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Google announces major expansion in New York City

140 pointsby richardboegliover 6 years ago

6 comments

projectramoover 6 years ago
Tired of the expense of the Bay Area, companies are now uncovering small, cheap gems that no one knew about like NYC.
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remarkEonover 6 years ago
I can&#x27;t be the only one concluding that we&#x27;re near the end of a nice run for tech, with all these expensive real estate moves. I don&#x27;t know, maybe we&#x27;ve been there for a while now.<p>What better way to spend piles of cash you have no idea what to do with than extort local governments for billions in tax breaks and park that money in a some commercial real estate you can depreciate? I&#x27;m not judging these companies for doing this per se (Amazon, Apple, and Google have all recently done this as far as I can tell - haven&#x27;t noticed anything from Microsoft), but I do consider it a bit ominous that they&#x27;ve all picked expensive places that certainly <i>seem</i> like good picks.<p>It really does seem like these companies have no idea what to do with their money. Buying up land and taking the next 3-5 years to build billion dollar campuses seems so boring to me.
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JeremyBanksover 6 years ago
A company choosing to expand in New York without billions in incentives? Could it be? The municipal government didn&#x27;t think it was possible...
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synaesthesisxover 6 years ago
Cities like NYC and Los Angeles are seeing an explosion in tech jobs lately as the Bay Area is bleeding out.
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jamestimminsover 6 years ago
Does anyone know why Google, Amazon, and Apple have all announced large incentive programs recently? Is there something about it being the end of the fiscal year? Or are there other possible reasons?
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burtonator2011over 6 years ago
Thank god for NYC... Poor tiny NYC I&#x27;m sure could use the tax revenue.<p>Why can&#x27;t they pick some place that could actually use the growth? Boulder?
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