When it comes to luring business to New York, the city may take a hit after Amazon announced it was ditching its plans to build half of its East Coast headquarters there, the head of a local business group told CNBC on Friday.
"New York's image as a place to do business is a bit tarnished and there's uncertainty in the minds of business, which they don't like, about whether or not they will locate here," said Kathryn Wylde, CEO of Partnership for New York City. The organization, which supported the deal to bring the tech giant to the city, is a nonprofit that represents the city's business leadership and large private-sector employers.
Amazon said Thursday it would not build a headquarters in the Queens neighborhood of Long Island City following mounting opposition to its plans. The tech giant was offered nearly $3 billion in performance-based incentives, but New York Gov. Andrew Cuomo said the deal would still bring in $27 billion in revenue in exchange for that incentive package.