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: 2) by Knowledge Troll on Friday February 15 2019, @03:14PM (1 child)
It could not be any easier. New York gives Amazon $3 billion in not paying taxes but Amazon gives New York $5 billion in taxes so New York makes $2 billion they didn't have before. It's like New York is so liberal they hate money and want to destroy themselves. Those fucking idiots! Doesn't everyone know you can trust Amazon?
You just let Jeff play games with taxes and everything works out ok in the end. It's like Hollywood where every movie loses money but some how all the people in charge are still rich.
https://www.foxbusiness.com/markets/amazon-earned-5-6b-in-2017-but-paid-no-federal-taxes [foxbusiness.com]
https://www.snopes.com/fact-check/amazon-federal-taxes-2017/ [snopes.com]
https://www.businessinsider.com/amazon-not-paying-taxes-trump-bezos-2018-4 [businessinsider.com]
(Score: 0) by Anonymous Coward on Saturday February 16 2019, @01:10AM
New York hates money? Yeah.
Like, New York is all about money. It's why it's called "New York."
For fuck's sake, Donnie is from New York.