Google's parent, Alphabet announced on Monday that it's investing over a billion dollars for a major expansion of it's New York offices. Reuter's Breaking News Columnist, Tom Berkeley.>> A billion dollars for Google is you know, in one level, it's chump change. This is a company that's gonna earn earnings, you know, about $30 billion this year, and it's growing at a double digit pace.
But they have now have four sites in a compact area of New York City where they can house more than 10,000 workers. And for people who know the West Village, it's a pretty nice part of the world, so it's gonna be pretty attractive for workers. And these are the kind of highly sought after tech workers, who can go almost anywhere they want and get a good job.
And so increasingly, the company's are going to the parts of the country that will attract these folks.>> Well, welcome everyone.>> The Google news comes on the heels of Amazon's announcement earlier this year that it chose New York City as part of its second headquarters. In a blog post, Google said it would lease a large office building in Manhattan's technology corridor along the Hudson River to establish a new campus which would cover more than 1.7 million square feet.
That would make Google one of the city's largest commercial tenants according to the Wall Street journal. The Hudson Square campus would be the primary location for Google's global business organization. The expansion part of the trend among tech giants growing outside the west coast. Amazon picked New York's Long Island city and the Crystal City area outside Washington DC for its HQ 2.
And Apple said last week, that it plans to invest $1 billion to build the second campus in Austin, Texas.