AOC, Sanders say I told you so, as Amazon, Facebook move to NYC


  • Corporate News
  • Monday, 09 Dec 2019

FILE PHOTO: U.S. Rep. Alexandria Ocasio-Cortez (D-NY) introduces Democratic 2020 U.S. presidential candidate and U.S. Senator Bernie Sanders (I-VT) during the "Bernie's Back" rally at Queensbridge Park in the Queens Borough of New York City, U.S., October 19, 2019. REUTERS/Andrew Kelly

San Francisco: Democratic Representative Alexandria Ocasio-Cortez (AOC) and Presidential candidate Bernie Sanders are taking a victory lap after Amazon.com Inc and other technology giants leased millions of sq ft of office space in New York City – without the billions of dollars in government support that Amazon tried to negotiate earlier this year.

Amazon signed a lease last Friday for 335,000 sq ft in the Hudson Yards neighbourhood, enough space for more than 1,500 workers. The largest US e-commerce company said it wasn’t getting tax benefits or other incentives.

A few weeks earlier, Facebook Inc leased more than 1.5 million sq ft in the city, and the social-networking giant is looking for 700,000 more sq ft, according to the Wall Street Journal.

Google is also in the midst of a major expansion in the city, adding thousands of employees in coming years.

The moves suggest that New York’s deep pool of talented workers is still attracting tech companies even after Amazon abandoned a much larger expansion in the area following fierce public criticism of almost US$3bil in tax breaks and subsidies promised to the company.AOC, who represents parts of the Bronx and Queens, was a vocal critic of Amazon’s doomed HQ2 deal, and she tweeted that the company’s recent lease proved she was right.

Sanders, who has slammed Amazon for warehouse working conditions and the company’s low federal tax rate, weighed in this weekend, too. — Bloomberg


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