Amazon Nixes HQ2 Plans in New York City
They couldn’t deliver. Progressive politicians — including Rep. Alexandria Ocasio-Cortez — are claiming victory after the retail giant abandoned its plan for a $2.5 billion second headquarters in Long Island City. Citing strong opposition to the $3 billion in tax breaks it was set to receive, Amazon said it’ll instead focus on plans for locations in northern Virginia and Nashville.
Has Amazon lost face? Not exactly: As OZY reports, the online retailer ranked the second-most trusted of 20 institutions in a recent poll, suggesting prompt delivery to shoppers’ doorsteps counts for a lot.