Google Plans to Spend Over $1 Billion on New York City Campus

Google To Invest $1 Billion To Set Up Campus In New York

Google has announced that it is planning to open a new campus in New York City that will cost more than a billion dollars. The new campus will be the main location for Google's advertising sales division, the Global Business Organization.

For more on Google's $1 billion expansion in New York City, follow on over to The Washington Post.

Google's parent company Alphabet said Monday it was investing over $1 billion in capital improvements to establish a new campus in New York City.

"When we came to New York City nearly two decades ago, it was our first office outside of California".

There will be three buildings in all that make up the campus: two pre-existing buildings on Hudson Street and a yet-to-be-built building on nearby Washington Street. Several New York City protests have already happened related to the move. Many high-tech workers are thus choosing to live elsewhere, causing major tech employers such as Apple, Amazon and Google to look in new places for the employees they need to pursue their future ambitions. The company has obtained leases for 315 and 345 Hudson Street.

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It is a "fairly sensible" move for Google given the amount of available talent pool, Atlantic Equities analyst James Cordwell said. The current New York Google office is home to more than 7,000 employees and according to the press release, they intend to more than double the number of staff there over the course of the next 10 years.

The company now employs some 7,000 people in NY.

"We believe that as our company grows, we have a responsibility to support the communities we call home", said Porat. Google has today revealed that the company will invest $1 billion to build a new campus in NY. And the company is also investing in other parts o the USA - the blog post notes the company opened new offices and data centers in a number of locations this year, including Detroit, Boulder, Los Angeles, Tennessee and Alabama.

"New Yorkers consider themselves to be more in tune with the reality of life in USA urban centres and believe this helps them innovate products and services that are more closely aligned with the needs of the average American", he said.

The news comes on the heels of picking NY as its second headquarters.

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