Google plans $1B expansion in New York
140 views · Published 22 December 2018 · 1:39 · Indexed 30 September 2026
Channel: AP Archive · 2018 · News & Politics
(17 Dec 2018) Google announced Monday that it will spend more than $1 billion to build a new office complex in New York City, allowing the internet search giant to double the number of people it employs there. It is the tech industry's latest major expansion beyond the Seattle-San Francisco Bay corridor. It follows recent steps by Amazon and Apple to set up operations well outside their home areas. According to Julie Samuels, Executive Director of Tech:NYC, a tech industry trade group, Google and other tech companies are attracted to New York City because of the diversity and its access to talent. It also has a large concentration of highly educated young people, proximity to the financial industry, a large base of existing tech workers, and makes up the second-largest concentration of tech startups behind the Bay Area, experts say. Google, based in Mountain View, California, will fashion a complex exceeding 1.7 million square feet along the Hudson River in the city's West Village neighborhood, Ruth Porat, senior vice president and chief financial officer, said on a blog post. Google opened its first office in New York nearly 20 years ago and now employs 7,000 people in the city. Its footprint has expanded continuously. Google said this year that it would buy the Manhattan Chelsea Market building for $2.4 billion and planned to lease more space at Pier 57, both along the Hudson about a mile north of the newly announced complex. A month ago, Seattle-based Amazon said it would set up new headquarters in New York's Long Island City neighborhood and in Arlington, Virginia, creating upwards of 25,000 jobs in each location. Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter: https://twitter.com/AP_Archive Facebook: https://www.facebook.com/APArchives Instagram: https://www.instagram.com/APNews/ You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/984eae8b355d799bc88dce8787655067
