Amazon Cancels Plan For Second HQ In New York City

CNBC reports:

Amazon says it will not build a headquarters in New York following mounting opposition, the company said in a statement Thursday. Last week, The Washington Post first reported that Amazon executives were considering backing out of its planned move to New York City.

New York Governor Andrew Cuomo had warned at a news conference last week following the report that the local and regional leaders would have to answer to voters if Amazon did not ultimately bring its 25,000 jobs to the state.

Local and state leaders had voiced significant opposition after New York City and state had offered the company performance-based incentives amounting to nearly $3 billion. These leaders were not privy to the details of the deal until after Amazon had made its decision.