World's business center sent bad signal

Monday, February 18, 2019
 | 
Chris Woodward (OneNewsNow.com)

Amazon logoIt definitely sent the wrong signal: That's what a New York City resident is saying now that Amazon has ditched its mega-billion dollar plan for a second headquarters.

City Journal associate editor Seth Barron, who is also project director of the NYC Initiative at The Manhattan Institute, tells OneNewsNow that the business of New York is business.

"I don't think that companies are going to necessarily feel that, Well, if Amazon is not going to be there, we're not going to be there. It's not like that," he explains. "But it doesn't send a great signal."

From a pool of 20 finalists, Amazon announced last fall it had selected Queens for a second headquarters --- dubbed "HQ2" --- along with a location in Northern Virginia.

But then came the backlash as NPR explained:

The decision announced Thursday comes after an outcry from local politicians, union leaders and community organizers who had organized weeks of protests against massive financial breaks promised to Amazon, one of the world's most valuable companies.

Faced with such opposition, the mega-corporation announced it was backing out of the New York City plan, retreating from the city with a plan for 25,000 jobs and an average annual salary of $150,000.

New York City skylineThe socialists scored a "big win" by driving off Amazon, financial analyst Dan Celia told his "Financial Issues" audience last week.

"They drove out those lousy job-loving, business-building, opportunity-giving, salary-dishing, free-market mongering capitalist pigs," Celia sarcastically observed. "And the people applauded."

According to Barron, the message Amazon heard was that it would be required to cooperate with local community groups, which would mean giving in to some of their demands.

"It was structured in a top-down fashion by the governor and mayor, (and) maybe they should have gotten buy-in from the local politicians and from community groups," Barron told OneNewsNow last week. "But essentially they didn't and now they are not going to get anything."

Amazon has announced it is proceeding with plans for North Virginia and Nashville locations, and it will continue to hire and grow its workforce at 17 other locations throughout the U.S. and Canada.

 

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