The WSJ has just confirmed tonight that the rumors are true, Amazon will split their new headquarters between Long Island City in the Queens borough of NYC and Crystal City, Virginia.
Originally, Amazon set out to find a place to setup a 2nd headquarters that would be separate but equal to the Seattle headquarters. That seems unlikely now that there will be 2 additional headquarters.
On the plus side, adding 50,000 jobs to just one location would likely wreak havoc with traffic and housing prices, so this plan is likely better for everyone.
Amazon seems to have learned from sports teams that cities are willing to pony up big incentives to land a high profile team. With their public search, no city in the nation wanted to be left behind. But while a team can only play in one city, Amazon didn’t have that limitation and will take advantage of incentives from 2 locations.
Are you surprised that Amazon decided to split its new headquarters into 2?
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31 Comments On "Amazon Will Split Their New Headquarters Between NYC And Northern Virginia"
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Smart idea. Seems like they wanted Virginia all along, but were able to leverage all the tax incentives to use in negotiations with VA and NY
This was called the Amazon Con – it is claimed that Amazon knew where it wanted to place it’s new offices, but was looking to wrestle subsidies and tax breaks by making it into a bidding war.
On the plus side, some of the traffic will now go the other way from Manhattan, and perhaps the city will add some train lines.
Another Amazon minyan coming to a cafeteria near u.
Mamzers
Baruch Hashem! This is a great boom for America’s largest frum community.
I think you mean boon.
Not surprised at all. I bet u in 2 years Bezos will start again to search for new incentives
I hope all the LIC employees find out about the Riker’s drop point before they sign any dotted lines
Not at all surprised. Bezos already have houses in close proximity. DC was obvious to control regulation. Amazon’s HQ2 was a con, not a contest. A great transfer of wealth from police, school and fire departments to a former trillion dollar company. Thanks for playing suckers.
Not really. NYC’s ridiculously high income taxes on thousands of new employees will be truly massive.
Incentives will help Amazon, but it definitely won’t be a wealth transfer out of the city’s coffers. wealth
NJ offered $7B. How much did “Amazon Cuomo” offer? Hundred of millions or a few billions? Not known yet. 238 cities bid on HQ2. Amazon played 236 cities well and made sure NYC and Northern VA gave AMZN the best possible deals. This was not a competition. “Everbody” knew it was a choice between 2-3 cities. There was no need for NYC and northern VA to be this generous. No one grows up in Kansas dreaming about going anywhere but the big ~5 cities in the US.
Forgot that NJ was a player in this. I wonder why not Newark over LIC? It’s still basically NYC.
Seems like everyone who was counting on Newark is now toast. Property values just dropped 50%+ in Newark.
ridiculously high income taxes goes along with the ridiculously high number of high paying jobs. My finance job doesn’t exist in Cleveland.
This was not only about the tax breaks Amazon could get from the cities. Amazon now has a vast amount of historical data and future plans for nearly every city that submitted entries into the “contest.” Amazon really won on this one and got exactly what they wanted. Since Amazon started this contest, DC area and NYC were always the top two contestants. Amazon really scammed everyone.
Seems a bit like a bait and switch. First promising 50k jobs and then downgrading to 25k after getting concessions.
I think a sports team could pull off having more than one home city. It was done long ago (the Steagles once existed). It’s more unlikely now, but as a San Diegan, I think the Raiders could have pulled off playing 3 games in Oakland, 3 games in San Diego, 3 games in Mexico City and 3 games in London. They could just be “The Raiders.”
Nice to see NYC finally catch a break to get on the map.
ha!
Can’t help but be nervous that this will be a disaster for Queens.
Doubtful that even the new and improved LGA will be able to handle.
LGA isn’t even adding any runways. They’re just looking for ways to waste billions of dollars putting lipstick on a pig.
ANd I bet Amazon could sell the heck out of that new fangled automated lipstick applicator 😉
AMZN boasting of raising minimum wage to $15… I betcha that “Amazon cuomo’s” incentives helped them a great deal with that… Coming out of us NYC taxpayers dollars… when Bezos moves in I don’t think the little guy benefits…
Whoever thinks different does not know Bezos or Amazon culture well enough
I’m sure no income tax Washington employees will be dying to transfer to NY. And even if it’s a NY new hire they’ll be constantly maneuvering for VA or WA transfers. Seems weird to me unless they have salary differentials.
Depending on what the person does the difference between no job or a job could make a difference. Amazon will implement transfer policy rules to prevent those maneuvers. They are not known for their employee-friendly policies.
I’m sure high demand IT workers are quaking in their boots about that. NOT.
Self driving cars in Queens?
They already have a large office in nyc. This is just a way to get lots of tax consessions and move from their expensive midtown office to a cheaper queens office, while creating the most amount of publicity for amzn.
This is cronyism, corporate welfare and tax breaks for some and not others no company big or small should receive special treatment from the government. This destroys competition, how is anyone supposed to compete with a company that is getting billions from the government, it is terrible economics and totally unfair. We need a level playing field for all, with low taxes. If they believe low taxes will create jobs then lower it for everyone, is only Amazon capable of creating jobs? And I like Amazon in fact I’m a prime member, but I hate when some people or companies get special treatment, it is bad economically and is just wrong, there is no justification for making the hard working guy who’s paying taxes, subsidize another company.
LGA is lengthening its runways and possibly adding gates but gates won’t help if their is already a long line to take off.
NYC stopped dropping off prisoners solely in LIC.
1.5 to 2b is the estimated cost of tax incentives plus help getting a helipad.
Considering other states were offering much more and some didnt have state income tax, the locations were definitely set beforehand. Suprised that they didnt choose Austin, TX.