Amazon’s quest to find a second headquarters has come to an end. It will be split between New York City and Northern Virginia adding 25,000 jobs in each location. The New York deal was put together by Governor Andrew Cuomo and Mayor Bill de Blasio.
Most places would jump for joy to land such a deal. Instead, Cuomo and de Blasio have come under fire for the subsidies they gave Amazon. The far left opposes the idea of any subsidy to business, especially one headed by a billionaire.
Some of the comments are quite interesting. One thought more jobs would be created by forgiving student loans. That would certainly increase short term spending but have little or no long-term impact. Others didn’t want any company that wasn’t in line with their ideology. One person objected to having high-paying jobs since that would increase housing prices and presumably add to the number of homeless. My favorite quote was from a union leader who thought Amazon should pay New York for the privilege of locating there.
I don’t know if New York gave Amazon too good a deal, but that’s not really the point. This will create a building boom in a part of Queens that has seen better days. Companies that deal with Amazon will locate nearby. Businesses will open to cater to the employees.
In 1980 New York was the second most populous state. Texas and Florida have passed it. A recent survey had California nosing them out as the worst state in the country in which to do business. This does not bode well for their economic future. If those who only care about hurting businesses, and the rich that own them, the state will begin to look more and more like Detroit.