Amazon Pulls Out Of Plan To Build HQ2 In New York City

SMS
Amazon Pulls Out Of Plan To Build HQ2 In New York City
The company said in a statement that resistance from local and state politicians contributed to the decision.
SHOW TRANSCRIPT

Amazon is pulling out of plans to open a new headquarters in New York City.

In a statement, the company said resistance from state and local political leaders contributed to the decision. 

November's announcement about HQ2 locations in Virginia and New York sparked concerns and protests about the potential impact on taxpayers and surrounding communities. Amazon had promised to create 25,000 jobs at each site in exchange for billions of dollars in tax incentives. 

The online retail giant said it'll still move forward with the Virginia deal and its Amazon Hub location in Nashville. 

Amazon doesn't currently have any plans to reopen the search for HQ2. 

Additional reporting from Newsy affiliate CNN