Amazon’s HQ2 in Queens will be ‘square in the danger zone for frequent flooding’

It gets warmer, it means the air can hold more moisture and we get bigger downpours,” said Strauss of Climate Central. From 2005 to 2014, Queens saw an additional 31 days of coastal flooding due to climate change, researchers say. Long Island City is already becoming a hot spot for New York City, and Amazon will speed that change exponentially. New York City is also running out of large spaces for developments like this one, which likely played into the choice. Like other waterfront buildings, t


It gets warmer, it means the air can hold more moisture and we get bigger downpours,” said Strauss of Climate Central. From 2005 to 2014, Queens saw an additional 31 days of coastal flooding due to climate change, researchers say. Long Island City is already becoming a hot spot for New York City, and Amazon will speed that change exponentially. New York City is also running out of large spaces for developments like this one, which likely played into the choice. Like other waterfront buildings, t
Amazon’s HQ2 in Queens will be ‘square in the danger zone for frequent flooding’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: diana olick, eduardo munoz, yana paskova, the washington post, getty images
Keywords: news, cnbc, companies, frequent, amazons, plans, continue, danger, york, city, expect, square, queens, zone, climate, strauss, likely, flooding, hq2, headquarters


Amazon's HQ2 in Queens will be 'square in the danger zone for frequent flooding'

“And the truth is, heavy rain has already increased by 50 percent in the Northeast. So we can expect that trend to continue. It gets warmer, it means the air can hold more moisture and we get bigger downpours,” said Strauss of Climate Central.

From 2005 to 2014, Queens saw an additional 31 days of coastal flooding due to climate change, researchers say. If Queens experienced a 6-foot flood, which scientists expect by the end of this century, that would put $13 billion worth of property at risk of damage, including about 34,000 homes, according to Climate Central and Zillow.

Companies and residential developers continue to build on the water because that is simply where people want to live and work. Long Island City is already becoming a hot spot for New York City, and Amazon will speed that change exponentially. New York City is also running out of large spaces for developments like this one, which likely played into the choice.

Amazon is more than likely considering all these risks as it plans its new headquarters, although a spokesman for the company said they could not comment on any plans. Like other waterfront buildings, the new headquarters will have to be built as a stronghold — resilient against weather and water.

“But then you have to ask how easy will it be to get to and from their headquarters, what’s happening to the surrounding neighborhood? And they’re going to need the city’s help to fortify the whole area,” Strauss said.


Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: diana olick, eduardo munoz, yana paskova, the washington post, getty images
Keywords: news, cnbc, companies, frequent, amazons, plans, continue, danger, york, city, expect, square, queens, zone, climate, strauss, likely, flooding, hq2, headquarters


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Google San Jose campus documents no subsidies

Google could pay upwards of $110 million, without subsidies, to buy large swaths of land in San Jose, according to a new city document detailing its negotiations with the company on its plan to build a mega-campus 15 miles south of its headquarters. The plan describes sites that cover around 21 acres, some owned by the San Jose Redevelopment Agency, others by the City of San Jose. “We offered Google no subsidies, and they didn’t ask for them.” The San Jose City Council will vote on whether to se


Google could pay upwards of $110 million, without subsidies, to buy large swaths of land in San Jose, according to a new city document detailing its negotiations with the company on its plan to build a mega-campus 15 miles south of its headquarters. The plan describes sites that cover around 21 acres, some owned by the San Jose Redevelopment Agency, others by the City of San Jose. “We offered Google no subsidies, and they didn’t ask for them.” The San Jose City Council will vote on whether to se
Google San Jose campus documents no subsidies Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: jillian donfro, brooks kraft, getty images
Keywords: news, cnbc, companies, subsidies, population, google, documents, campus, city, tax, plan, land, statement, jose, san


Google San Jose campus documents no subsidies

Google could pay upwards of $110 million, without subsidies, to buy large swaths of land in San Jose, according to a new city document detailing its negotiations with the company on its plan to build a mega-campus 15 miles south of its headquarters.

The plan describes sites that cover around 21 acres, some owned by the San Jose Redevelopment Agency, others by the City of San Jose.

“Google will pay full freight for land, taxes, fees, and additional community benefits like affordable housing, in stark contrast to other cities handing out billions in local tax dollars to attract big companies,” San Jose Mayor Sam Liccardo said in a statement. “We offered Google no subsidies, and they didn’t ask for them.”

The city’s statement reads like a swipe against Amazon, which spent more than a year soliciting cities to offer perks to land its new new headquarters, then announced earlier this month that it would split the headquarters between Arlington, Va., and Queens, New York. Amazon could net $2.2 billion in tax incentives from local governments for those offices, plus a third office in Nashville, Tenn.

The San Jose City Council will vote on whether to sell the parcels of land to Google on December 4.

Google has previously said that its mixed-use campus will accommodate 15,000 to 20,000 employees and include offices, retail space, and thousands of residential units.

The project has drawn some controversy.

Proponents of the deal expect it to revitalize San Jose, which is the only major U.S. city that has a higher population at night than it does during the day, reflecting its status as a commuter community despite its population of over 1 million. Critics fear it could exacerbate gentrification and inequality in the area.

Earlier this month, two non-profit groups sued the city, alleging that nondisclosure agreements that officials signed about the land deal were illegal.


Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: jillian donfro, brooks kraft, getty images
Keywords: news, cnbc, companies, subsidies, population, google, documents, campus, city, tax, plan, land, statement, jose, san


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Delhi: A treasure trove of ancient history and culture

Delhi is India’s capital city and one of the oldest in the world. The monuments to lost empires showcase its ancient culture, while the sleek and efficient new metro is evidence of a rapidly modernizing city. If you wake up early enough, head to Asia’s largest fruit and vegetable market: Azadpur Mandi is a sight to behold. At nearly two million square feet, the market is a crucial link for supplying food to the city. Monkeys of all ages traverse the lines and cables that interweave over the bust


Delhi is India’s capital city and one of the oldest in the world. The monuments to lost empires showcase its ancient culture, while the sleek and efficient new metro is evidence of a rapidly modernizing city. If you wake up early enough, head to Asia’s largest fruit and vegetable market: Azadpur Mandi is a sight to behold. At nearly two million square feet, the market is a crucial link for supplying food to the city. Monkeys of all ages traverse the lines and cables that interweave over the bust
Delhi: A treasure trove of ancient history and culture Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: tom chitty, saqib majeed, sopa images, lightrocket via getty images
Keywords: news, cnbc, companies, delhi, trove, waiting, food, wake, culture, vegetable, history, ancient, vegetables, treasure, fruit, market, city, worldlocated


Delhi: A treasure trove of ancient history and culture

Delhi is India’s capital city and one of the oldest in the world.

Located in the north, it’s home to all three branches of the government: executive, legislative and judiciary.

The monuments to lost empires showcase its ancient culture, while the sleek and efficient new metro is evidence of a rapidly modernizing city.

This pulsating metropolis has a larger population than Australia, but pollution remains a key challenge.

The frenetic pace in Delhi begins even before the sun comes up. If you wake up early enough, head to Asia’s largest fruit and vegetable market: Azadpur Mandi is a sight to behold.

At nearly two million square feet, the market is a crucial link for supplying food to the city. Over 100 different types of fruit and vegetables can be found in the market, where more than 13,000 tons of produce pass through every day.

People are not the only ones attracted to the market. Monkeys of all ages traverse the lines and cables that interweave over the bustling marketplace below, waiting to pounce on any unattended food.


Company: cnbc, Activity: cnbc, Date: 2018-11-16  Authors: tom chitty, saqib majeed, sopa images, lightrocket via getty images
Keywords: news, cnbc, companies, delhi, trove, waiting, food, wake, culture, vegetable, history, ancient, vegetables, treasure, fruit, market, city, worldlocated


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Atlanta offered Amazon its own train car if it brought HQ2 to the city

Amazon lost out on a chance for its own dedicated train car to deliver products throughout the city of Atlanta. Newly released details of the city’s pitch to host Amazon’s second headquarters show the city offered to “explore the possibility of adding an Amazon-dedicated car to the MARTA train,” the city’s mass transit system. Georgia also offered an exclusive lounge for Amazon HQ2 employees in the Hartsfield-Jackson International Airport for one year on top of 50 free parking spots. Atlanta was


Amazon lost out on a chance for its own dedicated train car to deliver products throughout the city of Atlanta. Newly released details of the city’s pitch to host Amazon’s second headquarters show the city offered to “explore the possibility of adding an Amazon-dedicated car to the MARTA train,” the city’s mass transit system. Georgia also offered an exclusive lounge for Amazon HQ2 employees in the Hartsfield-Jackson International Airport for one year on top of 50 free parking spots. Atlanta was
Atlanta offered Amazon its own train car if it brought HQ2 to the city Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: lauren feiner, raymond boyd, getty images
Keywords: news, cnbc, companies, car, offered, citys, hq2, train, brought, atlanta, locations, system, headquarters, amazon, city, marta


Atlanta offered Amazon its own train car if it brought HQ2 to the city

Amazon lost out on a chance for its own dedicated train car to deliver products throughout the city of Atlanta.

Newly released details of the city’s pitch to host Amazon’s second headquarters show the city offered to “explore the possibility of adding an Amazon-dedicated car to the MARTA train,” the city’s mass transit system. The offer would’ve been contingent on the MARTA board’s approval.

Georgia also offered an exclusive lounge for Amazon HQ2 employees in the Hartsfield-Jackson International Airport for one year on top of 50 free parking spots.

Atlanta was one of the 20 finalists on Amazon’s list of cities it was considering for its HQ2. On Tuesday, the company announced it would split its headquarters between two locations: Long Island City in New York and National Landing, an area of Arlington, Va. For the past year, cities across the continent have tried to lure Amazon to their area to win the company’s promise to invest $5 billion and bring 50,000 jobs.

Critics have said the investment may not be worth it, pointing to $2.2 billion in performance-based incentives Amazon was offered from its three new locations (including an Operations Center for Excellence in Nashville, Tenn.) and myriad stunts by politicians hoping to woo the company.

According to the Atlanta proposal, the MARTA board agreed to allocate a portion of the sales tax that goes toward the train system to “enhancing employee access to the Amazon HQ2 site,” depending on its location.


Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: lauren feiner, raymond boyd, getty images
Keywords: news, cnbc, companies, car, offered, citys, hq2, train, brought, atlanta, locations, system, headquarters, amazon, city, marta


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11 jobs at Amazon that pay over $150,000

After much anticipation and speculation, Amazon has announced that Arlington, Virginia, and the Long Island City neighborhood of Queens, New York, are the official locations of the company’s next headquarters. Right now, employees living in the Arlington, Virginia, area and the New York City area earn average annual salaries of $60,890 and $63,029, respectively, according to Glassdoor estimates. But those who secure a job at the e-commerce giant have the potential to earn far more. Glassdoor too


After much anticipation and speculation, Amazon has announced that Arlington, Virginia, and the Long Island City neighborhood of Queens, New York, are the official locations of the company’s next headquarters. Right now, employees living in the Arlington, Virginia, area and the New York City area earn average annual salaries of $60,890 and $63,029, respectively, according to Glassdoor estimates. But those who secure a job at the e-commerce giant have the potential to earn far more. Glassdoor too
11 jobs at Amazon that pay over $150,000 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: courtney connley, lisa werner, getty images, vgajic
Keywords: news, cnbc, companies, earn, companys, pay, salaries, 11, area, job, jobs, 150000, glassdoor, virginia, york, amazon, arlington, city


11 jobs at Amazon that pay over $150,000

After much anticipation and speculation, Amazon has announced that Arlington, Virginia, and the Long Island City neighborhood of Queens, New York, are the official locations of the company’s next headquarters.

These new offices will provide more 25,000 job opportunities in each location. Right now, employees living in the Arlington, Virginia, area and the New York City area earn average annual salaries of $60,890 and $63,029, respectively, according to Glassdoor estimates.

But those who secure a job at the e-commerce giant have the potential to earn far more. Glassdoor took a look at some of the company’s highest-paying positions. Here are 11 jobs at Amazon that offer salaries of $150,000 or more:


Company: cnbc, Activity: cnbc, Date: 2018-11-14  Authors: courtney connley, lisa werner, getty images, vgajic
Keywords: news, cnbc, companies, earn, companys, pay, salaries, 11, area, job, jobs, 150000, glassdoor, virginia, york, amazon, arlington, city


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Amazon tax incentives in New York City, Virginia and Nashville

Amazon is receiving up to $2.2 billion in performance-based incentives from New York City, Northern Virginia and Nashville, according to a release from the company. In New York, local Democrats have raised concerns about cost of living increases and state tax incentives going to a large company rather than residents. Jay Carney, Amazon’s senior vice president for worldwide corporate affairs, downplayed the incentives the company will receive from the chosen cities in an interview on CNBC’s Power


Amazon is receiving up to $2.2 billion in performance-based incentives from New York City, Northern Virginia and Nashville, according to a release from the company. In New York, local Democrats have raised concerns about cost of living increases and state tax incentives going to a large company rather than residents. Jay Carney, Amazon’s senior vice president for worldwide corporate affairs, downplayed the incentives the company will receive from the chosen cities in an interview on CNBC’s Power
Amazon tax incentives in New York City, Virginia and Nashville Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: lauren feiner
Keywords: news, cnbc, companies, tax, talent, york, incentives, neighborhood, virginia, create, city, company, jobs, amazon, nashville, local


Amazon tax incentives in New York City, Virginia and Nashville

Amazon is receiving up to $2.2 billion in performance-based incentives from New York City, Northern Virginia and Nashville, according to a release from the company.

The amount illustrates how local officials have tried to lure Amazon with copious incentives, but some critics have questioned whether taxpayers stand to benefit from the online retail giant’s presence. In New York, local Democrats have raised concerns about cost of living increases and state tax incentives going to a large company rather than residents.

Jay Carney, Amazon’s senior vice president for worldwide corporate affairs, downplayed the incentives the company will receive from the chosen cities in an interview on CNBC’s Power Lunch.

“If you look at some of the proposals that were put forward by the cities that released them publicly, you can find out very quickly that incentives did not drive this process for us,” Carney said. “Our number one criterion for us was the availability of existing talent and the possibility of recruiting and luring new talent to come.”

Amazon ended its year-long search for its “second headquarters” with an announcement Tuesday morning.

Amazon says it’s investing $5 billion and will create more than 50,000 new high-paying jobs in two new main offices in Long Island City, a neighborhood in Queens, New York; and National Landing, a neighborhood in Arlington, Virginia. It also announced a new Operations Center of Excellence in Nashville, Tenn., which it claims will create 5,000 more jobs.


Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: lauren feiner
Keywords: news, cnbc, companies, tax, talent, york, incentives, neighborhood, virginia, create, city, company, jobs, amazon, nashville, local


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Deadly California wildfire grows as city of Paradise smolders

Convoys of fire engines rumbled through the smoldering northern California town of Paradise on Tuesday on their way to combat still-active sections of the state’s deadliest and most destructive wildfire in history, which grew by 8,000 acres. Teams of workers wielding chainsaws cleared downed power lines and other obstacles from the streets, while forensics teams mobilized to resume their search for human remains in the charred wreckage of the Butte County town of 27,000, which was almost complet


Convoys of fire engines rumbled through the smoldering northern California town of Paradise on Tuesday on their way to combat still-active sections of the state’s deadliest and most destructive wildfire in history, which grew by 8,000 acres. Teams of workers wielding chainsaws cleared downed power lines and other obstacles from the streets, while forensics teams mobilized to resume their search for human remains in the charred wreckage of the Butte County town of 27,000, which was almost complet
Deadly California wildfire grows as city of Paradise smolders Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: justin sullivan, getty images, eric thayer, ringo hw chiu
Keywords: news, cnbc, companies, grows, butte, paradise, town, way, wreckage, workers, wielding, city, california, wildfire, toll, county, deadly, smolders


Deadly California wildfire grows as city of Paradise smolders

Convoys of fire engines rumbled through the smoldering northern California town of Paradise on Tuesday on their way to combat still-active sections of the state’s deadliest and most destructive wildfire in history, which grew by 8,000 acres.

Teams of workers wielding chainsaws cleared downed power lines and other obstacles from the streets, while forensics teams mobilized to resume their search for human remains in the charred wreckage of the Butte County town of 27,000, which was almost completely consumed by fire last Thursday, just hours after the blaze erupted.

The “Camp Fire” continued to rage in Butte County, about 175 miles (280 km) north of San Francisco, and expanded to 125,000 acres (50,500 hectares), more than four times the area of the city, the California Department of Forestry and Fire Protection (Cal Fire) said.

The death toll stood at 42 people, the most on record from a California wildfire. More than 7,600 homes and other structures burned down, also an all-time high.


Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: justin sullivan, getty images, eric thayer, ringo hw chiu
Keywords: news, cnbc, companies, grows, butte, paradise, town, way, wreckage, workers, wielding, city, california, wildfire, toll, county, deadly, smolders


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Tulsa, Oklahoma, will pay you $10,000 to move there and work from home

Looking to draw tech workers, creatives and other digital nomads, Tulsa, Oklahoma has created Tulsa Remote, a special program that offers $10,000 grants to eligible applicants who commit to living in the city for a year and working remotely. Tulsa Remote began accepting applications today. To be eligible, applicants must provide proof of employment, be 18 or older, work for a business that’s based out of Tulsa County, and pledge to move to and live in Tulsa for a minimum of one year. Eventually,


Looking to draw tech workers, creatives and other digital nomads, Tulsa, Oklahoma has created Tulsa Remote, a special program that offers $10,000 grants to eligible applicants who commit to living in the city for a year and working remotely. Tulsa Remote began accepting applications today. To be eligible, applicants must provide proof of employment, be 18 or older, work for a business that’s based out of Tulsa County, and pledge to move to and live in Tulsa for a minimum of one year. Eventually,
Tulsa, Oklahoma, will pay you $10,000 to move there and work from home Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: ruth umoh, getty images
Keywords: news, cnbc, companies, hopes, workers, work, city, program, 10000, county, remote, live, pay, levit, tulsa, oklahoma


Tulsa, Oklahoma, will pay you $10,000 to move there and work from home

Looking to draw tech workers, creatives and other digital nomads, Tulsa, Oklahoma has created Tulsa Remote, a special program that offers $10,000 grants to eligible applicants who commit to living in the city for a year and working remotely.

Eligible workers receive access to additional benefits, including a co-working space that comes with complimentary snacks and beverages, as well as monthly meetups and workshops with fellow members and Tulsa entrepreneurs.

Program participants will also have the option of living in a new, fully-furnished apartment for a discounted rent, plus free utilities for the first three months.

Money from each grant will be distributed throughout the course of one year. Participants will receive an initial $2,500 for relocation expenses, a $500 monthly stipend and a final payout of $1,500 once the program is completed.

By enticing young professionals to stay for at least one year, the city hopes that newcomers will decide to remain in Tulsa long term and shape the community by starting new businesses, launching non-profits or even running for political office, says Ken Levit, an executive director at the George Kaiser Family Foundation, a group that works to tackle pressing issues in the Tulsa community and is partnering with the city on this initiative.

While the program seeks strong workers from the tech sector, adds Levit, it also hopes to draw a broad array of “dynamic and talented” applicants, such as corporate recruiters, researchers and writers.

Tulsa Remote began accepting applications today. To be eligible, applicants must provide proof of employment, be 18 or older, work for a business that’s based out of Tulsa County, and pledge to move to and live in Tulsa for a minimum of one year.

Participants can live in the City of Tulsa or in the county. Those who live in the county must work out of the co-working space the program has provided. The program will start with small groups of around 10 to 15 people at a time, Levit says. Eventually, he adds, the city hopes to have up to 300 remote workers in the program.

Tulsa joins a growing list of U.S. cities looking to attract young professionals, a list that includes: Baltimore, Maryland; St. Clair County, Michigan; and Marquette, Kansas.

Similarly, Vermont signed a bill into law last May that will pay workers $10,000 to move to the state and work remotely for an out-of-state employer.

“Remote workers have an economy already that they’ll be bringing with them,” says Levit. “We want to target folks who show promise.”

Like this story? Subscribe to CNBC Make It on YouTube!

Don’t miss: 8 U.S. cities that will pay you to move there


Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: ruth umoh, getty images
Keywords: news, cnbc, companies, hopes, workers, work, city, program, 10000, county, remote, live, pay, levit, tulsa, oklahoma


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Dallas Mayor Michael Rawlings discusses Amazon HQ2 selection

Dallas Mayor Michael Rawlings told CNBC Tuesday he was disappointed his city wasn’t selected, but was not entirely surprised by Amazon’s choice. “I do believe there was an East Coast bias at the top level of the organization, which is fine,” Rawlings said in a phone interview. Rawlings said the city of Dallas spent thousands, but not tens of thousands, of dollars pitching Amazon. Rawlings said the city’s dealings with Amazon over its distribution centers were separate from its discussions over H


Dallas Mayor Michael Rawlings told CNBC Tuesday he was disappointed his city wasn’t selected, but was not entirely surprised by Amazon’s choice. “I do believe there was an East Coast bias at the top level of the organization, which is fine,” Rawlings said in a phone interview. Rawlings said the city of Dallas spent thousands, but not tens of thousands, of dollars pitching Amazon. Rawlings said the city’s dealings with Amazon over its distribution centers were separate from its discussions over H
Dallas Mayor Michael Rawlings discusses Amazon HQ2 selection Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: lauren feiner, andy jacobsohn
Keywords: news, cnbc, companies, selection, headquarters, hq2, coast, east, mayor, rawlings, city, process, dallas, talent, amazon, discusses, michael, incentives


Dallas Mayor Michael Rawlings discusses Amazon HQ2 selection

As Amazon dubbed not one, but two East Coast locations as its new headquarters Tuesday morning, cities in the middle of country lost a chance at becoming an emerging tech market.

Dallas Mayor Michael Rawlings told CNBC Tuesday he was disappointed his city wasn’t selected, but was not entirely surprised by Amazon’s choice.

“I do believe there was an East Coast bias at the top level of the organization, which is fine,” Rawlings said in a phone interview. He said that Amazon’s priorities likely evolved throughout the process and the desire to be near the political and media magnates of New York and D.C. “became a higher priority than the benefits that a Dallas provide.”

“Any time a company takes a year to make a decision, and this was an important decision, they’re going to change their levels of importance through that process, that’s just natural,” Rawlings said. “I don’t believe that people at the beginning of this process said, ‘we’re going to be in the East Coast’ because I believe Amazon people are good people and would not have put the country through this if this was the case.”

Amazon galvanized hundreds of cities across the country to woo the tech giant to their area with the promise of 50,000 jobs and a $5 billion investment. In the end, Amazon announced Tuesday morning it would split its headquarters between two predictable East Coast locations, Long Island City in New York and an area of Arlington, Virginia, just outside D.C. It also announced it would create a new Operations Center of Excellence in Nashville with 5,000 workers.

Despite receiving up to $2.2 billion in performance-based incentives from its three new locations, Amazon stressed that available talent, rather than incentives, was a top priority in its headquarters selection. According to Dallas’ recently-released proposal, the city would have offered Amazon a $600 million incentive to move in its second headquarters with 50,000 employees, plus an additional $10,000 per job from the Texas Enterprise Fund, which would have amounted to $1.1 billion, Dallas News reported.

By contrast, for half the number of workers, Amazon will receive more than $1.5 billion in performance-based incentives for its Long Island City location and $573 million in performance-based incentives for its National Landing location in Virginia.

Still, Rawlings said he believes that incentives were not a key driver in Amazon’s decision, adding that the company told him that its desire to be on the East Coast and need for a strong tech talent pool in the short term drove them to choose Long Island City and National Landing.

Dallas has several large universities within driving distance, including the University of Texas and Texas A&M. But while Rawlings said Dallas will be equipped with a strong talent pool in the long-term, he agrees that “from a pure numbers standpoint” the New York and D.C. areas already have more of the talent Amazon is looking for.

Critics have wondered how much it has cost cities to even have a chance at winning over Amazon. Rawlings said the city of Dallas spent thousands, but not tens of thousands, of dollars pitching Amazon. He added that the Dallas Regional Chamber, which is in charge of economic development for the city, fronted most of the additional costs.

Already, Amazon has eyed Dallas for other projects, such as two new shipping hubs in the area. Rawlings said the city’s dealings with Amazon over its distribution centers were separate from its discussions over HQ2.

Even though Dallas will not be the home of Amazon’s new headquarters, Rawlings believes the process made his city stronger and more prepared to future opportunities.

“I think it’s sharpened our edge better for pitching ourselves to future businesses,” he said. “This was a first class process and the data we were able to pull we will be able to use for the future.”

Amazon declined to comment beyond its announcement earlier Tuesday.


Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: lauren feiner, andy jacobsohn
Keywords: news, cnbc, companies, selection, headquarters, hq2, coast, east, mayor, rawlings, city, process, dallas, talent, amazon, discusses, michael, incentives


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Citi will move 1,100 workers earlier than planned to make way for Amazon in NYC

Citi has been consolidating its New York area staff anyway, moving workers to its headquarters in glitzy Tribeca and other locations. On Tuesday, the banking giant said it would move 1,100 workers from its tower in Long Island City to other locations in the first half of next year “to make room for Amazon.” “Given what it would mean to New York and Long Island City to have Amazon establish a significant presence here, we want to do our part to make this possible,” said Citi CEO Michael Corbat in


Citi has been consolidating its New York area staff anyway, moving workers to its headquarters in glitzy Tribeca and other locations. On Tuesday, the banking giant said it would move 1,100 workers from its tower in Long Island City to other locations in the first half of next year “to make room for Amazon.” “Given what it would mean to New York and Long Island City to have Amazon establish a significant presence here, we want to do our part to make this possible,” said Citi CEO Michael Corbat in
Citi will move 1,100 workers earlier than planned to make way for Amazon in NYC Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: liz moyer, daniel acker, bloomberg, getty images, espiegle, istock
Keywords: news, cnbc, companies, york, square, long, workers, location, planned, citi, tower, city, washington, island, way, amazon, 1100, earlier, nyc


Citi will move 1,100 workers earlier than planned to make way for Amazon in NYC

Citigroup is rolling out the red carpet for Amazon’s move to the New York City area by moving more than 1,000 employees out of its Queens office tower to accommodate the e-commerce giant.

Citi has been consolidating its New York area staff anyway, moving workers to its headquarters in glitzy Tribeca and other locations. It has already planned a move out of the Queens location but has accelerated the plan. On Tuesday, the banking giant said it would move 1,100 workers from its tower in Long Island City to other locations in the first half of next year “to make room for Amazon.”

“Given what it would mean to New York and Long Island City to have Amazon establish a significant presence here, we want to do our part to make this possible,” said Citi CEO Michael Corbat in a statement.

The tower at One Court Square, bearing Citi’s name on the top, opened nearly 30 years ago and has been home to various Citi units. The move represents roughly one-third of its 3,000 employees who work in the tower in about 1 million square feet of office space. The bank had already indicated plans to move most of its workers out of the location by 2020.

After a year of suspense, Seattle-based Amazon finally revealed its choice for a second headquarters on Tuesday. It is splitting the location between Long Island City and a site in the Northern Virginia suburbs of Washington, D.C. Amazon CEO Jeff Bezos has a home in D.C. and also owns The Washington Post.

WATCH:How Amazon has changed the Seattle skyline in the last 3 years


Company: cnbc, Activity: cnbc, Date: 2018-11-13  Authors: liz moyer, daniel acker, bloomberg, getty images, espiegle, istock
Keywords: news, cnbc, companies, york, square, long, workers, location, planned, citi, tower, city, washington, island, way, amazon, 1100, earlier, nyc


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