Amazon Pulls Out of Planned New York City Campus

Re:Amazon Pulls Out of Planned New York City Campus by airstrike on Thursday February 14, 2019 @12:41PM (#19163909)

> It's not going to be organic. Instead, these same deals are going to be spread out to a bunch of other companies, most of which will pay less than Amazon on average and the "subsidies" will take longer to be a net positive.

Only if you assume those other companies collectively hold the same bargaining power that Amazon did, which is an assumption I can't agree with

[ Parent | on HN ]

Re:Amazon Pulls Out of Planned New York City Campus by jhall1468 on Thursday February 14, 2019 @12:47PM (#19163978)

Man... the misinformation is so stunning. They don't NEED bargaining power because these tax deals were done through programs that already existed in New York. The overwhelming majority of the money involved in this requires you only meet the eligibility requirements.

The biggest aspect of this deal for Amazon was reduced regulatory burden. That was Amazon's actual goal here, the tax offsets were just the icing that every company is going to end up getting by making a major move like this.

[ Parent | on HN ]

Re:Amazon Pulls Out of Planned New York City Campus by krn on Thursday February 14, 2019 @01:02PM (#19164150)

Then why has Google announced a major expansion in New York City without making a show out of it? Did anyone protest about Google adding more than 7,000 jobs to the area? Amazon has clearly failed here to offer something everyone would be happy about.

[ Parent | on HN ]

Re:Amazon Pulls Out of Planned New York City Campus by ubercore on Thursday February 14, 2019 @03:13PM (#19165542)

I thought Google didn't receive any subsidies for opening in NYC?

[ Parent | on HN ]