Google announces a $1bn investment in a new NYC campus

The tech giant has announced plans to establish another campus in NY to uphold its commitment to invest in US facilities, offices and jobs

17Dec

Google has announced that it will invest more than $1bn to build a new 1.7 million-square-foot campus in New York, dubbed "Google Hudson Square".

According to the tech giant's SVP and CFO Ruth Porat, the new development is part of the company's commitment to grow and invest in US facilities, offices and jobs.

Porat outlined that the Google Hudson Square campus will include leased properties at Hudson Street and Washington Street. "We hope to start moving into the two Hudson Street buildings by 2020, followed by 550 Washington Street in 2022 once the building is complete. Google Hudson Square will be the primary location for our New York-based global business organization," she said.

Google broke ground in NYC in 2000 and now has a reported 7,000 employees, speaking 50 languages – working across a broad range of industries such as Google Search, Ads, Maps, YouTube and Cloud.

Earlier this year the Google announced a $2.4bn purchase of Manhattan's Chelsea Market, Google Chelsea.


Visit DATAx Singapore on March 5–6, 2019


In a blog post, Porat said: "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 New York over the next 10 years. Our investment in New York is a huge part of our commitment to grow and invest in US facilities, offices and jobs.

"And as we continue to grow across the country, we look forward to calling New York City home for many years to come," she added.

The announcement of the new Google campus parallels other tech giant's recent expansion strategies. Last week Apple announced a $1bn investment to establish a 133-acre campus in Austin, Texas to accommodate 5,000 new employees. Additionally, last month Amazon unveiled its $5bn investment into its new HQs in NYC and Washington.

Porat also stated that this coming spring season the company aims to bring its "Grow With Google Initiative" to NY to open a temporary digital skills learning center, in the Chelsea office in aim to equip New Yorkers with "the skills needed to thrive in today’s digital economy".

Porsche closes  170m loan on blockchain platformsmall

Read next:

Porsche closes $170m loan on blockchain platform

i