Amazon reportedly rethinking HQ2 in New York City


The company has held internal meetings to assess the situation in NY, where elected officials, labor leaders, and community activists are mounting a resistance to the project, two anonymous sources told The Post. The Washington Post reported the story earlier on Friday.

But after winning one of two so-called HQ2 bids in November-and its 25,000 jobs-New York is reconsidering because of opposition from local politicians, according to a report in the Washington Post citing two people familiar with the situation.

If Amazon backtracks on its plans to build a second headquarters in NYC, it will be a pretty significant blow to the company, considering it held a highly-publicized contest of sorts to choose which American city would be the best place to house the new complex.

Cuomo admitted that the community surrounding the site is "nervous", but he says the 25,000 jobs that Amazon has promised to create are worth any inconvenience.

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. Whether it's building a pipeline of local jobs through workforce 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.

"Economic development has been badly broken in NY for some time", Teachout concluded, "but this proposed deal is grotesque in its scope and audacity".

The report, which cited unnamed sources, said Amazon executives have had discussions recently to rethink the company's plans for ny and consider alternatives.

"Bezos is one of those guys who doesn't like to lose, so does he fight it and win it or does he just (go) elsewhere?" the source said.

The Citibank building, the site of a new workplace for Amazon employees, is seen in Long Island City of the Queens borough of NY, U.S., November 14, 2018. Rep. Alexandria Ocasio-Cortez called it an example of corporate welfare, and Sen.

The Spheres is an Amazon work site in Seattle. Gianaris was recently nominated to a state board that has the power to veto the deal (though he has not yet been confirmed by staunch Amazon supporter Governor Cuomo). The company said it will receive performance-based incentives of $1.525 billion from the state of NY, including an average $48,000 for each job it creates.

Although New York leaders like Gov. Andrew Cuomo (D) and New York City Mayor Bill de Blasio (D) praised the proposed move to the state, progressives like Ocasio-Cortez were outraged. Of this $1.525 billion, up to $1.2 billion could come from a refundable tax credit through New York State's Excelsior Program and a $325 million cash grant from the Empire State Development fund.

Cuomo said NY would be able to "count on one hand the number of millionaires left in New York" if taxes go up. What benefit the company would actually get was unclear.