Google to spend $1 billion to establish new campus in NY

Google is expanding in NYC in a big way

Google is expanding in NYC in a big

Earlier this year Google announced a $2.4 billion deal to buy the Chelsea Market shopping and office complex, where it has several floors of offices, and plans to lease an additional 320,000 square feet of space at Pier 57.

Google has announced that it is planning to open a new campus in New York City that will cost more than a billion dollars. All told, with Google Hudson Square and other expansion plans, Google will have office space to be able to more than double the number of staffers in NY over the next 10 years, according to Porat. "Google Hudson Square will be the primary location for our New York-based Global Business Organization", Porat wrote in the blog.

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The move by Google comes following Amazon's announcement of new headquarters sites in NY and suburban Washington DC worth some $5 billion, and Apple's $1 billion expansion to Texas and other areas. The company employs about 7,000 people in NY.

"Our investment in NY is a huge part of our commitment to grow and invest in USA facilities, offices and jobs", Porat said.

The new site is located close to the Hudson river.

The Google NYC expansion comes as other tech giants from the west coast start moving eastward.

As NPR's Jasmine Garsd reports from New York, Amazon's decision "was met with some public trepidation, and questions over what responsibilities big tech companies have toward communities when they move in".

Google has also spent $2.4bn.

Mark Muro, a senior fellow with the Brookings Institution Metropolitan Policy Program, tells Garsd that he's anxious the advantages that tech companies can bring won't be enjoyed by the rest of the country. "These are fantastic cities that attract a lot of great talent".

The Manhattan campus will comprise two buildings on Hudson Street and a third on Washington Street.

Google hopes to start moving into the building by 2022 and plans to double its NY headcount to 14,000 in the next 10 years.

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