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Amazon abandons plan for new $5bn HQ in New York

Amazon abandons plan for new $5bn HQ in New York

Mubasher: The US-based multinational e-commerce company, Amazon, has waived a plan to build a new headquarters in New York after a wave of criticism.

Amazon was planning to build a new headquarters in the city with $5 billion investments, which was expected to create thousands of jobs.

Image result for amazon headquarters

The recent development represents a threat to New York mayor’s, Bill De Blasio, plan to diversify the city’s economy.

De Blasio offered Amazon $3 billion government incentives to lure the company to build its new headquarters in New York, which ignited pretests and triggered criticism.

Image result for New York mayor, Bill De Blasio

“A number of state and local politicians have made it clear that they oppose our presence and will not work with us to build the type of relationships that are required to go forward,” Amazon stated.

In November, Amazon said that it was close to finalising a deal that will help locate its second headquarters between Long Island City in Queens, New York, and Crystal City in Arlington in the state of Virginia.