Amazon May Bail On New York Headquarters After Locals Rage Against It

Amazon May Bail On New York Headquarters After Locals Rage Against It

However, several NY politicians have been critical of the project and the roughly $3 billion in incentives NY agreed to provide. But is it just talk?

Last week, New York City's Committee on Finance held a hearing to discuss the almost $3 billion incentive that Mayor Bill de Blasio, Governor Andrew Cuomo, and officials at the Economic Development Corporation (EDC) offered Amazon to come to the Big Apple.

However, the prospect of 25,000 new jobs in the area with an average annual salary exceeding $150,000 has not dissuaded opposition from certain elected officials and advocacy groups. "This is getting the business community very anxious about the future of NY".

Noting the Post's report, Cuomo accused the state Senate-whose leader recently tapped an Amazon critic for a board that might have sway over the project's subsidies-of "governmental malpractice" and siding with those who are "pandering to the local politics".

"We have to expect that if Amazon did pull out of this deal altogether, that sales velocity might go back to the pre-Amazon number", Smith predicted. City Council members for the second time aggressively challenged company executives at a hearing where activists booed and unfurled anti-Amazon banners. After all, foolishness isn't reserved to New Yorkers alone.

The Wall Street Journal's Jimmy Vielkind got Gianaris's response: "Very curious he had a slide ready to be presented 10 minutes after the news broke that Amazon was reconsidering". Protesters have become increasingly vocal, flipping some politicians who were originally for HQ2 against it. Opponents are taking issue with the lucrative subsidies offered to Amazon, and the impending strain the new operation could place on infrastructure and affordability. While nothing irreversible has happened, the ball is most certainly already in motion.

"We're focused on engaging with our new neighbors - small business owners, educators, and community leaders", it said.

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Of course, Amazon has heavily researched other cities and may still be in conversation with some of them for potential future sites.

Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, on January 29, 2016. Participating organizations include Queens Neighborhoods United, Desis Rising Up & Moving, and the New York City Democratic Socialists.

But the company has not made the decision to withdraw, and the discussions could be seen as a threat to quiet the opposition. Effectively, Amazon would repopulate a neighborhood and would help Arlington County, Va. with a long-stated goal of revitalizing their community. Cuomo's policies aimed at boosting job growth across NY through billions of dollars in tax incentives and business subsidies had been criticized for years by Republicans and Democrats alike even before the Amazon deal was announced last fall. Either way, that certainly seems to be the way Cuomo is handling the news.

One of them proclaimed, "Stop the Senate's effort to pass the millionaires tax".

In a statement on Friday, Amazon said it was working to engage with New Yorkers, but did not discuss whether it would change its plans.

Stuart Appelbaum, President of the Retail, Wholesale and Department Store Union, said if the Amazon deal falls apart they will have nobody to blame but themselves.

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