Industry News Market Update Mobile News Technology

Amazon drops plans for HQ2 in New York City

Photo by Christian Wiediger on Unsplash

In a stunning reversal, Amazon announced it was dropping HQ2 plans for New York City after it faced backlash from state and local politicians. The company will not reopen the HQ2 search and representatives said the 25,000 jobs that were intended for New York City will be filled in various tech hubs outside of Seattle. 

Mike Rosenberg | The Seattle Times

Amazon has no immediate plans to grow in Seattle beyond its offices under construction now, and the 25,000 jobs intended for New York will be mostly spread across its various North American tech hubs outside Seattle now that the company has canceled the Long Island City part of its HQ2 expansion, the company said Thursday.

The company announced in a surprise blog post Thursday morning that it was canceling plans for a second headquarters in Long Island City, New York, in the face of contentious debates about the size of the tax incentives it was offered and the potential impact on the area.

The reversal came just a few months after Amazon unveiled its intentions to split 50,000 jobs between New York and Northern Virginia. The company also said it would not reopen its HQ2 search.

To read the full piece, click here: Amazon: Canceled New York jobs likely to go elsewhere; company will ‘continue to evaluate’ growth in Seattle

Related posts

Portland Business Journal quotes Lennox Scott in RMLS April Report coverage

jlspr

What it’s like to buy and sell a house in Seattle’s craziest-ever market

jlspr

NAR June 2017 HOME Survey

jlspr