Amazon pulls out of plan to build New York City headquarters after backlash

NY has had a long running TV ad campaign trying to attract new business to the state. They seem not to realize that taxes are too high with little or no benefit to those who live there.
Manhattan is the exception. Companies need to be near like business for trade and financial reasons. Companies who do have offices there have to maximize every square feet of space. San Francisco, London, Tokyo and Hong Kong are also expensive places to do business. Amazon's choice to redevelop property in Long Island City is not the same as being in Manhattan. Not as bad as Newark but still risky.

 

Good! Now maybe Jeff Bezos will build his new headquarters in Atlanta -- which would make more sense by FAR than any other location in the entire Eastern Time Zone.

As far as a Loonie-Tunes moron like 'Ocort' is concerned, she's happy that she and other morons like her have run Amazon off. After all, you don't need a multi-billion dollar corporation like Amazon and the many thousands of excellent jobs it would provide.

Thus, according to the learned Ms. Ocasio-Cortez, instead of all that politically-incorrect Capitalism crap ...

 

The Amazon business model is quite unique. They have been building and expanding for 20 years and still don't show much profit. That is because Bezos has been building distribution centers and fulfilment centers all over the country and is far from done. NY missed an opportunity I think they will regret.

https://www.geekwire.com/2017/unite...ractive-graphic-shows-tech-giant-growing-now/

 

Georgia could be a possibility. They have expanded there to over 3,000 employees so far. Texas is probably a more logical location as long as they have a presence near DC.

https://www.geekwire.com/2017/unite...ractive-graphic-shows-tech-giant-growing-now/

 

More AOC derangement syndrome. While AOC publicly opposed the deal she was hardly the most outspoken opponent.

And how good of a deal was it if Amazon could pull out on a whim? I bet if NY backed out they would be getting sued right now.

 

Whatever

 

People are fleeing liberal states like NJ and NY in droves for good reasons. Given enough time and some leverage, AOC will single handily destroy whatever she touches.

 

I have always liked my Kimber 1911's except for the fact they were built in an unfriendly to guns state. Now they are finally moving, err, Expanding. Very Wise!

Kimber’s Expansion Into
Alabama, Due To Gun Laws Or Something Else?

https://bearingarms.com/tom-k/2018/01/20/kimber-leave-new-york-alabama-gun-laws/

 

I would like Atlanta because it has a very major airport, relatively inexpensive real estate in the vicinity of the airport (at the far southern edge of the city), and because there would be much less strangling congestion in the southern precincts of Atlanta. I know it is a huge city, but a headquarters of the kind that Amazon would want, would need to be in a major league city. That said, Houston, or even Dallas could be worthy candidates, too, but maybe not far enough away from the Pacific Northwest....

 

Atlanta used to be called the little apple didn't it? I almost went to work for John Portman there right out of college. I liked what I saw of Atlanta but got a better offer in Chicago.

 

Everything it touches turns to dog ****.

 

Amazon is definitely wrong to give 130 billion to its CEOs and hundreds of billions more to its other executives, while its workers earn barely enough to live, while at the same time it is bankrupting a lot of smaller businesses that sell products.

The solution is progressive taxes that help spread some of that wealth down to workers and a minimum wage that matches cost of living. Its not to try to drive them out of NYC or get them to choose between building somewhere else or giving decent wages to their workers.

We need a system where even if the people with economic power are selfish, workers will still get decent wages and a good share of economic growth, not one that relies on corporations doing what is right out of guilt or charity.

 

Wow, you must feel exhausted trying to attack Dem Congressmen.

Can you even justify Amazon pulling out? Did the want more concessions?

 

Bezo's draws a much small salary than his 2 top exec's. They are no doubt very well paid.
Average managers make 130-150K. They are all pretty smart and good businessman.

Warehouse workers? Well, they make what most warehouse workers make.

Screw the living wage crap. There is no free lunch, anywhere.

 

Troll

 

Bezos is the richest man in the world, he is richer than any of his other executives, by definition. You need to consider stock options and his cut of the entire company when evaluating his income.

I am not complaining about salaries for managers. In fact, since they life in expensive cities where houses are going for $500,000, they need every penny of that $150,000.

I am not expecting warehouse workers to be rolling in money, but I do expect that if you are bankrupting numerous businesses and laying off their workers, that the warehouse workers you are replacing them with at least earn enough to get by. What is so wrong with the executives earning less but still very well so that their workers can afford to live?

 

In New York, at least.

 

There are definitely downsides to having Amazon, notwithstanding the new jobs they'll bring. I live in DC and the real estate market is going to go through the roof. It will soon be a lot harder to buy a home around here, and prices are already bad.

 

There is, but Amazon Needs to be near DC. If they locate anywhere in Fairfax county it will be expensive but that is the price of doing business. Workers may have to commute. It's really not much different in any other major centers of business or in this case government. Their AWS Cloud does lots of business with DOD, other intel agencies, GSA and many other US government agencies all located in DC.

There are a number of problems with Amazon locating in any heavily democrat dominated city. In NY one big problem besides progressive politicians is the unions. Amazon didn't want union involvement but that doesn't fly in NYC. They also misjudged where they were planning to build. Half of the site is in Cortez's district. Like many large companies they may have an office in the financial district if they don't already but it won't be a sprawling new HQ in Long Island City.

 

Reminds me of one of Aesops fables

 

Warehouse workers? there are more conveyors and robots than warehouse workers combined. Amazon have a nasty habits of promise a certain number of warehouse workers that they they replaced with robots.

 

25,000 jobs gone. 80% of NY Hispanics and 70% of NY blacks wanted Amazon.

All gone.

And the Democratic Party wonders why it has an anti-business reputation. Fools.

This is why the South is growing and the North is decaying.

 

NYC already has jobs and tons of businesses. They don't have to lure businesses with huge giveaways. They could get the same 25k jobs by using a fraction of that $3 billion on smaller or existing companies.

 

The way Amazon pulled out so quickly shows that they were not serious about the location at all. It is better for the region that they pull out now than 1 year or 5 years down the road, when tax payer's money has been spent and people have invested their own money into the expected "boom". Looking at other sweetening deals with tax payer's money to lure companies, this is what happens: The company gets their tax benefit. Then, they start lobbying for more benefits with the threat to take their jobs elsewhere. When they eventually do (lured by another tax giveaway) they leave the area in worse shape than it was before they came.

 

Laughable. And idiotic.