Amazon dumps NYC plans

NEW HEADQUARTERS HAD PROMISED 25,000 JOBS

Amazon abruptly dropped plans Thursday for a big new headquarters in New York that would have brought 25,000 jobs to the city, reversing course after politicians and activists objected to the nearly $3 billion in tax breaks promised to what is already one of the world’s richest, most powerful companies.

“We are disappointed to have reached this conclusion — we love New York,” the online giant from Seattle said in a blog post announcing its withdrawal.

The stunning move was a serious blow to Gov. Andrew Cuomo and Mayor Bill de Blasio, who had lobbied intensely to land the project, competing against more than 200 other metropolitan areas across the continent that were practically tripping over each other to offer incentives to Amazon in a fierce bidding war the company stoked.

Democratic Rep. Alexandria OcasioCortez, New York City’s new liberal firebrand, exulted over Amazon’s pullout.

“Today was the day a group of dedicated, everyday New Yorkers and their neighbours defeated Amazon’s corporate greed, its worker exploitation, and the power of the richest man in the world,” she tweeted, referring to Amazon CEO Jeff Bezos.

The swift unravelling of the project reflected growing antipathy toward large technology companies among liberals and populists who accuse big business of holding down wages and wielding too much political clout, analysts said.

“This all of a sudden became a perfect test case for all those arguments,” said Joe Parilla, a fellow at the Brooking Institution’s Metropolitan Policy Project.

Amazon ultimately decided it did not want to be drawn into that battle.

Amazon announced in November that it had chosen the Long Island City section of Queens for one of two new headquarters, with the other in Arlington, Virginia. Both would get 25,000 jobs. A third site in Nashville, Tennessee, would get 5,000.