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posticon Amazon Selects Long Island City For New Corporate Headquarters

Business | Friday, November 16, 2018 | By New York State Governor's Office Print
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goc amazon licityNovember 13, 2018--New York City--Shown is an aerial view of the location where Amazon will establish a new corporate headquarters in Long Island City, Queens. The decision followed a comprehensive, year-long selection process during which 238 cities across North America competed for the multibillion-dollar project. (Kevin P. Coughlin/Office of Governor Andrew M. Cuomo)

Governor Andrew M. Cuomo and Mayor Bill de Blasio announced Tuesday that Amazon will establish a new corporate headquarters in Long Island City, Queens. The decision followed a comprehensive, year-long selection process during which 238 cities across North America competed for the multibillion-dollar project.

In 2019, Amazon will occupy up to 500,000 square feet at One Court Square while working to construct four million square feet of commercial space on Long Island City's waterfront over the next 10 years, with expansion opportunities for up to 8 million square feet over the next 15 years. Through a $3.6 billion total investment, Amazon will draw from the diverse and talented workforce in New York State to fill at least 25,000 new jobs by 2029 and up to 40,000 jobs by 2034 with an average salary of more than $150,000. The construction is expected to create an average of 1300 direct construction jobs annually through 2033. Overall, the project is estimated to create more than 107,000 total direct and indirect jobs, over $14 billion in new tax revenue for the State and a net of $13.5 billion in City tax revenue over the next 25 years. The project provides a 9:1 return on investment.

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posticon Flavored E-cigarettes Taken off the Market

Business | Friday, November 16, 2018 | By - Print
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cigarette

Juul Labs announced Tuesday it would stop selling most of its Flavored JUUL e-cigarette pod sales to 90,000+ retail stores. The San Francisco company also said it would discontinue its social media promotions.

"We don’t want anyone who doesn’t smoke, or already use nicotine, to use JUUL products. We certainly don’t want youth using the product," said JUUL Labs CEO Kevin Burns. It is bad for public health, and it is bad for our mission. JUUL Labs and FDA share a common goal – preventing youth from initiating on nicotine. To paraphrase Commissioner Gottlieb, we want to be the off-ramp for adult smokers to switch from cigarettes, not an on-ramp for America’s youth to initiate on nicotine. We won’t be successful in our mission to serve adult smokers if we don’t narrow the on-ramp."

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