After well over a year of evaluating 200 bids for Amazon’s new headquarters, and after much intrigue and hoopla the company zeroed-in on a split headquarters between Crystal City in Washington DC, and Queens New York. Champagne corks flew in New York as Amazon projected to bring 25,000 jobs and $2.5 billion in investment to the city.
However the party may be over as Amazon announced last week that it is “re-evaluating” its NYC campus as local officials rallied against courting the company with generous tax incentives. This has pitted local politicos against the Mayor and Governor who insist that that Amazon is welcome and the incentives are well worth it with the economic growth that will follow.
It is amazing to me that after such a long public process, and a big win, NYC may end up with nada, other than recognition of a city that can’t get out of it’s own way to promote growth. Just look at the shift in what companies have emerged as the new economic engines; Google, Apple, Amazon, Microsoft, and the list goes on. NYC’s way, though, is to turn its nose up at an incredible opportunity to begin to solidify its position as a technology hub.