Amazon drops plans to add headquarters in New York City

bone said:
New York ranks #1 in exodus to other states.

https://www.bizjournals.com/newyork...-ranks-no-1-in-losing-residents-to-other.html
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Absolutely correct. I know of several people who have left NY in the past few years because it has become increasingly punishing for taxpayers.

One guy was paying property tax of more than $20k on his 2,000 square foot house. Another guy owned commercial property where the property taxes almost equaled his rent roll!

It'll be fun to watch what happens when millennial Ocasio-Cortez's Green New Deal comes to pass.
 
R1234 said:
Absolutely correct. I know of several people who have left NY in the past few years because it has become increasingly punishing for taxpayers.

One guy was paying property tax of more than $20k on his 2,000 square foot house. Another guy owned commercial property where the property taxes almost equaled his rent roll!

It'll be fun to watch what happens when millennial Ocasio-Cortez's Green New Deal comes to pass.
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Wow, you know several people?

You can always expatriate to Asia and catch the bird flu and do your part!
 
Florida property taxes combined with the property insurance ain't cheaper. Anyway Florida needs all those yankee's to outnumber rednecks
 
bone said:
Is Amazon a huge soul crushing conglomerate that's taking over the world? Yeah. Are they going away? No. Only getting bigger. Walmart did it to local brick and mortar forever - and now Amazon's doing it to Walmart forever.

What's unique about this is that you really can blame it on the politicians and a particular political party. In fact, Amazon specifically stated political opposition as the reason for scrapping their New York plans. Kudos to them for being specific. And now Queens doesn't have to worry about gentrification any more. Because it's all about identity.

I count at least $2.84B in public money spent on sports stadiums in the State on New York in the past decade (New York Times). And those stadiums are exempted from annual property taxes and they sure as hell don't support 20,000 good paying full time employment middle class jobs.

https://www.nytimes.com/2018/07/11/nyregion/stadiums-arenas-funding-nyc.html

The States of Virginia and Tennessee were certainly willing to offer competitive tax packages.

Look, tax incentives are a necessary price of admission for any big company expanding and building. Every State is going to aggressively pursue companies and offer incentives. The idea is that the income the state gives up in property taxes and incentives they recover in employee income taxes and associated construction and various services and maintenance revenues to local businesses that are necessary to support a huge facility with 20K workers.

Louisiana versus New York worker quality is really beside the point. This is mostly about shipping and handling packages. The minor part about marketing and software development and business expansion and website platforms takes place on a smaller scale and on a campus setting - Amazon already announced those tech campus expansions in Nashville and Northern Virginia last fall.

FedEx has their major handling hub out of Memphis, Tennessee. UPS has their major handling hub out of Atlanta, Georgia. DHL has their major handling hub out of Cincinnati/Northern Kentucky. That's logistics, IT, flights, airplane maintenance, and of course package handling/routing.
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They were going to make HQ2 a giant warehouse? Do you have a Link for that?
 
bone said:
New York ranks #1 in exodus to other states.

https://www.bizjournals.com/newyork...-ranks-no-1-in-losing-residents-to-other.html
More...
Given that the 5 top states that New Yorkers are "fleeing" to are Florida, New Jersey, California, Pennsylvania and North Carolina I'm not sure that supports the whole "libtards ruined NY and everyone is fleeing" narrative that some on this thread are pushing (maybe just the NC part). It could just as plausibly support the "people in NY make a lot of money because it's one of the most dynamic economies in the world and then retire to FL" narrative. If we're talking anecdotal stories here that's what I've been hearing for, oh, 30 years. NYC alone has a bigger economy than the entire state of FL, and the increasing returns to adoption you get from having all that in one spot mean that's not going to change any time soon. I hear the same thing about CA all the time, but as an entrepreneur I sure as hell am not going to start a business in Kansas or Florida or Mississippi because they're good solid low tax red states....because they have jack in the way of all the things you need to actually start and grow a business.
 
newwurldmn said:
They were going to make HQ2 a giant warehouse? Do you have a Link for that?
More...

Amazon was keeping specifics close to their vest but they were throwing around figures between 20K-50K employees at HQ2 - there was certainly distribution involved. I mentioned FedEx, UPS, and DHL in a previous post because those Headquarters are not just administrative headquarters but airplanes and maintenance, logistics, IT, materials storage and handling and distribution; the whole shebang.

It's academic at this point. According to Amazon, they are no longer going to pursue this "HQ2" Headquarters Deux Campus idea - and they are going to build out Nashville and D.C. (which they announced November 2018, instead).
 
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