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Amazon to Open Chelsea Office While Earning Up to $20M in Tax Breaks

By Allegra Hobbs | September 21, 2017 12:13pm

CHELSEA — Amazon will continue its expansion in New York with a new administrative office near the Hudson Yards, Gov. Andrew Cuomo's office announced Thursday.

The announcement comes as city officials are separately vying to host the company's massive second headquarters, which would cost about $5 billion and bring up to 50,000 jobs. 

Cuomo on Thursday said the online retail giant next year will open a 359,000-square-foot office space at 5 Manhattan West, a development at 10th Avenue between 31st and 33rd Streets, bringing with it 2,000 finance, sales, marketing and tech jobs, according to the announcement.

Cuomo strongly encouraged the company's expansion by offering potentially hefty tax breaks, including up to $20 million in performance-based tax credits through the State's Excelsior Jobs Program, which allows businesses to claim tax credits over time by maintaining job creation. 

"Amazon's further expansion in New York is proof positive that our strong economic climate, diverse workforce and talent, are helping to attract top-notch companies from around the world," said Cuomo in a statement. "We will continue to support the growth of this state's business sector, which in turn supports economic growth and the creation of quality, good-paying jobs across the Empire State."

The company has continued to aggressively expand its presence across the boroughs in recent years. It already has a 350,000-square-foot office in Chelsea, as well as a distribution center in Sunset Park.

On Sept. 6, Amazon announced it will open an 855,000-square-foot warehouse in Bloomfield, Staten Island, employing up to 2,250 full-time workers.