Amazon, bowing to local opposition, is backing out of a planned East coast headquarters in Long Island City, NY. Opponents of the $3 billion in tax breaks and incentives gained more fuel when it was learned Amazon will pay no federal income tax for the second year in a row. Plans are on track for facilities in Arlington, VA and Nashville, TN.
On a recent trip to New York, I took the lovely ten-minute stroll from my hotel to Amazon’s newly opened SoHo neighborhood retail store, Amazon 4-star. Let me take a moment to call out some of my own observations and what they could be signaling for the future for Amazon’s brick-and-mortar retail business.
As expected, Amazon announced two new headquarters on the East Coast, one in Long Island City, NY and one in Arlington, VA, with plans to invest $5 billion and create more than 50,000 jobs. This ended a 14-month process that had 240 U.S. cities selling themselves and offering huge incentives. See details of the two new locations as well as plans for a center of excellence in Nashville.