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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.

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