Google plans $2.6bn New York expansion as tech execs claim ‘Silicon Valley is over’

Google is said to be close to signing a $2.4bn deal to establish an East Coast base in New York City, the latest in a series of moves by tech firms who believe Silicon Valley’s best days may be ‘over’.

Watching: New York, Silicon Valley, East Coast


Press Compilation:

Feeling unwelcome, Amazon ditches plans for New York hub
(Feb 2019) Google said in December it plans to invest more than $1 billion on a new campus in New York to double its current headcount of more than 7,000 people. “I think the (Amazon) PR event turned out to be a

Google’s Toronto ambitions swell, as Amazon scraps New York plan
(Feb 2019) The urban innovation unit of Alphabet Inc. and sister company to Google is proposing to speed up its plans to redevelop 350 derelict acres on the city’s waterfront in return for a cut of property taxe

Amazon reconsiders its New York headquarters plan, sources say
(Feb 2019) It’s unclear what Amazon may consider as a Plan B if the New York project falls through. It could forgo the incentive package and hire employees on a smaller scale, as competitors including Google are

Amazon cancels plans to build New York headquarters
(Feb 2019) For now, however, Amazon is just one company. Google reiterated plans on Wednesday to develop a new campus in New York as part of its broader real estate expansions throughout the US. "New York City i

Google Plans Ohio Expansion As Part Of $13 Billion Investment
(Feb 2019) On Thursday, Google also announced it was canceling its plan to build a sprawling new headquarters in Long Island City, New York. The move followed aggressive protests from local elected officials

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