Why Amazon Canceled Its HQ2 Plans In New York
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- เผยแพร่เมื่อ 15 ต.ค. 2024
- Amazon canceled its HQ2 in New York City. Mayor de Blasio criticized Amazon's decision saying, "You have to be tough to make it in New York City." In November, the e-commerce giant chose to build its new headquarters in Long Island City, Queens, but the move was met with backlash from New York locals and politicians. Governor Cuomo was in favor of the HQ2 plans, estimating it could have created over 107,000 total jobs and $27.5 billion in city and state tax revenue over the next 25 years.
Following is a transcript of the video:
Amazon is canceling HQ2 in New York City.
The company announced in November that it would build a new headquarters in New York.
Amazon claimed it would provide "25,000 full-time high-paying jobs," as well as a $2.5 billion investment in New York's Long Island City neighborhood.
New York Gov. Andrew Cuomo and NYC Mayor Bill de Blasio were supportive of Amazon coming to the city.
But local politicians like Rep. Alexandria Ocasio-Cortez panned the deal.
Twitter reads:"Amazon is a billion-dollar company. The idea that it will receive hundreds of millions of dollars in tax breaks at a time when our subway is crumbling and our communities need MORE investment, not less, is extremely concerning to residents here."
"We've been getting calls and outreach from Queens residents all day about this.The community's response? Outrage."
Amazon would have received an estimated $3 billion in tax incentives.
The company cited local opposition as a reason for canceling its New York plans.
Governor Cuomo's office estimated HQ2 could have created over 107,000 total jobs, as well as $27.5 billion in city and state tax revenue over the next 25 years.
Cuomo said the opposing politicians "should be held accountable for this lost economic opportunity."
Mayor de Blasio criticized Amazon's decision in a statement: "You have to be tough to make it in New York City," and "Instead of working with the community, Amazon threw away that opportunity."
Amazon said it won't reopen its search for another HQ2 location at this time.
However, the company will move forward with its plans to build a headquarters in Northern Virginia, as well as an operations center in Nashville.
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Why Amazon Canceled Its HQ2 Plans In New York
I live in NYC and I am very disappointed by this decision. Why people opposed progress is beyond my comprehension. I am sure the protesters do their shopping using Amazon. Double moral
I’m from N.Y. and this would’ve been a great opportunity in my view. $2bil in tax breaks for Amazon in order to bring $25bil over the coming years in jobs. I feel like the city as a whole took a fat L 🙁
Sounds like Amazon had cold feet to begin w/ using excuses instead of just making it happen. Fk em from NJ.
It wasn’t going to bring in that much, it’s 5 billion that could have been spent to directly care for its current inhabitants that would be price out of their homes when Amazon came to town and started raising the cost of living.
It’s like being happy that a Walmart it’s coming to your town, sure it will bring quite a few low paying jobs but it’s going to kill the local economy.
This would have been really bad for the locals because prices of housing and other things would have rose a lot.
I'd love it if the $25 billion they projected was directly tied to the $2 billion in tax breaks. Aka don't meet the promises you are making then you don't get the billions either
Daren McMillian I also heard that MTA was heavily dependent of the deal. Since they don’t get enough funding from the state, from what I heard. Because the last time I was in NYC. The state of the trains weren’t great. So I can imagine how it’s fairing now. Since millions of New Yorkers depend on it.
*Bezos Pull Out Game Strong*
_Bob McCoy just stop please your doing this just got the likes
And now the train in there still doesn't work. Congratulations NYC, you played yourselves.
@m It really isn't.... especially when bringing 25bill to the city could actually have more subways in ny, meaning less traffic duh....
Zaheed Chapman 25 billion is not even a larger amount for NYC. I’m not saying NYC should not have taken that money but how ineffective the system is (literally the country or most of the world). A single subway renovation could take few billion dollars and worked on for decades. A mile of subway costs billions.
@@haoteng2823 But 25 billion is still a lot for the city... and hes it would be worth it if that subway takes decades and a few billions because NY needs new subways anyways. They're crowded without Amazon around so what's the difference?...
@@haoteng2823 The MTA is rich it's not poor.. your acting as if that NYC doesn't have billions...
Zaheed Chapman NYC has billions does not mean money will go to the subway. Maybe it will go to the healthcare. Right???????
Bezos playing a 200 IQ move
Your comments aren’t even that good.
H E L L O A G A I N
Theres no way you got here that early
Caught Justin Y under 100 likes
@True Gooner They where giving a tax break in which no money was gained or lossed however they where to benfit greatly over the taxes in the next few years. You nor AOC understand basic economics. Aoc is absence of cortex just like her followers.
If the people of New York don't want them it's better to go somewhere else.
Mission failed we’ll get em next time
nah mission success because Texas is where the real buissness is not newyork
@Valens nah bro COD all the way
Support government welfare not big business ....great play democrats
damn i was looking forward to reduced shipping times
Well I guess being employed doesn't matter.
1. Amazon should come to Chicago or somewhere else in the midwest.
2. The mayor and governor are pissed because they already invested PERSONALLY into real estate in Long Island, as well as telling all their ELITIST friends to do the same. Now they are stuck with WORTHLESS PROPERTY HAHAHAHAHAHA
*_Yet 2/3 of Americans Use Amazon_*
Jordan_IsBored
Yes, which means they have more than enough money to build without needing tax payer funding.
Jay Johnson
They are free to do want they want, but what ever city they set up shop in is going to suffer. Tax money shouldn’t being paying for a billionaire who’s company pays zero in taxes.
@@Cangeltibon It's not tax payer funding. It's collecting less in taxes as an incentive. Or would have been, but neo-marxists that failed Econ 101 ruined it.
Have I started an argument?
cavscout888
Econ101 is apparently as far as you’ve gotten. If you don’t collect taxes that you normally would have who’s making up for it? Oh yeah the quickly shirking middle class. And why is the middle class shrinking? Oh yeah, because we keep giving “incentives” aka tax payer money with extra steps to the already rich.
if nyc got rid of its welfare class, it could afford to be the greatest city. it aint _got_ to be nyc anymore, the days where nyc had a "monopoly" on anything are long over. nyc gotta keep their game sharp, or the crown is gonna pass.
Why not give the people of NYC tax incentives and make the billionaire pay his way like the rest of us.
Hire the same number of people he does.
May be New York people are not bright as people think 😂😂
No we are brighter than most people. Why have Amazon come here? New York is already unaffordable and to have Amazon here will make it increasingly unaffordable. It's not about jobs....go work for Amazon and see how much they pay their workers. Amazon isn't even unionized
@@boardingpassjunkie Really bro? They were the amongst the first to have 15$ as min wage.
@@akhil2024😂 $15 per hour is peanuts in NYC😂
Most NYers (80%) welcomed Amazon. The 20% were just loud and made so much noise that they drowned out the 80% making Amazon leave.
That’s great news - why give a company worth billions of dollars, a tax break?
Ya tbh I am glad it was not going to be built in New York, it needs to be built in other places that are more centralized in the US, like Denver, not just for the tax incentives...
yes exactly
It wont happen because of the unskilled tech labor force
@@HunkMine exactly.... If this is a main headquarters they are looking at who they can hire too. Sure there are cheaper areas, but you aren't going to find too many highly skilled "database engineers" (to name a random job) out in Indiana or something that are in close proximity to the building. They aren't looking for delivery drivers, they are looking to build the website and service.
Now NY has no new jobs, no new tax revenue, no new growth, some dumb college kid/bartender as a rep and the trains still don't work. I got out just in time.
Well socialists that's how socialism works. Now nobody in NY gets to make $150K a year plus benefits from Amazon😂👍
Cortez=Sanders=Maduro=Chavez=Stalin=Mao=Lenin ... well you get the point. Always good stuff.
Cortez is a Republican you know that right?
@@flash803sqbz3
I am talking about Ocasio-Cortez, as the video makes it clear. She is the epitome of a hardcore Marxist.
Wasn't aware there is another politician Cortez out there.
Throw in Hitler, also a neo-marxist.
@@cavscout888
As a matter of fact; what's the fundamental difference between National-Socialists (aka Nazi) and Communists?
None are Libertarians. In fact none cherish and/or implement in practice the 3 tenants of human prosperity: Economic Freedom (Capitalism), Civil Liberties (your neighbor accepts you the way you are, no judging), and Scientific method (no fairy tales, like for example religiens).
So yea - I can add Hitler to the list with my heart open.
@@LV-426... Neo-marxism. People like to give it all the cute names so we forget what it is, and what's happened each time. You forgot Mussolini too. Came straight from Italy's socialist party.
Please dont go dont gooooooooo
The community just wanted to talk about the deal. Amazon took there ball and went home without even coming to the table.
All because of the Cortez woman
I waiting for reduced shipping times uhhh
I made big bucks because of this😊😂
How is that
I made more
short selling amazon stocks...
So what was the reason?
New York has been giving tax breaks like this for decades and they said that bringing Amazon here would generate 25 billion dollars in tax revenue over the course of so many years, my question is where's all the tax revenue that came from those previous tax breaks for companies; and why has none of it been put towards the crumbling subway system?
Sure this may have been a great financial opportunity for New York, but if the politicians are neglecting their City the people aren't going to be too Keen to go through with their decisions; if you don't want politicians and citizens scaring off business opportunity start treating them better.
It doesn't matter how financially smart you are or how capable you are, all of that is meaningless if you don't have the support of the people; I'm pretty sure that Gotham show made a good example when Penguin got elected mayor.
So they don't want tons of high paying jobs, just free stuff and cheap apartments huh?
Collected Reader I guess😂
Yeah, because who would want an affordable place to live?
When you know this shit isn’t gonna be built cuz of his divorce
When liberalism directly opposes free Enterprise and development 🤣
0:01 Bruh.
They should go somewhere where there is more space New York ? Are cray cray and u know amazon will barely pay for ur rent especially in New York since I’ve heard it expensive
AMAZING! thank you so much to all our local politicians and activist that fought this I was so afraid how far our beautiful big city could fall, every industry would have felt the economic burden of Amazon. Especially all the retail workers in New York
I wonder if Amazon HQ was built in NY... Can ppl in NY afford rent and everything? I heard it is already ridiculously expensive. Also creating a job is great but no one said that Amazon is going to hire locals. I don't know how many local ppl who actually qualify for HQ Job. Just saying... I still don't know which one was better for ppl who live there.
Filling those unwilling to work positions like a boss, lol!
I shop Amazon but got to admit this is a win for the locals on NY.. Amazon's pay and benefits and employee treatment is beyond absurd.. they cant keep employees!
Santino where did you hear this? I have multiple family members who work at amazon and they have nothing but nice things to say about them.
Word from Baltimore, everything you said was spot on. People constantly quit amazon here and they're forced to go on these mass hiring sprees while also overworking the one that stay, punishing them.
Good riddance, support local businesses over monopolies
Support government welfare
Who needs all those jobs anyways, power to the people (unemployed people).
Baked Hermit Crab yeah local unemployed businesses. Congrats!
local businesses would still thrive with an Amazon presence in LIC, Queens. You know how many restaurants, bars, banks, duane reades, would've sprung up in Queens? Many of them 25,000 employees will likely live in Queens, and that's a lot of mouths to feed.
My2CommonSense
Please research before you reply, “new company/store” doesn’t mean “good”, the long term consequences of allowing these companies usually destroy the local economy.
Thing about mega stores and Fortune 500s are the Olympics, very exciting everyone wants them in their country, higher ups throw money around to attract them, if chosen the live of locals are up ended with construction alone much less what done later to make the areas more appealing for people with money to spend, its opening day everyone is excited everyone pretends that it was all worth it. A few days after the closing ceremonies things slow down enough to realize that the whole thing was not only a waste of money, but it didn’t end up helping the locals, a few venders made out well but the major of the money spent never goes back to the community, the destroyed neighborhoods won’t be rebuilt and anyone left standing is now paying for a buildings that will never giving anything back but must be maintained.
You wont give 3 billion in tax incentives to gain 27 billion in taxes and 25,000 jobs? That makes sense.
Cortez says they need more investment... wtf does she think this project would have been an investment.. has anyone checked to see if she really got an economics degree? I heard that was her course of study. And if so, what university did she get it from? She has said a lot of cringeworthy things and that green deal is ridiculous, but the statement at :37 has really driven the nail into the coffin, I don’t think she will recover. This would have been a good deal, and if the people don’t want it... fine, but clearly Cortez does not know what she is talking about.
To bad they can't build it in Miami! Granted they'd have to build a hurricane-proof bunker but the people will be on their knees for a job! 😎
Hurricane proof bunker? why?
Greatest city in the world my ass lol
THANKS AOC. VERY NICE.
Wow really
Mr. B should move Amazon to Indianapolis. Central hubs for FedX and UPS. :D
Despite being a conservative, I completely agree with AOC on this. Those tax breaks for a company that big isn’t something of a free market.
E B That’s the thing. A trillion dollar company doesn’t need those tax breaks. He searched throughout the whole country to find the best deal and found it in NYC, which was essentially paying him to lobby them. He’d already hired $13 million worth of lobbyists to help position himself higher against his competition, a move that would essentially hurt small businesses the most. If he really cared about “investing in the community” he’d do it in places like Detroit, not already powerful and wealthy places like NYC and DC. There’s more than what meets the eye with things like this.
@@Ar938 Democrats are such self defeating fools
@@rodgermurphy5721 Why? Because they want to better representate their communities rather than use political stunts like giving massive tax breaks in hopes for jobs?
@@JamesBen937 in hopes of jobs you say...NYC just said no thank you to thousands of good high paying jobs for decades to come! In exchange for the 3 billion in tax breaks you pretend to care about New York stare would have got back over 30.billion in new tax dollars every year. You can't really be this clueless and naive?
Oh and that's a tax BREAK...it would have cost NY nothing out of pocket...and still they say no. Your insane left wing overlords are destroying you so badly
Armando, no one would want to invest in Detroit cause it's a poverty-stricken city, have the highest crime, and there's little tech talent there. Amazon is a corporation, in business to make money. It's not a charity foundation. As for why a trillion dollar company need tax breaks, it's because it has to be a win-win deal. Since it's one of the most valuable and largest company in the world today, NYC will benefit a lot to have such a large employer in the city. If NYC wants to be the tech hub of the world, it must attract companies like Apple, Microsoft, Google, and Amazon. Amazon's thinking would be, we have to get something out of this deal too. Amazon don't have to be in NYC, cause they already know many other cities would kill (figure of speech, of course) to have them there.
Sir, your welcome to come to Wolverhampton Wv in England. You business is welcome to WV.
A monopoly talk during valentines
*W A O*
Isn’t Amazon a trillion dollar company? Because the woman said billion dollar company... :/
Alot of people who don't live in NY commenting like they know everything. The city has problems that money can fix, yet here comes a trillion dollar company demanding they set up shop in our state practically for free. That's not a deal, it's a con.
before you place judgement on New York think about. they are saying we will build this company in this city and we wont support it.
@Austin lol at least the ship doesnt have. a group of people refusing to help fix the ship and just way it down more
Politicians really need to work together and finds some common ground, as for Amazon it would be great they cam to LIC in NYC but they should not be subsidized by state and local taxes, they should just spend the money themselves or even just make a deal for the state and the city to lower there taxes in order for Amazon to build there 2nd HQ.
John McKeon Because you say so?
"high paying jobs" lmao
I live im Montreal near New York and was glad for shorter delivery times, but boy was I wrong.
Well played you played yourself
Hit like for Jefff Migoz
Dc-metropolitcian area-1 new york-0
Bezos and his team will find a way. It’s what they do.
I am from NY amzn got harassed & shaken down🐵
Why would anyone in New York want Amazon when this big company takes the tax incentive? First, it's not fair to the local businesses which pay taxes. Second, it deprives the local governmental services and infrastructures by shifting the resources to Amazon. Many businesses want to set up offices in New York. There are lots of opportunities to make jobs in the city. Who are in their right minds would want this big company take away the benefits from them?
Come to Atlanta
In indy we have 4 Amazon center and i can say its does nothing positive for the community honestly.
@Jay Johnson no
Ok
Why should they get billions in tax incentives?
Why should a company pay taxes? Read a book, kid.
...because they create jobs that actually keep people employed. If people earn wages, they are off the government's welfare list - and pay taxes. Tax incentives are created by governments to encourage companies to invest in their countries, else they would...just go elsewhere and with that, go the jobs states need for their residents.
@Jay Johnson In a capitalist and consumer economy that's beneficial - encouraged, even.
Bezos having a temper tantrums because his mistress won't sleep with him last night. New York was the casualty.
Just go to Detroit
New York do new york
Who has iPhone 7
Sad toaster
PLEASE COME TO TORONTO - I HAVE A 3.9GPA AND WOULD LOVE TO WORK FOR THIS COMPANY MY WHOLE LIFE SINCE TORONTO HAS MY WHOLE LIFE
PLEASE JEFF
1xxicecatxx1 Jeff, you need to learn about caps lock, ok? Toronto is a waste of time. I live here and it's horrible. Born and raised.
@@BeeRich33 why do you say its a waste of time ? transportation ? that may be true but the economic integration within Toronto is far more superior than any other city in the world and will offer amazon a new way of management- new corporate governance through culture diversity
Also our financial district(banks) are very strong! why ? The canadian banks in 08 survived while banks in Europe, for example Iceland, suffered far more.
Toronto is a Prime Location
@@1xxicecatxx1 Sorry, I don't buy your "diversity" kick. It's not working for many locations in the western world. Our banks are a protected industry, regardless. Toronto still needs to grow up. We are not cosmopolitain, although we think we're World Class. Not even close. We have too much government, and we're highly provincial.
Bribing Amazon is just wrong
Yep, bad deal. Is Foxconn still building a plant in Wisconsin?
A: actually
O: overpaid
C: communist
Bluff gimmick
First, the fulfillment centre in South park, Colorado failed and now this? Great job Bezos!
Happy Valentine's day everyone ❤💞
S4s
Amazon is gonna loose out on top talent. No one wants to relocate/live in Virginia or Tennessee
Really? Lol.
devang88 Amazon has product shipping buildings in Tennessee. Great folks. No state income tax! Thousands of independent dealers make a living through Amazon.
Dude the dc metro-politican area is one of the fastest growing areas in the country
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