Spotify will create more than 1,000 new jobs and retain 832 jobs, while investing to fit out and equip its new office space. To encourage Spotify to expand its operations in New York, Empire State Development will provide the award-winning music service company up to $11 million in World Trade Center Rent Reduction Program rent credits, available for approximately 15 years of Spotify’s lease.
We are proud to welcome Spotify to 4 World Trade Center and to have the future of music be a part of the bright future of our dynamic tech community.” “New York is rapidly emerging as the nation’s leading hub for tech and innovation, creating more jobs and more opportunities and emerging as the epicenter of the 21st economy. “Lower Manhattan is more vibrant, diverse, and connected than ever before, and Spotify’s expansion is the latest example of this community’s incredible potential for growth,” Governor Cuomo said. in early 2018.Īccording to Governor Andrew Cuomo’s office, “Spotify’s relocation to the new building will make it the first office tower to be fully leased on the historic 16-acre World Trade Center site." Spotify, which currently has offices in Midtown South, will move its New York office and its employees to 378,000 square feet of office space in the new Fumihiko Maki-designed building owned by Silverstein Properties, Inc. The Reasons Corporate Headquarters are Heading Back Downtownĭigital music service Spotify will move its United States headquarters to New York City’s 4 World Trade Center creating more than 1,000 new jobs and retaining 832 jobs in a major expansion.Should “Urbanization” Drive the Location Decision?.Location Strategies in the War for Millennial Talent.Frontline: Defend Trade Secrets Act Gives Added Protection for Tech Companies.Frontline: “Smart Cities” Use Technology & Data to Improve Citizens’ Lives.
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