Amazon opts out of building New York City headquarters

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Linaluo
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Dumb New Yorkers. I hope they chose to go where people want to work and stimulate the economy vs a state that is ok with killing humans.
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Billie.jeens
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Amazon is building a distribution center here right now (Garner)
They already have a fulfillment center in Raleigh.

almost 700,000 square feet - will employ 1500 people

They are using tilt walls, and while this is an area where building is skyrocketing - I don't think that I've ever seen a large building go up this fast.
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Carpy wrote: Fri Feb 15, 2019 7:56 am
Billie.jeens wrote: Fri Feb 15, 2019 7:36 am
Carpy wrote: Fri Feb 15, 2019 6:08 am
25,000 jobs at $150,000 average salary, 10 billion in tax revenue- 3 billion in subsidies. Net gain I 7 billion for NY. Not to mention the net effect to surrounding business.

How does that punish wealthy people?
I'm not sure. Ask the AOC supporters who think NYC was writing Amazon a check.
I could ask them all
There are not that many
She won the primary with something like 4% turnout.
No one voted because they all just assumed the Incumbent would win again.
“Modern journalism is all about deciding which facts the public shouldn’t know because they might reflect badly on Democrats."
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msb64 wrote: Fri Feb 15, 2019 8:17 am
Carpy wrote: Fri Feb 15, 2019 6:08 am
Lemons wrote: Fri Feb 15, 2019 1:44 am

$3 billion dollars in subsidies, . $3 billion dollars that Amazon would have owed the city and state but wouldn’t be paying because they wanted “incentive” to choose NYC. Do you think somehow that makes the city better off than if the city wrote a check and if so can you explain it?

Amazon made $17 billion in profits last year and paid zero in federal tax dollars. They don’t need to skip out on $3 billion in city and state taxes too. NYC needs to find businesses that will pay what they owe.
25,000 jobs at $150,000 average salary, 10 billion in tax revenue- 3 billion in subsidies. Net gain I 7 billion for NY. Not to mention the net effect to surrounding business.
Is there really a gain? There are a ton of tech jobs in NYC (NY's fastest growing sector) so Amazon has three choices when hiring, poach, hire outside of state, hire foreign workers. Poaching is the most cost effective. So if an IT person moves from JP Morgan to Amazon, Amazon gets there $48,000 but NYC doesn't get a change in tax revenue.

People don't like to commute, so there probably would be an increase is demand for housing in Queens but currently that is predominantly zoned single family residences and currently that housing is relatively inexpensive. In order to accommodate the "new" employees, Queens would have to rezone that area to allow for cluster housing/high rise. They would also have to invest in the schools, transportation, road ways, etc.

I don't know if it would have been worth it or not but I just wanted to point out that it's not as simplistic as the numbers you posted above.
People from Brooklyn, the Bronx, Long Island, Westchester County, Rockland County and Manhattan will commute to Queens. That is a lot of people that lost an opportunity.
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Comment from the Yahoo article - And this from Nov 13 2018:

"Both Gov. Cuomo and Mayor de Blasio lauded the selection in separate statements, with the governor saying, "We can proudly say that we have attracted one of the largest, most competitive economic development investments in U.S. history."

"New Yorkers will get tens of thousands of new, good-paying jobs, and Amazon will get the best talent anywhere in the world," said de Blasio. "We’re going to use this opportunity to open up good careers in tech to thousands of people looking for their foothold in the new economy, including those in City colleges and public housing."
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jas wrote: Fri Feb 15, 2019 9:30 am Comment from the Yahoo article - And this from Nov 13 2018:

"Both Gov. Cuomo and Mayor de Blasio lauded the selection in separate statements, with the governor saying, "We can proudly say that we have attracted one of the largest, most competitive economic development investments in U.S. history."

"New Yorkers will get tens of thousands of new, good-paying jobs, and Amazon will get the best talent anywhere in the world," said de Blasio. "We’re going to use this opportunity to open up good careers in tech to thousands of people looking for their foothold in the new economy, including those in City colleges and public housing."
Cortez said it is a major victory for progressive politicians. However the majority of people of NY are saying just the opposite.
TheQueenOfEverything
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source?
Lexy wrote: Fri Feb 15, 2019 9:54 am
jas wrote: Fri Feb 15, 2019 9:30 am Comment from the Yahoo article - And this from Nov 13 2018:

"Both Gov. Cuomo and Mayor de Blasio lauded the selection in separate statements, with the governor saying, "We can proudly say that we have attracted one of the largest, most competitive economic development investments in U.S. history."

"New Yorkers will get tens of thousands of new, good-paying jobs, and Amazon will get the best talent anywhere in the world," said de Blasio. "We’re going to use this opportunity to open up good careers in tech to thousands of people looking for their foothold in the new economy, including those in City colleges and public housing."
Cortez said it is a major victory for progressive politicians. However the majority of people of NY are saying just the opposite.
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Lexy wrote: Fri Feb 15, 2019 9:28 am
msb64 wrote: Fri Feb 15, 2019 8:17 am
Carpy wrote: Fri Feb 15, 2019 6:08 am
25,000 jobs at $150,000 average salary, 10 billion in tax revenue- 3 billion in subsidies. Net gain I 7 billion for NY. Not to mention the net effect to surrounding business.
Is there really a gain? There are a ton of tech jobs in NYC (NY's fastest growing sector) so Amazon has three choices when hiring, poach, hire outside of state, hire foreign workers. Poaching is the most cost effective. So if an IT person moves from JP Morgan to Amazon, Amazon gets there $48,000 but NYC doesn't get a change in tax revenue.

People don't like to commute, so there probably would be an increase is demand for housing in Queens but currently that is predominantly zoned single family residences and currently that housing is relatively inexpensive. In order to accommodate the "new" employees, Queens would have to rezone that area to allow for cluster housing/high rise. They would also have to invest in the schools, transportation, road ways, etc.

I don't know if it would have been worth it or not but I just wanted to point out that it's not as simplistic as the numbers you posted above.
People from Brooklyn, the Bronx, Long Island, Westchester County, Rockland County and Manhattan will commute to Queens. That is a lot of people that lost an opportunity.
There are currently over 8000 job posting for Tech positions in NYC. The 4.2% unemployment rate is not in tech. People who live in the surrounded area who are looking for these tech jobs can find them without Amazon.
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TheQueenOfEverything wrote: Fri Feb 15, 2019 10:04 am source?
Lexy wrote: Fri Feb 15, 2019 9:54 am
jas wrote: Fri Feb 15, 2019 9:30 am Comment from the Yahoo article - And this from Nov 13 2018:

"Both Gov. Cuomo and Mayor de Blasio lauded the selection in separate statements, with the governor saying, "We can proudly say that we have attracted one of the largest, most competitive economic development investments in U.S. history."

"New Yorkers will get tens of thousands of new, good-paying jobs, and Amazon will get the best talent anywhere in the world," said de Blasio. "We’re going to use this opportunity to open up good careers in tech to thousands of people looking for their foothold in the new economy, including those in City colleges and public housing."
Cortez said it is a major victory for progressive politicians. However the majority of people of NY are saying just the opposite.
The poll, conducted from February 4-7, asked 778 New Yorkers: “Do you approve or disapprove of the recently announced deal between Amazon and New York, which grants up to $3 billion in state and city incentives to Amazon in return for Amazon locating its corporate offices in Queens, where it is projected to generate 25,000 jobs?”

A significant majority (56 percent) of all New Yorkers approved of the plan while 36 percent disapproved. Among New York City residents support was slightly stronger at 58 percent.

Support was most pronounced among minorities: 70 percent of black voters approved while just 25 percent disapproved, and 81 percent of Latinos approved compared to 17 percent who disapproved.
https://www.yahoo.com/news/poll-majorit ... 24398.html

https://nypost.com/2019/02/12/majority- ... eens-poll/
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Carpy wrote: Fri Feb 15, 2019 6:08 am
Lemons wrote: Fri Feb 15, 2019 1:44 am
Carpy wrote: Thu Feb 14, 2019 7:58 pm Do people actually think NY was going to write Bezos a check?
$3 billion dollars in subsidies, . $3 billion dollars that Amazon would have owed the city and state but wouldn’t be paying because they wanted “incentive” to choose NYC. Do you think somehow that makes the city better off than if the city wrote a check and if so can you explain it?

Amazon made $17 billion in profits last year and paid zero in federal tax dollars. They don’t need to skip out on $3 billion in city and state taxes too. NYC needs to find businesses that will pay what they owe.
25,000 jobs at $150,000 average salary, 10 billion in tax revenue- 3 billion in subsidies. Net gain I 7 billion for NY. Not to mention the net effect to surrounding business.
With unemployment at an all time low, how would they fill those jobs? Have you been to Long Island City? taken the subway? Neighborhood doesn't want them.
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