One of the most talked-about business decisions last year was Amazon’s choice of New York City (technically, Long Island City across from Manhattan) as one of its new headquarter homes. Opposition to the deal was heavy from both sides as the right thought the price in the form of tax cuts was too high while the left wondered why a company the size of Amazon needed tax cuts in the first place.
Now, it seems like it’s a moot point. Amazon has decided to pull out of New York City while continuing their plans with Washington DC and Nashville.
— John Ward (@YamIinRI) February 14, 2019
Is this a negotiating tool? That would be hard to swallow since the deal they were getting was so good, it’s hard to imagine needing to negotiate for even more incentives. Then again, it’s Amazon. It’s Jeff Bezos. They have a ton of influence and would be considered an amazing prize for any city, even the biggest of them all.
We’ll keep a close eye on this one. It’s not that we’re overly concerned about the business moves of Amazon, but this new development puts such a new wrinkle in understanding one of the most powerful companies in the world.