Amazon will not be building a new headquarters in New York, a stunning reversal after a year-long search. The US online retailer faced opposition from some New York politicians, who were unhappy with the nearly $US3 billion ($NZ4.4b) in tax incentives Amazon was promised. The Seattle-based Amazon had planned to bring 25,000 jobs to New York, and spend $US2.5 billion ($NZ3.6b) building its offices. The company has said it will not build a new headquarters in New York. "We are disappointed to have reached this conclusion - we love New York," the company said in a blog post, adding that it has 5,000 workers in the city and plans to grow those teams.

Source: Stuff February 14, 2019 17:26 UTC