| Indeed. Many people will say dropping a huge Amazon campus in Queens will adversely effect the character of the city, and exacerbate many of its issues. I don't necessarily disagree with them, and if it was up to me, I'd rather Amazon land in Dallas that probably needs the jobs more. However, this will be an objectively good thing for NYC as a center of commerce, and help establish it as a tech hub at a time its local job market isn't doing all too well. Moreover, I doubt Amazon will game the system so excessively that it won't end up paying in taxes and investment and influx of business and salaries much more than it will receive in tax breaks. It's unlikely they'll game the system so badly because it's not wise to screw the municipal authorities that can make your life miserable. |
NYC is already a tech hub and has been for the last decade at least - Google, FB, Spotify, MongoDB, Pinterest, Bloomberg, Etsy, Salesforce, Seamless, Twitter, MLBAM, Square etc are all in NYC.
NYC's economy isn't doing too well? It grew by 2.7% for the second consecutive quarter in 2018[1]. It's expanding, how is that "not doing too well" exactly?
https://comptroller.nyc.gov/reports/new-york-city-quarterly-...