Tag: Relocation of Business

Spurning Erdogan’s Vision, Turks Leave in Droves, Draining Money and Talent

ISTANBUL — For 17 years, President Recep Tayyip Erdogan won elections by offering voters a vision of restoring the glories of Turkey’s Ottoman past. He extended his country’s influence with increased trade and military deployments, and he raised living standards with years of unbroken economic growth. But after a failed […]

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Google to Add $1 Billion New York Campus for 7,000 More Workers

Google said on Monday it would expand its presence in New York City with a $1 billion campus in the West Village, allowing the company to double the size of its 7,000-employee work force over the next decade. The centerpiece of the 1.7 million-square-foot hub will the St. John’s Terminal […]

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Chase for Talent Pushes Tech Giants Far Beyond West Coast

SAN FRANCISCO — This generation’s biggest technology companies — including Apple, Amazon and Google — have long been tied to their hometowns. Now these giants are increasingly outgrowing their West Coast roots. Driven by a limited pool of skilled workers and the ballooning cost of living in their home bases […]

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Amazon Hires Lobbyists for N.Y. Site and Tries to Fend Off Ocasio-Cortez

[What you need to know to start the day: Get New York Today in your inbox.] Amazon is trying to quell rising opposition to its plan for offices in New York, hiring well-connected lobbyists to make its case in the corridors of power even as it mounts a block-by-block neighborhood […]

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Taxpayers Always Lose Industry’s Shell Game With Jobs

When General Motors announced that it was idling five plants in the United States and Canada last week, there was shock in two American cities. One was Warren, Ohio, where G.M. builds the Chevrolet Cruze at its Lordstown assembly plant. Folks in the industrial heartland are no strangers to this […]

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New York’s Amazon Deal Is a Bad Bargain

Throughout its 14-month search for a second headquarters — which has concluded with the dual selection of Long Island City, Queens, and Arlington, Va. — Amazon talked of its need for things like transportation, housing and a business-friendly environment. But did Amazon really select New York City for its transportation […]

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Cities Should Stop Playing the Amazon HQ2 Bidding Game

It’s official: Amazon has anointed New York and Northern Virginia as locations for a major expansion, involving at least 25,000 employees and an investment of $5 billion. The announcement is the culmination of an intense bidding war among 238 cities for Amazon’s promise of $50 billion in investment and 50,000 […]

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Amazon Announces New York and Virginia as HQ2 Picks

SEATTLE — Amazon laid out its plans for two of the biggest economic development projects in the country on Tuesday, announcing that it will put major corporate outposts in New York City and Arlington, Va. The two locations, in Long Island City in Queens and Crystal City in Arlington, just […]

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New York Should Say No to Amazon

This week, word leaked that Amazon may be close to finalizing a deal to set up a major operation in Long Island City, Queens. The news, which was embraced with peak sycophancy by Gov. Andrew Cuomo — he literally offered to change his name to “Amazon Cuomo” to make it […]

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What We Don’t Know About Amazon’s Split HQ2

SEATTLE — For more than a year, Amazon searched for a second headquarters, a home to as many as 50,000 workers that would be coequal to its current home in Seattle. Instead, Amazon is closing in on deals to split what it called HQ2 into two locations, according to people […]

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Have a Cryptocurrency Company? Bermuda, Malta or Gibraltar Wants You

“For every one license we’ve issued, we’ve probably said no to 10,” he said. “When you’re considering a new sector, to bring in big names is extremely attractive, but they’ve got to be good names. So you’ve got to be willing to say no to even some of the bigger ones.” Online gambling is responsible […]

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Leaving New York to Find the American Dream in Philadelphia

The scent in the workshop where Brian Christopher makes his wooden furniture is at once inviting and entirely unfamiliar. “It’s a nice mix between sawdust, which I can’t even smell anymore,” Mr. Christopher explained, “and then the bakery across the hall — they’re constantly cooking croissants.” American oak shavings on the floor of Mr. Christopher’s […]

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One County Thrives. The Next One Over Struggles. Economists Take Note.

Loudoun County, Va., and Jefferson County, W.Va., share bucolic countryside and a 14-mile border. But there are two big differences between them that capture something fundamental about our age. Economically, Loudoun County is humming from the technology boom in Washington’s suburbs, with the number of businesses rising 49 percent from 2005 to 2015. But on […]

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Why Cities Can’t Stop Poaching From One Another

Location decisions often ultimately turn on quirks like the C.E.O.’s personal preferences. And most companies, including sports franchises, have higher priorities than tax breaks. Amazon’s request for bids was full of them: a specialized labor force, a good transit network, an airport hub, major universities to produce workers and amenities to keep them. Consultants once […]

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