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Amazon scraps plan to build a headquarters in New York City

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Even though city officials were hoping for Amazon to move their headquarters to New York, the pressure was too great, and the plan has been scrapped. New York City will lose billions of dollars in revenue solely because some groups did not like the idea of a tech giant in a low-income area.

Credit: Bloomberg New York, Amazon loves you but you’re bringing it down. On Thursday, the Seattle-based e-commerce giant announced that it would withdraw plans to place its second headquarters in.

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Plan to hire 25,000, invest $2.5 billion faced backlash Expansions in Virginia and Nashville not affected by change Amazon.com Inc. said it’s axing plans to build a new corporate campus in New York City, bowing to fierce opposition from some residents and politicians and denying the city what the mayor and governor had called its biggest ever economic win.

Amazon abruptly scrapped plans for a new headquarters in New York that could have created 25,000 jobs, blaming opposition from local leaders upset by the nearly $3 billion in incentives promised by.

NY Political Leaders Failed in Amazon HQ2 Talks, Flying Fish Partner Says Amazon cancels plans for New York City HQ2 – cbsnews.com – Amazon scraps plans for NYC HQ2 . Amazon is pulling out of a plan to build an East Coast headquarters in New York City after facing fierce community opposition to what promised to be a massive.

Amazon has cancelled plans to bring its HQ2 headquarters to New York’s Long Island City, following a major backlash from local politicians. The retail giant revealed today that it will no longer.

 · Amazon.com Inc. is reportedly considering a new nibble at the Big Apple, months after abruptly canceling its plans for a second headquarters in Queens after New York politicians rallied against it.

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Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News on everything pertaining to politics

Amazon Scraps Plan to Build a Headquarters in New York City – (Bloomberg) — Amazon.com Inc. said it’s axing plans to build a new corporate campus in New York City, bowing to fierce opposition from some residents and politicians and denying the city what the mayor and governor had called its biggest ever economic win.

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