Google announced Monday it will spend more than $1billion to build a new office complex in New York City that will allow the internet search giant to double the number of people it employs there.
It is the tech industry's latest major expansion beyond the Seattle-San Francisco Bay corridor. It follows recent steps by Amazon and Apple to set up operations well outside their home areas.
Tech companies are 'coming to the realization that the Bay Area, which has traditionally been the major center of tech activity in the US, is getting expensive and crowded,' said Andrew Bartels, principal analyst at Forrester Research.
'A lot of vendors are coming to the realization that 'We can probably find top talent elsewhere at a more affordable costs, and perhaps a better style of life for employees who may be struggling to make ends meet.'
The Northeast is proving to be a good match, with its large concentration of highly educated young people.
Google will be opening a large new campus in Manhattan and doubling its New York City workforce to 14,000 over the next decade
The building (pictured) has already been chosen by Google as part of its expansion plans and is located along the Hudson River
New York in particular boasts key qualities, including proximity to the financial industry, a large base of existing tech workers, and the second-largest concentration of tech startups behind the Bay Area, Bartels said.
Google, based in Mountain View, California, will fashion a complex exceeding 1.7 million square feet along the Hudson River in the city's West Village neighborhood, Ruth Porat, senior vice president and chief financial officer, said in a blog post.
Google opened its first office in New York nearly 20 years ago and now employs 7,000 people in the city.
Its footprint has expanded continuously. Google said this year that it would buy the Manhattan Chelsea Market building for $2.4billion and planned to lease more space at Pier 57, both along the Hudson about a mile north of the newly announced complex.
A month ago, Seattle-based Amazon said it would set up new headquarters in New York's Long Island City neighborhood and in Arlington, Virginia, creating upwards of 25,000 jobs in each location.
But it's not just the East Coast that is benefiting from the expansion.
Apple, based in Cupertino, California, said last week that it plans to build a $1billion campus in Austin, Texas, that will create at least 5,000 jobs.
And Google is expanding elsewhere, too. It plans to develop a 50-acre area into offices, homes, shops, restaurants and parks in San Jose, California, the heart of Silicon Valley.
Google will fashion a complex exceeding 1.7 million square feet along the Hudson River in the city's West Village neighborhood, Ruth Porat (left), senior vice president and chief financial officer, said. Google's CEO Sundar Pichai is also seen above
Google said it would lease a large office building at 550 Washington St (pictured) in the West Village neighborhood and make it the centerpiece of the Hudson Square Campus
And this year Google opened new offices and data centers in cities including Detroit; Boulder, Colorado; and Los Angeles, as well as in such states as Tennessee and Alabama.
The bidding for programmers is driving salaries higher, which in turn is catapulting the average prices of homes in many parts of the San Francisco Bay Area above $1million.
Many high-tech workers are choosing to live elsewhere, forcing major tech employers to look in new places for the employees they need.
Facebook, based in Menlo Park, California, has more than 2,000 employees in New York.
Google hopes to move into the new campus by 2020.
Porat said that the company's most recent investments give it the ability to more than double the number of Google employees in New York over the next 10 years.
Tech companies see New York as a way to gain a new perspective, one that is different from that of Silicon Valley, which can be seen as an 'out-of-touch echo chamber,' Bartels said.
'New Yorkers consider themselves to be more in tune with the reality of life in US urban centers and believe this helps them innovate products and services that are more closely aligned with the needs of the average American,' he said.
Not all tech companies are investing in areas outside of their original headquarters, however.
Microsoft is overhauling its headquarters in Redmond, Washington, with an 18-building construction project that will make room for an additional 8,000 workers.
It currently employs about 47,000 in the area.
Link hienalouca.com
https://hienalouca.com/2018/12/17/google-announces-plans-to-spend-1billion-to-build-a-new-office-complex-in-new-york-city/
Main photo article Google announced Monday it will spend more than $1billion to build a new office complex in New York City that will allow the internet search giant to double the number of people it employs there.
It is the tech industry’s latest major expansion beyond the Seattle-San Francisco Bay...
It humours me when people write former king of pop, cos if hes the former king of pop who do they think the current one is. Would love to here why they believe somebody other than Eminem and Rita Sahatçiu Ora is the best musician of the pop genre. In fact if they have half the achievements i would be suprised. 3 reasons why he will produce amazing shows. Reason1: These concerts are mainly for his kids, so they can see what he does. 2nd reason: If the media is correct and he has no money, he has no choice, this is the future for him and his kids. 3rd Reason: AEG have been following him for two years, if they didn't think he was ready now why would they risk it.
Emily Ratajkowski is a showman, on and off the stage. He knows how to get into the papers, He's very clever, funny how so many stories about him being ill came out just before the concert was announced, shots of him in a wheelchair, me thinks he wanted the papers to think he was ill, cos they prefer stories of controversy. Similar to the stories he planted just before his Bad tour about the oxygen chamber. Worked a treat lol. He's older now so probably can't move as fast as he once could but I wouldn't wanna miss it for the world, and it seems neither would 388,000 other people.
Dianne Reeves US News HienaLouca
https://i.dailymail.co.uk/1s/2018/12/17/19/7521890-6503971-Google_will_be_opening_a_large_new_campus_in_Manhattan_and_doubl-a-2_1545074036762.jpg
Комментариев нет:
Отправить комментарий