Amazon Scraps Plan to Build a Headquarters in New York City

  • Site would have brought as many as 40,000 jobs to the area
  • Expansions in Virginia and Nashville not affected by change
Amazon won’t build a second headquarters in New York City. Bloomberg’s Mike McKee reports.Markets: European Close." (Source: Bloomberg)
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Amazon.com Inc. said it’s axing plans to build a new corporate campus in New York City, bowing to fierce opposition from some residents and politicians and denying the city what the mayor and governor had called its biggest ever economic win.

New York Governor Andrew Cuomo and New York City Mayor Bill de Blasio lobbied hard to bring the deal to the city, with the governor even jokingly offering to change his name. They touted the promise of as many 40,000 jobs in the city over the next two decades with an average salary of $150,000.