Tag: Relocation of Business

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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