The Wall Street Journal reported that Amazon abruptly withdrew plans to move half of its North American headquarters (HQ2) back to Queens. Then, in less than a year, the e-commerce giant rented another office space in Hudson Square. The company said in an interview that it had signed a lease of 335,000 square feet (31,000 square meters) to accommodate the office needs of more than 1,500 employees.
(From: Amazon, via Crubed)
The lease also marks the e-commerce giant’s biggest expansion in New York City since Amazon abandoned the relocation of half of its HQ2 headquarters on Long Island to Anable Basin on Long Island.
According to the relevant arrangement documents, if the transaction is completed, HQ2 could expand its space by 6 to 8 million square feet (approximately 55.74 to 74.32 million square meters) over the next 15 years.
Amazon says it will bring 25,000 jobs and $27 billion in tax revenue to New York under the HQ2 deal brokered by Gov. Andrew Cuomo and Mayor Bill de Blasio.
Earlier, some community spokesmen and officials criticized the massive $3 billion subsidy policy. On Friday, Congresswoman Ocasio-Cortez commented on the matter on social media.
Instead of using public money to provide so much subsidy to big businesses, she says, the government should use it to help poor families.