4 ms·
Amazon did the logical thing. It chose to NYC initially, not because it had some benevolent intent to improve the city's crumbling infra or create more jobs for
by product50 8y ago
Amazon did the logical thing. It chose to NYC initially, not because it had some benevolent intent to improve the city's crumbling infra or create more jobs for its union workers, but because it fit their selection criteria nicely and their were tax benefits. The infra and job part would come regardless of which city Amazon chose and had nothing specific to Amazon's selection of NYC itself. Now that NYC is rescinding on the benefit part and increasingly it looks like the local & state govt are not able to control the public backlash, despite majority of New Yorkers supporting the deal (and the support for this deal is even larger among minorities), then pulling away is the natural outcome.
This is a competitive market and there are enough cities in US who are willing to bend backwards for 25k high paying jobs and prospects it offers (including becoming future tech hubs). NYC loss is bound to some other city's gains.