02/15/2019
Imagine: Amazon moves in. 25,000-40,000 people earning six figures move into the area. Because of this, construction starts. Because construction starts, those jobs Opens a New Window. are created. Because construction starts, materials need to be bought. Because of this, companies that supply all those materials are doing more business … which increases their profits and potentially they hire more people.
Because of this construction, new roads, new access, sewers and infrastructure start up. You remember how important infrastructure is? Because of all this, even more jobs are created. All those jobs created increase the customer base. Because of the increased customer base, retail and restaurants do better. Because they are doing better, maybe they expand, creating even more jobs.
Those new retail and restaurant jobs also expand the customer base. As more and more companies see how well those retail and restaurants are doing, they now decide to open up in Long Island City. Because they open in Long Island City, they now have to hire more and more people. On and on and on.
-By Gary Kaltbaum