Governor Cuomo and Mayor De Blasio Announce Amazon Selects Long Island City for New Corporate Headquarters

New Campus Represents the Largest Economic Development Project in New York State History

November 13, 2018

Amazon Will Create 25,000 to 40,000 New Jobs with an Average Salary of More than $150,000, Invest More Than $3.6 Billion Over 15 Years and Create $27.5 Billion In Tax Revenue Over 25 Years

238 Cities Across North America Competed for Multi-Billion Dollar Project that Provides Over 900% Return on Investment to New York 

Governor Andrew M. Cuomo and Mayor Bill de Blasio today announced that Amazon will establish a new corporate headquarters in Long Island City, Queens. The decision followed a comprehensive, year-long selection process during which 238 cities across North America competed for the multibillion-dollar project.

In 2019, Amazon will occupy up to 500,000 square feet at One Court Square while working to construct four million square feet of commercial space on Long Island City's waterfront over the next 10 years, with expansion opportunities for up to 8 million square feet over the next 15 years. Through a $3.6 billion total investment, Amazon will draw from the diverse and talented workforce in New York State to fill at least 25,000 new jobs by 2029 and up to 40,000 jobs by 2034 with an average salary of more than $150,000. The construction is expected to create an average of 1300 direct construction jobs annually through 2033. Overall, the project is estimated to create more than 107,000 total direct and indirect jobs, over $14 billion in new tax revenue for the State and a net of $13.5 billion in City tax revenue over the next 25 years. The project provides a 9:1 return on investment.

"When I took office, I said we would build a new New York State - one that is fiscally responsible and fosters a business climate that is attractive to growing companies and the industries of tomorrow. We've delivered on those promises and more, and today, with Amazon committing to expand its headquarters in Long Island City, New York can proudly say that we have attracted one of the largest, most competitive economic development investments in U.S. history," Governor Cuomo said. "With an average salary of $150,000 per year for the tens of thousands of new jobs Amazon is creating in Queens, economic opportunity and investment will flourish for the entire region. Amazon understands that New York has everything the company needs to continue its growth. The State's more than $100 billion infrastructure program - the most ambitious in our history - combined with our education initiatives like K-12 tech education and the first-in-the-nation Excelsior Scholarship program, will help ensure long-term success and an unrivaled talent pool for Amazon."

Read the full press release here.