NEW YORK — Amazon will not build a new headquarters in New York City, a stunning reversal to an ambitious plan that would have brought an estimated 25,000 jobs to the city.The online retailer faced fierce opposition from some New York politicians who were unhappy with the nearly $3 billion in tax incentives Amazon was promised. Along with thousands of jobs, the Seattle company had planned spend $2.5 billion building its new offices."We are disappointed to have reached this conclusion — we love New York," the company said in a blog post , adding that it already has 5,000 employees in the city and plans to grow those teams.It was a serious blow to Gov. Andrew Cuomo and Mayor Bill de Blasio, who lobbied intensely to land the campus within city limits. Australian food manufacturer plans U.S. headquarters in Colorado SpringsCritics see the project as an extravagant giveaway to one of the world's biggest companies and argue it won't provide much direct benefit to most New … [Read more...] about Amazon, in stunning reversal, dumps New York City as new headquarters site
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Amazon said Thursday it was no longer planning to bring its new headquarters, named HQ2, to New York City. The decision to bring HQ2 to New York was met with fierce backlash from many politicians, local residents, and tech leaders who took aim at HQ2’s effect on housing prices, the major tax breaks New York was giving Amazon, and the company’s treatment of its workers. This is how politicians, policymakers, and tech leaders reacted to the surprise news. Amazon’s plans to put HQ2 in New York City have been called off, the final culmination of months of criticism directed at the e-commerce giant after it first announced in November that it would open a new headquarters there. In a blog post Thursday, Amazon said it came to the decision to cancel its plans for New York City “after much deliberation,” and seemingly took aim at politicians who vocally opposed HQ2. “The commitment to build a new headquarters requires positive, collaborative … [Read more...] about Here’s how politicians and tech execs are reacting to the surprise news of Amazon pulling HQ2 from New York City
Joseph Pisani, Ap Retail Writer Updated 12:05 pm CST, Thursday, February 14, 2019 FILE- In this Nov. 7, 2018, file photo, a rusting ferryboat is docked next to an aging industrial warehouse on Long Island City's Anable Basin in the Queens borough of New York. Amazon said Thursday, Feb. 14, 2019, that it will not be building a new headquarters in New York, a stunning reversal after a yearlong search. less FILE- In this Nov. 7, 2018, file photo, a rusting ferryboat is docked next to an aging industrial warehouse on Long Island City's Anable Basin in the Queens borough of New York. Amazon said Thursday, Feb. 14, ... more Photo: Mark Lennihan, AP Photo: Mark Lennihan, AP Image 1 of / 8 Caption Close Image 1 of 8 FILE- In this Nov. 7, 2018, file photo, a rusting ferryboat is docked … [Read more...] about Amazon dumps New York City as new headquarters site
By Jimmy Vielkind WSJ Laura Stevens WSJ Fri., Feb. 8, 2019 Amazon.com Inc. executives are re-evaluating a planned campus in New York City, people familiar with the matter said, turning up the heat on local officials who have rallied opposition to giving billions of dollars in tax incentives to one of the world’s most valuable companies. The discussions at Amazon have caused leading government officials in New York who support the project to worry that Amazon may abandon its plan to bring 25,000 jobs to Long Island City and $2.5 billion in investment, according to a government official. Any change would be a stunning reversal after the company’s public yearlong search for a new headquarters drew bids from more than 200 locales across the country, courting the online retailing giant with billions of dollars in tax incentives. Amazon executives are deliberating whether to delay some of the initial phase of investments to get the project started, … [Read more...] about Amazon Reconsidering Plan to Put Campus in New York City
Sections SEARCH Skip to content Skip to site index Art & Design Log In Subscribe Log In Today’s Paper Art & Design | Amazon’s HQ2 Will Benefit From New York City. But What Does New York Get? Supported by ByMichael Kimmelman Nov. 12, 2018 The innovation myth used to involve the back of a suburban garage or an office park in Silicon Valley. The tech industry was incubated not on the mean streets of the big city, but in sleepy hamlets like Murray Hill, N.J., and Mountain View, Calif. So with reports of Amazon’s plan to split HQ2, its second headquarters, between Crystal City, a part of Arlington, Va., just outside Washington, and Long Island City, in Queens, what are we to make of tech’s steady migration to marquee cities? Amazon is hardly alone, after all. Google and Facebook already have headquarters here (established, not incidentally, without state subsidies). Google intends to double … [Read more...] about Amazon’s HQ2 Will Benefit From New York City. But What Does New York Get?