• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it's the lesson he swears by as a $7.2 billion AI CEO

1

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it's the lesson he swears by as a $7.2 billion AI CEO
Amazon HQ2

The Inside Story of Amazon HQ2: Bezos vs. the People of Queens, NYC

By
Elise Young
Elise Young
,
Danielle Moran
Danielle Moran
,
Martin Z. Braun
Martin Z. Braun
, and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Elise Young
Elise Young
,
Danielle Moran
Danielle Moran
,
Martin Z. Braun
Martin Z. Braun
, and
Bloomberg
Bloomberg
Down Arrow Button Icon
February 14, 2019, 6:12 PM ET
Add Fortune on Google for similar content.

A firebrand of a freshman congresswoman. Two career politicians who bulldozed local interests. And two others who harnessed fury over corporate welfare going to the world’s richest man.

Amazon expected some public outcry over its choice to expand in a redeveloped Queens industrial area along New York City’s East River. But Jeff Bezos, its founder and chairman, didn’t count on a combination of political missteps and savvy that would drive it out of town.

Among the fatal errors: Three-term Governor Andrew Cuomo and two-term New York City Mayor Bill de Blasio, both Democrats, underestimated how an anti-corporate message from Congresswoman Alexandria Ocasio-Cortez, in office less than two months, would take root so deeply and so quickly.

“Anything is possible: today was the day a group of dedicated, everyday New Yorkers & their neighbors defeated Amazon’s corporate greed, its worker exploitation, and the power of the richest man in the world,” Ocasio-Cortez, a self-described Democratic Socialist, said on Twitter.

The victory for Ocasio-Cortez and her fellow progressive Democrats, though, left others wondering how much damage had been done to New York City’s long-term prospects for economic growth.

“Politics and pandering have won out over a once-in-a-generation investment in New York City’s economy, bringing with it tens of thousands of solid middle-class jobs,” Gary LaBarbera, president of the Building and Construction Trades Council of Greater New York, said in a statement. “This sends the wrong message to businesses all over the world looking to call New York home. Who will want to come now?”

Who Will Pay?

And who will pay politically? Just days after saying the Amazon jobs were “mission critical” for the city’s tech-hub aspirations, de Blasio lashed out at the company for how it handled its role in selling the project.

“We gave Amazon the opportunity to be a good neighbor and do business in the greatest city in the world,” de Blasio said in a statement.

Cuomo blamed his colleagues in Albany. “A small group of politicians put their own narrow political interests above their community,” he said in a statement. “The New York State Senate has done tremendous damage. They should be held accountable for this lost economic opportunity.”

De Blasio and Cuomo had put on a rare united front to lure Amazon. At the same time, de Blasio has been traveling the country trying to establish himself as a national spokesman for progressive Democrats who are decrying the country’s income inequality.

Republicans quickly moved to underscore the embarrassment for the pair. “Until we have a governor and legislature who are serious about reversing the state’s economic decline and making us competitive again, we are going to continue to lose jobs and people to other states,” Ed Cox, chairman of the New York GOP, said in a statement. “This should be a huge wake-up call.”

In a statement, Nick Samuels, a vice president at Moody’s Investors Service, called the move a “setback” for New York that “illustrates politics and anti-business sentiment can derail economic development despite competitive strengths.” He said that high-tech employment will grow more slowly without the company’s new jobs.

Key to the backlash that cratered the deal were City Councilman Jimmy Van Bramer and State Senator Mike Gianaris. They connected with community groups angered by the prospect of being priced out of the area by an influx of high-paying jobs into a city that’s already becoming increasingly unaffordable and riven by income inequality.

If Cuomo and De Blasio’s labor could be salvaged, it would be with the help of labor groups who’d welcome the jobs. But the politicians failed to mount an effective counter-campaign with construction and building services unions to back $3 billion in incentives for a project that would create jobs, further diversify the city economy and generate more than $27 billion in revenue.

City Council Speaker Corey Johnson, a Democrat who also is the acting public advocate and a fierce Amazon critic, said other companies were welcome “if you’re willing to engage with New Yorkers.”

“I hope this is the start of a conversation about vulture capitalism and where our tax dollars are best spent,” Johnson said in an statement. “I know I’d choose mass transit over helipads any day.”

‘Us, Not Billionaires’

Make The Road and New Economy Project, two New York progressive groups, were among more than a dozen to put out a joint statement saying they celebrated Amazon’s abandoning the site.

“This victory is a clear demonstration of the power of workers and communities across Queens and New York who came together and are fighting for a city that works for us and not for billionaires like Bezos,” the groups said. They would support other cities “facing Amazon and Bezos’s bullying tactics.”

The tax breaks and grants were to return as much as $27.5 billion in tax revenues by 2045, plus 25,000 to 40,000 jobs paying an average of $150,000 a year. HQ2 held the promise of making the city a tech leader rivaling the Silicon Valley and Boston’s Route 128 corridor.

The governor and the mayor failed to connect, though, with local officials early on, and after the deal was signed to get input on what community benefits like housing and job guarantees they wanted from Amazon.

“There needed to be community outreach to get counter-rallies for the jobs that were there,” said George Arzt, a Democratic political consultant who was press secretary for former New York Mayor Edward Koch in the 1980s. “You needed to get the construction unions involved in support. This takes a whole campaign across the board. I never saw it.”

“If Bezos came in right at the beginning and offered $100 million for refitting of the subway station and other amenities for the subway, that would have been a homerun,” Arzt added. “He would have had the community on his side.”

For all the drama, though, opponents said Amazon’s arrival would have much less of an impact than Cuomo and de Blasio would’ve had the public believe. The city’s economy already employs 4.6 million people, and it produced 71,000 new jobs in 2018.

“Amazon’s job is to make money—my job is to make sure the people in the community are not hurt,” Gianaris said at a news conference. “This is a very dangerous moment in our history where big corporations think they can tell governments what they should be doing.”

About the Authors
By Elise Young
See full bioRight Arrow Button Icon
By Danielle Moran
See full bioRight Arrow Button Icon
By Martin Z. Braun
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

As JPMorgan’s CEO race heats up, the case for a two-person succession contest is put to the test
C-SuiteNext to Lead
As JPMorgan’s CEO race heats up, the case for a two-person succession contest is put to the test
By Ruth UmohJune 29, 2026
14 minutes ago
wendy
Commentary250 Years of Innovation
Wendy Schmidt: Three centuries of science is something to celebrate
By Wendy SchmidtJune 29, 2026
44 minutes ago
a
Commentary250 Years of Innovation
Atomic Industries CEO: America spent 60 years retreating from manufacturing. The next 100 are about building it back
By Aaron SlodovJune 29, 2026
44 minutes ago
Today’s top high-yield savings rates: Up to 5.00% on June 29, 2026
Personal FinanceSavings accounts
Today’s top high-yield savings rates: Up to 5.00% on June 29, 2026
By Glen Luke FlanaganJune 29, 2026
1 hour ago
Top CD rates today, June 29, 2026: Lock in up to up to 4.40%
Personal FinanceBanks
Top CD rates today, June 29, 2026: Lock in up to up to 4.40%
By Glen Luke FlanaganJune 29, 2026
1 hour ago
Photo: Kevin Warsh
EconomyMarkets
President Trump will not get what he wants from Kevin Warsh, a source tells us, as inflation will force the Fed upwards
By Jim EdwardsJune 29, 2026
1 hour ago

Most Popular

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
2 days ago
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
4 days ago
Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it's the lesson he swears by as a $7.2 billion AI CEO
Success
Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it's the lesson he swears by as a $7.2 billion AI CEO
By Orianna Rosa RoyleJune 28, 2026
1 day ago
Cristiano Ronaldo is soccer's first-ever billionaire: He went from begging for burgers outside McDonald's to landing a $400 million contract
Success
Cristiano Ronaldo is soccer's first-ever billionaire: He went from begging for burgers outside McDonald's to landing a $400 million contract
By Preston ForeJune 28, 2026
23 hours ago
The retired college professor fighting a $313 trespassing ticket in Wisconsin thinks he's part of a national struggle
Environment
The retired college professor fighting a $313 trespassing ticket in Wisconsin thinks he's part of a national struggle
By Catherina GioinoJune 28, 2026
1 day ago
Iran is forcing the U.S. into an escalation trap as a 'shadow war' over the Strait of Hormuz heats up that could kill the tenuous ceasefire
Politics
Iran is forcing the U.S. into an escalation trap as a 'shadow war' over the Strait of Hormuz heats up that could kill the tenuous ceasefire
By Jason MaJune 28, 2026
17 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.