Daily Trends Now
Daily Trends Now

Ocasio-Cortez Is Upset World's Most Valuable Company Is Investing In NYC

Ocasio-Cortez Is Upset World's Most Valuable Company Is Investing In NYC

Amazon has said the new jobs will have an average wage over $150,000, and the company has so far suppressed unionization efforts from its workforce.

The HQ2 search sent states and cities into a frenzied bidding war.

In addition, Nashville, Tennessee, will be home to Amazon's new east coast hub of operations, adding 5,000 corporate jobs.

The 29-year-old Democratic socialist, who will represent part of Queens, said Amazon's plans to open HQ2 in the Long Island City neighborhood could overburden the community and push out its working class while reaping very big government tax breaks. Hiring begins next year. Its attractions include a large, landmarked Pepsi-Cola advertising sign and a clock counting down the hours until the end of U.S. President Donald Trump's first presidential term.

"We are excited to build new headquarters in New York City and Northern Virginia", said Jeff Bezos, founder and CEO of Amazon.

Amazon has officially announced its second global headquarters will be split between New York City and. some part of Virginia it's calling "National Landing".

Amazon is set to receive up to $1.2 billion Dollars (roughly $1.59 billion CAD) in tax credits through New York State's "Excelsior" program, as well as an additional $325 million Dollars (roughly $430.55 million CAD) as a cash grant from the "Empire State Development" fund.

It said on Tuesday it will receive performance-based direct incentives of US$1.525 billion from the state of NY, based on the company creating 25,000 jobs in Long Island City.

Virginia will offer $550 million in incentives over 12 years based on a similar number of job creations, contingent on adding the forecasted number of "high-paying jobs", and Amazon will get another $23 million from Arlington.

Alexandria Ocasio-Cortez gave a one-star review to Amazon's plans to put its second headquarters in Queens, saying her constituents have responded with "outrage".

Aside from its HQ2 decision, Amazon may also announce that other cities have won big projects, but it wasn't clear what form they might take or where they would go.

In Virginia, Amazon said it would invest $195 million in infrastructure improvements including in mass transit, including a pedestrian bridge to the adjacent Reagan National Airport. "We made that point to Amazon in our pitch and in person when they visited us here", he said in a statement to The Canadian Press in September.

The Washington Post reported in early-November that Amazon was close to naming its HQ2 location, but Crystal City was the only city named.

The Circle City was among the 20 final cities that were being considered by the Seattle-based company. With the jobs Amazon brings will come strains on housing and transportation. Bringing in a tech giant is also likely to incentivize other companies to move to the city and encourage the development of new businesses in the area.


editors' picks

November 12, 2018
Mourinho blames United's Juventus exertions for derby loss
But Ilkay Gundogan put the result beyond doubt four minutes from time with a third goal that crowned a sublime 44-pass move. United's manager tried to make his team hard to break down but was always up against it after conceding so early.

November 11, 2018
No independent Khashoggi investigation: Ex-Saudi spy chief
However, Erdogan has accused the "highest levels" of the Saudi government of being behind the murder. Yasin Aktay, an advisor to Erdogan, suggested last week that the body may have been dissolved.

November 10, 2018
Judge blocks Trump administration’s approval of the Keystone XL Pipeline
But on Friday McCuaig Boyd said Notley's New Democratic Party government had always supported the Keystone XL plan. The US stretch of line that needs to be built would be 875 miles (1,450 km) long.

November 09, 2018
New chair at Tesla: Robyn Denholm replaces Elon Musk
Days after settling with the SEC over the now famous tweet, Musk turned around and mocked the agency, in another tweet. The new chairman isn't likely to influence Musk's behavior, said Frank Schwope, an analyst with NordLB in Germany.

November 08, 2018
Rumors Abound About a Breaking Bad Movie
It isn't clear at this point whether the film will another prequel like Better Call Saul or pick up where Breaking Bad left off. AMC's hit TV drama Breaking Bad might have ended back in 2013, but the wider universe it was set in continues to thrive.

November 05, 2018
What to Watch For: Packers vs Patriots
Ahead of their big matchup against Tom Brady and the New England Patriots , Aaron Rodgers will be without one of his receivers. Fans in the United Kingdom and Ireland will be able to watch the game live on Sky Sports Action and Sky Sports Main Event.

November 04, 2018
China promises to help ailing Pakistan
They said that under the leadership of the Prime Minster Imran Khan, Pakistan would enter into new era of development. Experts say that the Chinese have pushed Pakistan into heavy debt through the CPEC, a charge denied by Beijing .

November 03, 2018
Search teams recover chairs, wheels from Indonesia jet crash site
Anguished family members have been providing samples for DNA tests and police say results are expected within four to eight days. The JT610 plane that crashed off Jakarta was a Boeing 737 Max 8 jet, a new model that was launched globally previous year .

November 02, 2018
Cesc Fàbregas victor lifts Chelsea to deny Frank Lampard’s Derby
Lampard played 648 times for Chelsea in 13 years at Stamford Bridge and is the club's all-time leading goalscorer. Derby threatened in the second half and nearly scored a third equaliser when David Nugent hit the post late on.

November 01, 2018
Apple's New iOS Releases Today With Group FaceTime & New Emojis
In addition to all these new features, the software update is also expected to bring some performance improvements and bugfixes. The new emojis include red hair, gray hair and curly hair, an emoji for bald people, more emotive smiley faces.