Amazon Pulls Out of Planned New York City Headquarters
Amazon on Thursday canceled its plans to build an expansive corporate campus in New York City after facing an unexpectedly fierce backlash from lawmakers, progressive activists and union leaders, who contended that a tech giant did not deserve nearly $3 billion in government incentives.
The decision was an abrupt turnabout by Amazon after a much-publicized search for a second headquarters, which had ended with its announcement in November that it would open two new sites — one in Queens, with more than 25,000 jobs, and another in Virginia.
Amazon's retreat was a blow to Gov. Andrew M. Cuomo and Mayor Bill de Blasio, damaging their effort to further diversify the city's economy by making it an inviting location for the technology industry.
The agreement to lure Amazon to Long Island City, Queens, had stirred intense debate in New York about the use of public subsidies to entice wealthy companies, the rising cost of living in gentrifying neighborhoods, and the city's very identity.
Also at the Long Island City Post, CNBC, CNN, and the Washington Post.
Previously: Amazon Said to be Close to Picking Crystal City, Virginia for Second Headquarters
Amazon Reportedly Picks New York, Northern Virginia for HQ2
(Score: 3, Touché) by RandomFactor on Friday February 15 2019, @02:48AM (1 child)
Not particularly, no. But the approach of ratcheting up taxes incrementally until just short of where companies leave the area doesn't put them in a position of bringing in the increasing tax base they need to run the city in the manner to which they have become accustomed, so they have to go for the 'Try it, the first year's free!' approach of a schoolyard drug dealer :-p
В «Правде» нет известий, в «Известиях» нет правды
(Score: 4, Interesting) by takyon on Friday February 15 2019, @02:57AM
Amazon going from 1 to 2-4 headquarters makes such tactics less effective.
As for federally... Amazon to pay $0 in federal income taxes: report [thehill.com]
[SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]