By J. David Goodman Amazon said on Thursday that it was canceling plans to build a corporate campus in New York City. The company had planned to build a sprawling complex in Long Island City, Queens, in exchange for nearly $3 billion in state and city incentives. But the deal had run into fierce opposition from local lawmakers who criticized providing subsidies to one of the world’s richest companies. Amazon said the deal would have created more than 25,000 jobs. Amazon’s decision is a major blow for Gov. Andrew M. Cuomo and Mayor Bill de Blasio, who had set aside their differences to lure the giant tech company to New York. As recently as Wednesday, the governor had brokered a meeting between Amazon executives and union leaders who had been resistant to the deal, according to two people briefed on the sitdown. The meeting ended without any compromise on the part of Amazon, according to the people. In a statement Thursday, Cuomo blamed the Amazon decision on "a small group … [Read more...] about Amazon pulls out of planned New York City headquarters
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Feb 15, 11:33 AM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Kalyan Kumar 02/15/19 AT 9:09 AM For the tech giant Amazon, it was a soured shopping in New York for a second headquarters. Amazon’s offer was indeed jobs galore but the decision to pull out without any compromise meant 25, 000 new jobs lost in New York.Clearly, the flight of jobs will be a setback for New York as new headquarters and additional workforce would have boomed the city's economic sectors such as advertisements and technology.New York Governor Andrew Cuomo was on record that the deal would have raked in $27 billion in revenue in exchange for nearly $3 billion incentives package.What caused Amazon’s retreat? Unlike the Amazon app that makes shopping easy and turns customers relaxed, in New York, local resistance forced the push back of investments that hinged on $3 billion in tax breaks. Amazon was planning to build the new campus at … [Read more...] about Is New York Losing 25,000 Jobs After Amazon Cancels HQ2?
Sarah McBride, Bloomberg Published 6:01 am PST, Friday, February 15, 2019 Amazon.com Inc. isn't the only company that's having a hard time in New York this year. Elon Musk's Boring Co. at one point talked with New York City-area officials about connecting John F. Kennedy International Airport with Manhattan directly via tunnel, a route long considered a kind of holy grail for weary transit riders traveling into and out of the city. But regional engineers raised concerns over the Boring Co. tunnel's feasibility. Possible problems identified by the engineers included ventilation issues, the potential impact on existing New York tunnels and the logistics of emergency response, according to a person who reviewed the engineers' report but who asked not to be identified because the matter is private. The report was completed in recent weeks, the person said. "New York officials informally reached out to us last year to see if our capabilities would be useful to them," a … [Read more...] about Musk’s Boring Co. discussed a JFK transit tunnel with New York officials
A New York woman is trading her smartphone for the chance to win $100,000 if she can go an entire year without using with her -- or anyone else's -- mobile device. Fantasy writer Elana Mugdan was selected from a pool of more than 100,000 applicants to VitaminWater's #nophoneforayear contest, the beverage company announced Friday. Her winning submission stood out for its humor and brand relevance, VitaminWater told CBS MoneyWatch. The former filmmaker directed -- and starred in -- an infomercial for going phoneless. "We were looking for creativity, originality, cultural or brand relevance, humor, and her post capitalized on all those criteria," said VitaminWater brand manager Natalie Suarez. The competition's goal matched VitaminWater's: To break monotony. "VitaminWater broke the monotonous water category by adding vitamins and flavor to water. We have always stood for breaking boring habits -- and what's more mindless than scrolling on your phone?" Suarez said.Friday marks the start of … [Read more...] about New York woman wins chance to ditch smartphone for $100,000
New York lawmakers are not on the same page after Amazon's Thursday announcement that the retail giant was scrapping plans to build a headquarters in Queens' Long Island City neighborhood. The decision "shows that everyday Americans still have the power to organize and fight for their communities, and they can have more say in this country than the richest man in the world," said Congresswoman Alexandria Ocasio-Cortez, whose district is on the border of the one that includes Long Island City. The congresswoman had been vocal about her opposition to the proposed New York City headquarters since Amazon announced it in November. "Amazon is a billion-dollar company," she had tweeted when Amazon first announced their intention to build in New York. "The idea that it will receive hundreds of millions of dollars in tax breaks at a time when our subway is crumbling and our communities need MORE investment, not less, is extremely concerning to residents here." Amazon had said that the new … [Read more...] about New York politicians at odds over Amazon scrapping headquarters plan