A Major Move, Out of a Booming City
April 2, 2019
Do you like to shop online? If so, do you like to shop on Amazon? As the world’s largest e-commerce marketplace and cloud computing platform, Amazon has been a trending destination for millions of people when it comes to online shopping. The company is based in Seattle, where they are primarily focused on e-commerce, cloud computing, and artificial intelligence. However, a recent move by Amazon had captured mixed feelings from all over the nation, specifically in the Big Apple.
Less than a month ago, Amazon had plans to build an expansive corporate campus in New York City. However, the plans were cancelled after the company faced a powerful backlash from lawmakers, progressive activists and union leaders, who claimed that a tech giant, such as Amazon, did not deserve nearly $3 billion in government incentives. The decision came after Amazon was on a search to find a second headquarters, which ended with its announcement in November of opening two new locations, with the first one being in the New York City borough of Queens, offering more than 25,000 jobs and the other in Virginia.
The plans on moving to New York created debates about the matter. Many New Yorkers were debating about the use of public subsidies to entice wealthy companies. The cost of living in gentrifying neighborhoods was also rising. People were also debating the city’s very identity.
Amazon’s decision resulted in many things that did not take place. If the company had kept its headquarters in the area, it would have been an excellent effort to further expand the New York City’s diverse economy by making it an inviting location for the technology industry. But not only that, retailers, malls and restaurants in the city would have also received a huge boost in their businesses. This would have been beneficial to the city in three ways. Amazon’s employees would be given the freedoms of eating out at local restaurants in Long Island City. Also, apartment buildings would benefit as well with new tenants that want to rent an apartment near the company’s offices at their headquarters. Finally, employees could have used local malls in Long Island City and Queens to find materials that they might need for their job.
All in all, Amazon’s decision to move out of New York received the attention of New York and the United States in different directions. Even though there were debates, some people believed it would have boosted the economy of America’s largest city. There is, however, another huge question for the city to think about. Is there another way New York City can boost their economy?