3 Takeaways From Amazon's About-Face On New York City HQ2
By Philip Rosenstein (February 14, 2019, 9:48 PM EST) -- Amazon's sudden cancellation of its planned $2.5 billion second headquarters in New York City highlights that economic development incentives are often still a tough sell to local residents.
This area of Long Island City in Queens was the proposed site for a new Amazon headquarters until the retail giant announced Thursday it would abandon the project. (AP)
After facing persistent pushback from labor unions, local residents and state and local politicians, Amazon.com Inc. announced Thursday it was no longer planning to build its second headquarters, or HQ2, in Long Island City, Queens.
Opposition to Amazon's expansion was exacerbated by a $3 billion...
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