On top of it all, it’s anyone’s guess if the city’s Amazon saga is even over. Governor Andrew Cuomo said he’s had many conversations with the company and hopes they reconsider. The New York Times reported that he’s gone so far as to connect with Jeff Bezos to make a personal pitch over the past two weeks. An open letter that ran as a full-page ad in the newspaper urged a second chance.
Confronted with “anti-business sentiment” and derailed economic development, Moody’s ended up deciding Amazon wasn’t a big loss; New York is strong enough as is. Armed with an even-better credit rating and record-low borrowing costs, it may only get stronger.
This article provided by Bloomberg News.