Amazon's HQ2 NYC: Amazon reconsiders headquarters after local opposition, report says

Amazon's HQ2 NYC: Amazon reconsiders headquarters after local opposition, report says

Amazon's HQ2 NYC: Amazon reconsiders headquarters after local opposition, report says

The Washington Post, owned by the founder of Amazon, reported that Amazon executives are reconsidering the New York City site, in the face of the opposition. "Whether it's building a pipeline of local jobs through work force training or funding computer science classes for thousands of New York City students, we are working hard to demonstrate what kind of neighbor we will be", company spokeswoman Jodi Seth told The Post when asked if the New York deal was at risk of failing. And that has Governor Andrew Cuomo seeing red and going to war with his own party. Amazon was down 2.5 percent to $1,574.34 at 12:24 NY.

The initiative has faced loud opposition from the Long Island City neighbourhood, who say that Amazon's expansion could bring more crowded subway stations, an overburdened sewage system and rent increases that would drive out long-time residents.

So, Amazon may be really thinking about pulling back on the New York HQ2 move.

In November 2018, Amazon selected Queens and Arlington, Virginia, as the two sites for its second headquarters.

Last week, New York City's Committee on Finance held a hearing to discuss the almost $3 billion incentive that Mayor Bill de Blasio, Governor Andrew Cuomo, and officials at the Economic Development Corporation (EDC) offered Amazon to come to the Big Apple. The Seattle-based company also said that it expects to generate "incremental tax revenue of more than $10 billion over the next 20 years as a result of Amazon's investment and job creation". This will include a refundable tax credit, through the state's Excelsior Program, of up to $1.2 billion over the next 10 years.

And not everyone has jumped to lay out the welcome mat. Even before these subsidies, New York City has been struggling to fund acceptable public transportation and affordable housing. One point of contention could be Amazon's opposition to labor unions.

Furthering Amazon's troubles is the recent nomination of one of its most outspoken critics, state Senator Michael Gianaris, to the Public Authorities Control Board.

Van Bramer opposes the deal while admitting the projected 25,000 jobs are important.

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It's likely the change of heart has to do with the intense backlash against the idea from New York City residents.

On Friday, Cuomo reacted angrily when asked during a pre-planned, unrelated news conference about the possibility that Amazon might bail on NY.

"This whole thing has been bungled since day one by the mayor and the governor and Amazon", he said.

"No one knows for sure if (the article) is true, and Amazon has been pretty tight-lipped on if they have wandering eyes", the source said.

"A major problem is the way the deal was put together shrouded in secrecy and ignoring what New Yorkers want and need", he said. "I was elected to advocate for our community's interests - and they've requested, clearly, to voice their concerns". NY is known for being a solidly pro-labor city and the e-commerce giant has been the focus of several protests.

However, several NY politicians have been critical of the project and the roughly $3 billion in incentives NY agreed to provide.

On the other hand, Amazon has significant backing in the form of Cuomo and Mayor Bill de Blasio.

"I don't think, in the end, there's a lot of public servants want to be responsible for losing 25,000 to 40,000 jobs", de Blasio said.

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