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“This is a stunning development, with Amazon essentially giving in to vocal critics,” said Mark Hamrick, a senior economic analyst at Bankrate.com men’s wearhouse cufflinks. The about-turn could spook other companies thinking about expanding in New York, he added. Alphabet Inc’s Google has avoided competitions between cities for offices, and its growing presence in lower Manhattan has met with little serious blowback. Google said in December it plans to invest more than $1 billion on a new campus in New York to double its current headcount of more than 7,000 people..
“I think the (Amazon) PR event turned out to be a mistake,” said Jason Benowitz, senior portfolio manager at the Roosevelt Investment Group, who owns Amazon shares. Shares of Amazon fell 1 percent. Hours before the announcement, Amazon officials in New York betrayed no knowledge of the deal’s cancellation when they met with local community members on Thursday morning, said Kenny Greenberg, a neon artist and member of Long Island City’s community board. “Either they are really good poker players or they were not aware,” Greenberg said of the Amazon representatives men’s wearhouse cufflinks. “There was no hint of this at all.”..
The meeting with Amazon officials had been held to answer concerns from the community about labor conditions for Amazon’s warehouse and delivery workers and the company’s opposition to labor unions men’s wearhouse cufflinks. U.S. Representative Carolyn Maloney, a Democrat whose district includes the proposed site, lamented the loss of jobs and new revenues. “This is not the Valentine that NY needed,” she wrote, adding that she had been ready to push for changes to the deal to address local concerns..
NEW YORK (Reuters) – Amazon.com Inc’s decision on Thursday to scrap its proposal to locate a second headquarters in the Queens borough of New York City ignited a sea of dueling reactions on Twitter, with some calling it a victory for working people while others said it meant that fewer people would work. Some people who praised the pullout included references to the wealth of Amazon’s chief executive and founder, Jeff Bezos, the world’s richest man with an estimated fortune of about $135 billion, while many who saw the decision as a blow to New York cited the loss of potentially tens of thousands of new jobs men’s wearhouse cufflinks.
The deal negotiated by New York Governor Andrew Cuomo and New York City Mayor Bill de Blasio had offered the world’s largest online retailer about $3 billion in incentives, in exchange for the company’s promise of 25,000 new jobs in the Long Island City section of Queens men’s wearhouse cufflinks. One person identified as Aditya Mukerjee simply tweeted: “Goodbye, Amazon, and good riddance.”. Local politicians who had opposed the deal were quick to claim victory, while others heaped criticism on the politicians for helping to drive out Amazon..