Amazon’s not taking a bite out of the Big Apple after all. The tech behemoth ditched plans to build a new headquarters in New York after facing intense backlash from some community members.
Activists, politicians and others balked at the $1.525 billion in incentives New York offered Amazon to put the headquarters in Long Island City, Queens.
They also feared residents would be priced out of their homes. Amazon had selected New York and Northern Virginia as the dual homes of its second headquarters, each expected to come with 25,000 workers.
So, is New York’s loss another city’s gain? Not necessarily. Amazon said it won’t “reopen the HQ2 search at this time,” so other cities may want to hold off on dusting off those metro marketing plans.