Amazon Abandons Plans For Second Headquarters In NYC


Amazon has revealed that it has already dropped its plans to build its second headquarters in New York City. The announcement comes after facing strict opposition from both the state and local politicians.

In November last year, the third-most valuable company in the world had announced its plans to split its second headquarters in the United States of America, known as HQ2, across Virginia and New York. The move was anticipated to generate approximately 25,000 jobs.

However, Amazon was faced with an unwelcome reception from some of the local residents in the Queens neighbourhood where its new site was supposed to land, who objected to the $2.8 billion (£2.2 billion) worth of incentives that the tech giant was assured in exchange for choosing New York.

In a statement, Amazon said that it will not be seeking out a replacement site elsewhere, nor move any of the jobs that were planned for the headquarters to another campus. The company stated: “For Amazon, the commitment to build a new headquarters requires positive, collaborative relationships with state and local elected officials who will be supportive over the long-term.”

It continued: “a number of state and local politicians have made it clear that they oppose our presence and will not work with us to build the type of relationships that are required to go forward with the project”.

Despite Amazon expressing its gratitude of Bill De Blasio, the mayor of New York, for his efforts on the said project, de Blasio slammed the e-commerce company for persevering.

He stated: “We gave Amazon the opportunity to be a good neighbour and do business in the greatest city in the world.”

The tech giant continued: “Instead of working with the community, Amazon threw away that opportunity.”

The shares in Amazon dropped by 0.5 percent on the revelation of the news.