax revenue from the county’s specified fund will be set aside for these projects, which were not spelled out in the agreement, between the county’s fiscal years 2022 and 2031.

The agreement also gives Amazon the chance to shield information from the public, though it requires it to acknowledge the county will adhere to Virginia’s Freedom of Information Act, which is often used by journalists to illuminate information in the public sector. The county will give Amazon up to two business days of the request “to allow Amazon to take such steps as it deems appropriate with regard to the requested disclosure of records.”

Amazon declined to comment on the proposed agreement.

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Watch: How Amazon could shake up the retail sector with its grocery stores


Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: lauren feiner, leonard ortiz, digital first media, getty images, david ryder, stringer
Keywords: news, cnbc, companies, amazon, county, virginia, tax, office, occupy, agreement, receive, square, company, space, tons, arlington, need, area, hq2, incentives


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