Tuesday, 17 December 2019

Amazon's move to New York

From The Guardian:

Amazon said on Friday it will open offices in New York City’s Hudson Yards neighborhood in 2021 to house its consumer and advertising teams, marking its most substantial expansion in the city since the reversal.

The move comes 10 months after the company cancelled plans for a headquarters in Queens after extensive backlash from residents and politicians, including Ocasio-Cortez.

They had objected to the nearly $3bn in financial incentives the city and state had offered Amazon for the construction of the headquarters.

Ms Ocasio-Cortez ('AOC' to her friends) has given herself a well deserved pat on the back for calling this one right.


Dinero said...

There is an Amazon warehouse at Tilbury Essex. It has a bus service.

mombers said...

What about objections to inevitable rent rises as thousands of high income jobs are created? The incentives are given as a carrot to bring jobs and tax revenue in but these are dwarfed by the housing problems that ensue. You're ok if you get an Amazon job and have bought a home at pre-Amazon prices but even then you're in a worse position to trade up. If you get an Amazon job but rent you pretty soon hand over your incremental salary increase in rent or mortgage. If you don't get an Amazon job and rent you're moving backwards

Mark Wadsworth said...

D, and a very sensible place to put it, i.e. near the docks.

M, sure, but that always happens. It can't be an argument against better-paying employers setting up shop in an area. We can siphon off the surplus with LVT, but with or without it, lower earners will end up worse off.