Published: Tue, December 18, 2018
Money | By Hannah Jacobs

Google Is Spending $1 Billion On a Massive New York City Expansion

Google Is Spending $1 Billion On a Massive New York City Expansion

Then again, the local tech industry already employs 320,000 New Yorkers, reports the city Economic Development Corp.

"New Yorkers consider themselves to be more in tune with the reality of life in US urban centres and believe this helps them innovate products and services that are more closely aligned with the needs of the average American", he said.

Google (goog) announced this morning in a blog post it's going to invest $1 billion in expanding its presence in New York City: Google Hudson Square, an over 1.7 million-square-foot campus over three addresses in lower Manhattan. That spot is less than 2 miles north of the planned Hudson campus. "In fact, we're growing faster outside the Bay Area than within it, and this year opened new offices and data centres in locations like Detroit, Boulder, Los Angeles, Tennessee and Alabama", Porat concluded.

Back in November, Amazon picked up New York City and Arlington as sites for the company's new headquarters and announced plans to invest $5 billion with the goal of creating 25,000 jobs in each city.

Google plans to invest over $1 billion in the creation of the campus.

Google hopes to start moving into the building by 2022. "That's what brought Google to the city in 2000, and that's what keeps us here".

As noted by the New York Times, Google arrived in New York in 2006 with no fanfare, but it has since been criticized for contributing to Chelsea's gentrification, while food vendors claim to have lost sales because of its in-house cafeterias.

This investment follows the $2.4 billion purchase of the Manhattan Chelsea Market in March this year.

Last month, said it would open offices in NY and the Washington, D.C. area, creating more than 25,000 jobs. "These are fantastic cities that attract a lot of great talent". The St. John's Terminal building on Washington Street will act as the central hub of 1.7 million square foot campus with plans for the company to also occupy two nearby buildings on Hudson street.

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