Amazon Deciding Not to Come to NY Will Impact Hudson Valley
Amazon canceling plans to build a headquarters in New York will have "far-reaching effects" in the Hudson Valley.
In November, Amazon announced plans to build a $3 billion second corporate campus in New York City. Gov. Andrew Cuomo estimated the tech-giant coming to Long Island City in Queens would bring 25,000-40,000 job to New York.
"Amazon chose to come to New York because we are the capital of the world and the best place to do business. We competed in and won the most hotly contested national economic development competition in the United States, resulting in at least 25,000-40,000 good paying jobs for our state and nearly $30 billion dollars in new revenue to fund transit improvements, new housing, schools and countless other quality of life improvements. Bringing Amazon to New York diversified our economy away from real estate and Wall Street, further cementing our status as an emerging center for tech and was an extraordinary economic win not just for Queens and New York City, but for the entire region, from Long Island to Albany's nanotech center," Cuomo said in a press release.
The reaction to Amazon coming to New York was mixed, with some politicians slamming massive tax breaks given to Amazon to come to New York.
Early this week rumors started to surface that Amazon was reconsidering building a second headquarters in New York. On Thursday, the tech-giant made the news official, the company pulled out of the deal.
"After much thought and deliberation, we’ve decided not to move forward with our plans to build a headquarters for Amazon in Long Island City, Queens," Amazon spokeswoman Jodi Seth said according to a tweet from New York Times writer J. David Goodman.
Gov. Cuomo was upset about the news and blamed a group of politicians.
"A small group politicians put their own narrow political interests above their community -- which poll after poll showed overwhelmingly supported bringing Amazon to Long Island City -- the state's economic future and the best interests of the people of this state. The New York State Senate has done tremendous damage. They should be held accountable for this lost economic opportunity," Cuomo said in a statement Thursday.
Hudson Valley Economic Development Corporation President and CEO Mike Oates believes Amazon pulling out of the deal will have a negative effect in the region.
"This will have far-reaching effects in New York, including Westchester County and the Hudson Valley. New York will have to work even harder in the future to offset this negative outcome," Oates said in a statement. " Short-sighted politicians clearly did not understand the value of incentives that were performance based. This could have meant 25,000 high quality jobs with an average salary of $150,000. This is like fumbling the football on the one-yard line in the Super Bowl."
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