Top economic official: NYC can set itself apart from Silicon Valley with this one asset
New York’s ecosystem is doing far better than its peer cities.In this op-ed, he calls Amazon's decision to withdraw its plan to build a new Queens headquarters 'disappointing' for New Yorkers.New York needs to continue differentiating itself from Silicon Valley by leaning into its greatest asset: diversity.
This loss for New Yorkers is disappointing. This was the single biggest job creation opportunity in New York State history, projected to deliver close to $30 billion in tax revenue over the next quarter century, fortify the city's economy, and given tens of thousands of people new pathways to the middle class.
But all this won't matter if innovation companies feel as though their growth will be stifled here. We as a city need to continue to support expansions that generate good-paying jobs, whether it's Google spending more than $1 billion to build a new campus on the Far West Side or Zola's headcount tripling since 2017.
Perhaps most importantly, New York needs to continue differentiating itself from Silicon Valley by leaning into our greatest asset: our diversity.
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