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BALTIMORE/WASHINGTON, DC (BBN) (Updated on February 23, 2018 to add comments by Michigan Governor Rick Snyder) — Amazon.com, Inc. (NASDAQ:AMZN) founder and CEO Jeff Bezos is facing the wrath of Detroit’s Quicken Loans Founder and Chairman Dan Gilbert, Baltimore Mayor Catherine Pugh and Prince George’s County County Executive Rushern Baker, III for having dropped America’s most dynamic urban growth markets in favor of suburban Northern Virginia and Montgomery County, Maryland for its planned second headquarters.
[Quicken Loans and Rock Ventures LLC Founder and Chairman Dan Gilbert speaks to Capitol Intelligence/BBN using CI Glass on Amazon Second Headquarters and hosting the Democratic or Republican National Convention in Detroit The Economic Club of Washington, DC. Jan. 30, 2018]
Speaking with Capitol Intelligence/BBN following an interview by Carlyle Group co-Founder and Co-Chairman David Rubenstein at the Economic Club of Washington, DC, Quicken Loans founder and CEO Dan Gilbert said he plans to personally raise the issue with Bezos over Detroit’s exclusion from AmazonHQ2 top twenty shortlist.
According to Amazon’s pitch document, the new Amazon headquarters would create 93,000 direct and indirect jobs; a capital investment of USD 3.1 bn; and an estimated 233,000 annual hotel nights by Amazon employees.
SAN JUAN, PR/WASHINGTON, DC (BBN-PR) — (Update on January 13, 2017 to add interview with US Representative Eleanor Holmes Norton (D-District of Columbia) — Donald J. Trump’s harnessing of CEO intervention, the US military and exploiting the White House bully pulpit to resurrect of Puerto Rico to its former glory following the devastation by Hurricane Maria will undoubtedly be one of the the high points of his presidential legacy.
[President Donald J. Trump arrival on Air Force One filmed by Capitol Intelligence using CI Glass at Muniz National Air Guard Base in Puerto Rico. President Trump and First Lady Melania was met by Puerto Rico Governor Ricardo Rossello and wife. October 3, 2017]
To many in Puerto Rico — Hurricane Maria is a blessing in disguise as the enclave was facing an even more devastating slow death under USD 70bn of unsustainable debt to Wall Street banks and asset managers.
President Trump effectively talked down Puerto Rico bond prices from about 60 cents on the dollar pre-Hurricane Maria to about 30-35 cents following a choreographed impromptu interview with Fox News anchor and Puerto Rican native, Geraldo Rivera during during his visit on October 3, 2017 . The USD 9bn in bond debt owed by PREPA will be zeroed out as Hurricane Maria wiped out the utility.
While Puerto Rico won the highest level support from President Trump and his cabinet, Puerto Rico felt deeply betrayed by US Senator Marco Rubio (R-Fla) and US House Ways and Means Committee Chairman Kevin Brady (R-TX) as parts of the recently passed US tax reform bill treats Puerto Rico as a foreign jurisdiction.
WASHINGTON/WHEELING, WV (BBN) (Update on May 18, 2017 to add comments by US Treasury Secretary Steven Mnuchin) –The end of the long stalemate in Congress over the Export-Import Bank of the United States (EXIM) has unintentionally served as a catalyst to convince the CEOs of Fortune 100 giants such as General Electric Corp.(NYSE:GE),The Dow Chemical Company (NYSE: DOW), Honeywell International, INC (NYSE:HON), The Boeing Company (NYSE:BA) ofthe strategic need to lend their considerable resources to US small-and-medium and minority-and-veteran owned businesses to expand and compete in foreign markets.
[US House Financial Services Committee Ranking Member Maxine Waters (D-CA) speaks to Capitol Intelligence/BBN using CI Glass on President Trump naming former NJ Congressman Scott Garrett as EXIM Bank at Tax March at US Capitol, April 15, 2017]
The issue of large corporates helping US small and medium-sized businesses came after EXIM Bank opponents succeeded in blocking the nomination of new EXIM board members and thus limiting the export credit agency to making export guarantees of USD 10m or less.
President Donald Trump unblocked the impasse by nominating former New Jersey Congressman Scott Garrett as EXIM President and Chairman and former US House Financial Services Chairman and old-school Republican leader Spencer Bachus from Alabama as an EXIM board member.
Meanwhile a highly unusual but effective alliance has been quietly forged between US Treasury Secretary Steven Mnuchin and US House Financial Services Ranking Member Maxine Waters (D-CA) to guarantee that EXIM Bank primary focus will be to serve US small-to-medium size exporters, with special attention to minority-and-veteran led businesses.