Article

2019-02-09 Economy

Amazon exploring potential alternatives to New York HQ: source

WASHINGTON (Reuters) - Amazon.com Inc is exploring alternatives to locating part of its new headquarters in New York in case the plan should fail due to local opposition, a person briefed on the matter told Reuters on Friday.

The online retailer has not yet acquired any land for the project, which would make it easy to scrap its plans, the source said. The Washington Post reported the story earlier on Friday.

The person briefed on the matter said that Amazon was still working toward winning approval from New York officials and had not given up on the proposal, but was considering potential alternatives to New York.

Earlier, the Post, which is owned by Amazon Chief Executive Jeff Bezos, reported that Amazon executives had had internal discussions to reassess the situation in New York and explore alternatives. It cited two unnamed people familiar with the retailer’s thinking.

In a statement on Friday, Amazon said it was working to engage with New Yorkers, but did not discuss whether it would change its plans.

Posted by Besoeker 2019-02-09 02:04|| || Front Page|| [11133 views ] Top

#1 Why Amazon would want to be anywhere near megatax New York is a mystery. Even if NY is offering tax breaks, those can (and will) vanish at the legislature's whim.

Posted by PBMcL 2019-02-09 12:54|| 2019-02-09 12:54|| Front Page Top

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