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How long would it be before other businesses would fully occupy the particular block of Long Island City Amazon was prepared to invest in? And would the employ

by tom-_- 8y ago

How long would it be before other businesses would fully occupy the particular block of Long Island City Amazon was prepared to invest in? And would the employees of these businesses earn on average equal to or greater than the average NYC Amazon employee? These aren't rhetorical questions, and I don't know enough about Long Island City to have a confident guess at the answers but when evaluating whether Amazon HQ is economically a net positive, these are important to know.

gamblor956 8y ago
That block was previously occupied and was cleared out for HQ2, so...almost immediately?
anth_anm 8y ago
> And would the employees of these businesses earn on average equal to or greater than the average NYC Amazon employee? Does it matter? If they earn enough to live and spend locally then isn't that good enough? Some Amazon employee giving a developer an extra 1000 bucks a month for a luxury apartment and getting their food delivered instead of going to the store isn't exactly an amazing economic benefit.
- bdod6 8y ago
  Are you sure? 25,000 employees * 12 months * 1000 = 300 million in economic activity. Obviously not all 25000 employees would get an extra 1k, but the point being...these things can scale significantly when you're talking about Amazon. It's not a trivial thing for SMBs to fill the void that Amazon is leaving.
rajataghi 8y ago
It's like Amazon will occupy and populate all of the buildings from day 1. They will also eventually hire people or transfer people over, I remember reading that they plan to bring 25,000 jobs over the next 3 years.
tom-_- 8y ago
This was the proposed location of the Long Island City campus along Vernon Boulevard bordered by 44th Road, 46th Avenue and East River: https://goo.gl/maps/6G43qfpqLws https://goo.gl/maps/6G43qfpqLws . Whether provided by Amazon or otherwise, tech employees would at least ostensibly be a net positive in terms of tax revenue.

by tom-_- 8y ago

gamblor956 8y ago

That block was previously occupied and was cleared out for HQ2, so...almost immediately?

anth_anm 8y ago

> And would the employees of these businesses earn on average equal to or greater than the average NYC Amazon employee? Does it matter? If they earn enough to live and spend locally then isn't that good enough? Some Amazon employee giving a developer an extra 1000 bucks a month for a luxury apartment and getting their food delivered instead of going to the store isn't exactly an amazing economic benefit.

bdod6 8y ago
Are you sure? 25,000 employees * 12 months * 1000 = 300 million in economic activity. Obviously not all 25000 employees would get an extra 1k, but the point being...these things can scale significantly when you're talking about Amazon. It's not a trivial thing for SMBs to fill the void that Amazon is leaving.

rajataghi 8y ago

It's like Amazon will occupy and populate all of the buildings from day 1. They will also eventually hire people or transfer people over, I remember reading that they plan to bring 25,000 jobs over the next 3 years.

tom-_- 8y ago

This was the proposed location of the Long Island City campus along Vernon Boulevard bordered by 44th Road, 46th Avenue and East River: https://goo.gl/maps/6G43qfpqLws https://goo.gl/maps/6G43qfpqLws . Whether provided by Amazon or otherwise, tech employees would at least ostensibly be a net positive in terms of tax revenue.