Why Amazon’s New York U-Turn Is Good for America’s Tech Economy
Amazon’s decision to put one of its new headquarters in New York City would have exacerbated America’s geographic inequality. Now the company has a chance to do better
Amazon is abandoning plans for a headquarters in New York City after facing resistance from protestors and local politicians. WSJ’s Jason Bellini reports. Photo: Getty
Amazon.com Inc.’s abandoned plans for a New York City headquarters may have prompted mixed reactions in the Big Apple, but for the rest of the country, it’s good news.
In its announcement, the company said it would continue to invest in its 17 North American corporate and tech hubs, as well as its forthcoming expansions in Northern Virginia and Nashville. Setting politics and any immediate fallout aside, the decision could significantly benefit America’s tech economy in the long run, say experts in regional economic development.
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