So is this a boon for Northern Virginia or will something similar happen there?
This is the first time I’m seeing Nashville mentioned, so I wonder if they’ll benefit somehow from this.
nashville was a logistics hub for them, i think.
Amazon Pulls Out of Planned New York City Campus
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Re: Amazon Pulls Out of Planned New York City Campus
#82Earlier quoted context omitted.
Even if the city gets back much more in tax revenue?
Lol dude that never happens.
Yes it does. It's extremely common for businesses to be offered incentives like this. They are usually bounded in a way to ensure it's beneficial to the city. The ones I've seen are requiring a certain number of headcount be maintained over a specific duration, a certain amount in salary be paid out over a specific period of time, and certain infrastructure be installed within a certain period. If these obligations aren't met, then the company is required to pay back the incentives plus penalties.
Re: Amazon Pulls Out of Planned New York City Campus
#83>> We do not intend to re-open the HQ2 search at this time . We will proceed as planned in Northern Virginia and Nashville Weird.
Translated: "Fuck you, New York."
Re: Amazon Pulls Out of Planned New York City Campus
#84A shame. As an employee of a Big N company in NYC, this would have provided upward pressure on my salary (even if personally I wouldn't want to go work for Amazon). But I didn't like the big tax breaks, and as a taxpayer of the city I'm glad my money won't go towards subsidizing the expansion of one of the world's most valuable companies. It's too bad Amazon wasn't willing to pay their fair share.
If Amazon moving in creates wage pressure, isn't there basically an indirect yet tangible advantage that both you and NYC/NYS would pay for? Why should something that vaguely amounts to an arbitrage situation be free?
It shouldn't but can be
Re: Amazon Pulls Out of Planned New York City Campus
#85Wonder how many people started real-estate speculation who might be hurt from this?
Whatever real estate may have been purchased in or around LIC is still going to be valuable even without this deal, but may take a little longer to recover.
Re: Amazon Pulls Out of Planned New York City Campus
#86Re: Amazon Pulls Out of Planned New York City Campus
#87Totally anedcotal evidence, but the first 5 top level comments (make that 6 now) are all against Amazon for NYC. Looks like we’ve reached our “Gettysburg” moment against corporate welfare. Terrible years of war still left, but the tide has turned.
God I hope this comment ages well, but my skepticism is very high. We still have cabals of corporate paid lawmakers at every level of government and there's still tons of lobbying money putting a finger on the scale of the fight.
But fewer Foxconn style deals and race to the bottom HQ2 publicity stunts would be great for everyone (except the mega-corps).
Re: Amazon Pulls Out of Planned New York City Campus
#88Earlier quoted context omitted.
Even if the city gets back much more in tax revenue?
You're getting downvoted, but it's true. If I recall, the city/state would've broken even not that far into the future, and then everything after that would've been pure profit for them.
do you have a link to that data?
Re: Amazon Pulls Out of Planned New York City Campus
#89Earlier quoted context omitted.
Amazon is already in NYC and Newark though!
Not with any serious engineering presence of note. I'm a SWE, so other positions don't affect me.
They do! Audible is headquartered in Newark, and there are lots of larger Ads, AWS, and Video orgs in the city too.
This isn't internal information, you can look it up on the career page.
https://www.amazon.jobs/en/search?offset=0&result_limit=10&s...