Google opened its first office in NY almost 20 years ago and now employs 7,000 people in the city.
For more on Google's $1 billion expansion in New York City, follow on over to The Washington Post.
Google has announced plans to double its NY offices with a $1 billion investment.
Apple, based in Cupertino, California, said last week that it plans to build a $1 billion campus in Austin, Texas, that will create at least 5,000 jobs. Amazon plans to fill its New York City headquarters in Queens with 25,000 employees. As we reported last week, Amazon is planning on building a headquarters in New York City as well.
Piece by piece, Google is slowly assembling a "campus" by Hudson Square; even before the lease and purchase plans it just announced, it had already moved to buy the nearby Chelsea Market building and lease new space at Pier 57. The online retailer initially intends to develop about 4 million square feet of commercial space in NY to accommodate 25,000 new workers.
Pictured above: Artist's rendering of 315 Hudson St.
The move to invest in prime real estate in the westside of Manhattan also underscores the growing importance of NY as a hub for innovation and an incubator for technology companies.More news: Phil Jones scores stunning own goal in loss to Valencia
Google hopes to move into the new campus by 2020.
Google says it will spend $1 billion to create a new campus in Manhattan, looking to more than double the number of its employees in New York City in coming years.
In Google's case, Garsd reports, the company "says it will be investing heavily in NY, including a digital skills leaning center in Manhattan".
"Our investment in NY is a huge part of our commitment to grow and invest in US facilities, offices and jobs", Porat said.
"We believe that as our company grows, we have a responsibility to support the communities we call home", said Porat.
Bottom line: NY is better off relying on its natural advantages to attract employers, and should quit offering special deals in the name of jobs.
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