Amazon’s HQ2 Would Foster Tech Boom In New York City
While many New Yorkers fear the day that Amazon will move to its new “headquarters” near Long Island City, Queens, across the subway with twenty-five thousand new employees, a group of people welcomes the company of open arms, other leader’s technology companies.
It may look as if counterintuitive for small technology companies to seek a potential rival to appear on their territory. But recruiters and technology leaders in New York say they use a different Amazon game book. They consider that the existence of the Amazon brings new technological talents that would otherwise not come to New York.
This could mean that these new employees will either end up in small technology companies or offer ideas for startups, and they will glow the interest of venture capitalists in the region.
As per the interviews with 15 venture capitalists, tech executives, and entrepreneurs based in New York, Amazon has moved to improve the local IT sector in all areas, although some caution that it can also be intricate for small technology companies contend, in case of economic delay.
The impact of the Amazon in New York depends in large part on the types of jobs it develops. Warren Lee, an independent New York-based investor who in recent times worked for Canaan Partners, said Facebook and Google are likely to continue to create key rivals of technical talent and products such as Amazon to create less technical projects in New York. Amazon did not respond to requests for comments.
The move to Amazon in New York would upset the insight that Silicon Valley is the only viable place for technology. But it is unlikely to be completely canceled, entrepreneurs and investors said.
Chief people officer at human resources software company, Lorna Hagen said, “As I earlier looked at J.P. Morgan, I am looking at Amazon the same way.”