Google will spend $1 billion on new NYC campus ‘Google Hudson Square’

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As it stands, Google employs over 7,000 individuals in New York City - the new campus is expected to more than double that amount. The project would add about 7,000 jobs almost doubling the company's NY presence over the next 10 years. The new campus will give Google space to more than double its headcount in NY over the next decade. Last month, Amazon announced that it will establish dual East Coast headquarters located in Long Island City, in the NYC borough of Queens, and the in Arlington, Va. Amazon said it would hire some 25,000 workers in each location.

The new Google campus will be divided among three addresses in the West Village neighborhood: 315 and 345 Hudson Street, and 550 Washington Street, Porat said.

And fitting in with a vibrant city is part of what makes NY attractive to tech firms, along with a good amount of local talent and that whole finance-capital-of-the-world thing.

Google became the latest U.S. tech giant to announce a major expansion plan, unveiling a $1bn investment to create a new campus that could double its New York City workforce to 14 000. Despite expensive bids and appeals from other regions of the United States, world-class cities can reliably offer tech companies the talent, influence and culture they are seeking.

Google has contributed more than $150 million in grants and employee-matched giving to NY nonprofit institutions since 2011, according to Porat.

"With these most recent investments in Google Chelsea and Google Hudson Square, we will have the capacity to more than double the number of Googlers in NY over the next 10 years", Alphabet CFO Ruth Porat wrote in a blog post.

Facebook, based in Menlo Park, California, has over 2,000 employees in NY.

Google hopes to start moving into the building by 2022.

"Our investment in NY is a huge part of our commitment to grow and invest in USA facilities, offices and jobs".

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

"We believe that as our company grows, we have a responsibility to support the communities we call home. In fact, we're growing faster outside the Bay Area than within it", said Ruth Porat, the chief financial officer of Alphabet and Google.