4.5 • 705 Ratings
🗓️ 7 May 2019
⏱️ 9 minutes
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0:00.0 | Welcome to Axis Pro Radha, where we take just 10 minutes to get you smarter on the collision |
0:08.8 | of tech business and politics. |
0:10.6 | I'm Dan Permac. |
0:11.5 | On today's show, the trade war none of us can afford and the Green New Deal might be getting |
0:16.9 | a movie. |
0:17.8 | But first, the place that Amazon forgot. |
0:20.0 | So it's been three months since Amazon |
0:22.4 | decided to scrap its so-called HQ2 project in Long Island City, after some residents and |
0:27.7 | local officials expressed displeasure with tax breaks and other subsidies included in the deal. |
0:32.4 | And when Amazon bailed, so too did the promise of 25,000 jobs and billions of dollars in expected investment. |
0:40.3 | Plus all of the anticipated ancillary benefits, like the need for new hotels and coffee shops |
0:45.3 | and it's New York, so artisan food trucks. Despite some of the opposition, polls showed that most New Yorkers, |
0:51.3 | including most Long Island city residents, viewed it as an opportunity squandered. |
0:55.7 | But then a funny thing began to happen. Amazon seemed to make Long Island City cool for other |
1:00.1 | companies, not because it showed up, but just because it accepted the original invitation. |
1:05.2 | Axios' Erica Pandey reports this morning on how companies big and small have begun streaming |
1:10.6 | into Long Island City, |
1:12.1 | basically taking advantage of the same infrastructure that Amazon had planned to leverage. |
1:16.1 | Plus those tax breaks, some of those were existing programs that Amazon made famous, or infamous, |
1:22.1 | but which any company could use. |
1:24.1 | The bottom line here is that when it comes to building a metropolitan tech hub, sometimes |
1:28.2 | you can win by losing. In 15 seconds, we'll go deeper with Erica Pandy. But first, this. |
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