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Google To Invest $1 Billion in New Campus in New York City (cnbc.com)
Google will invest $1 billion in a new campus in New York City, the company said Monday. From a report: The new 1.7 million square foot "Google Hudson Square" campus will include two buildings located at 315 and 345 Hudson Street and an office space situated at nearby 550, Washington Street in Manhattan, Google said in a blog post on Monday. The move will expand Google's presence near the Hudson River in New York City. Earlier this year, the search giant announced it had purchased shopping and office complex Chelsea Market for $2.4 billion. Google said the Hudson Square campus will be the main location for its New York-based global business organization. It said the investments in Chelsea and Hudson Square will create capacity to more than double headcount in New York over the next decade. Google currently houses more than 7,000 employees in New York City in a range of teams including Search, Ads, Maps, YouTube and Cloud. "Our investment in New York is a huge part of our commitment to grow and invest in U.S. facilities, offices and jobs," Alphabet CFO Ruth Porat said in the blog post. Unlike Amazon, Google did not pursue tax breaks or other incentives from New York.
Unless being evil is more profitable. Right, Google?
I get if you are financial services company or offer services specific to other companies in that sector. NYC is a center of mass for that; and its near other cities like Hartford, Boston, DC, etc that are also heavy in that.
I don't get why if you are tech company like Google you'd have any interest in maintaining anything more than some sales offices etc there.
It super expensive so you will have pay high salaries, much higher than you would elsewhere. There are plenty of other big cities that are less expensive where you could still certainly find top talent; and if you are Google you can pay key people to move to one of them if need be.
NYC is for the most part a dirty crowded shit hole. Its fun as a tourist destination if you are just there to see a show, visit the museums and seem some famous architectural achievements. I have a lot of experience traveling there for business and my take away everytime is that: Gee everything takes longer here, costs twice as much, and I have to spend the night in an EXPENSIVE hotel room only to still be kept up all night by the endless traffic, both inside the building and on the streets.
Really its my least favorite place to be sent. I would NEVER for any salary consider living there.
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I don't get why if you are tech company like Google you'd have any interest in maintaining anything more than some sales offices etc there.
Because there are a lot of talented people in NYC and it's pretty easy to recruit people to live there. Not everyone's cup of tea of course but one only has to look at the number of buildings in Manhattan to see that a lot of people like living there. NYC is somewhat underappreciated as a tech hub. It has a lot of excellent universities nearby, excellent infrastructure, world class amenities, and lots of talented people. NYC rightly is regarded as a financial center but finance has a LOT of tech and so it's not hard for a company like google to poach talent.
It super expensive so you will have pay high salaries, much higher than you would elsewhere.
Umm, have you looked at the price of living in the Bay Area recently? I think this isn't a worry of Google's. Plus if you look at their income statement I don't think they have any problems paying top dollar for good talent.
NYC is for the most part a dirty crowded shit hole.
Yes that it true to an extent that but that's not all it is. It has a lot of amazing things going on too. It's not my brand of vodka either but I get why people like it. I wouldn't enjoy living there either but then a lot of people who do live in NYC would hate living where I do. You be you.