Opposition centered around the tax subsidies, which some opponents seemed to misunderstand. New York was not proposing to give Amazon $3 billion in cash, but to lower future taxes, saving the company money.
to build its second headquarters in Long Island City, across the East River from Manhattan. City leaders, advocates, and pundits are still trying to understand what happened. One of the possible explanations is that Amazon always had the upper hand and the city was not able to counter its superior bargaining position. Perhaps Amazon pulled out because it wanted to show that no city, not even New York City, can out-negotiate Amazon.
To review the chain of events: last year the mega-firm, Amazon, launched intense competition between twenty cities who fell all over themselves to be the site of the firm’s second headquarters. Last November the company split the"HQ2" choosing two winners--New York City and northern Virginia.
At the announcement last November of New York's win, city politicians hailed the announcement, with Amazon promising up to 25,000 jobs in New York along with the physical revival of the city’s rundown Long Island City neighborhood.
But on February 14, after several months of contentious politics, Amazon pulled the plug on New York . Some advocates and politicians celebrated the decision, saying they always thought it was a bad deal. One of those politicians, who was always a critic -- U.S. Representative -- said it was a victory because Amazon lost. She said Amazon's decision to not come was a defeat for “Amazon’s corporate greed, its worker exploitation, and the power of the richest man in the world.
Opposition centered around the tax subsidies, which some opponents seemed to misunderstand. New York was not proposing to give Amazon $3 billion in cash, but to lower future taxes, saving the company money.
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