According to Michael Bloomberg, current Mayor of New York City, Financial Times proprietor Pearson Plc is hoping to create six hundred more media and technology positions in offices near to where it is currently working from, Hudson Square, in Lower Manhattan.
The Mayor said that Pearson Plc will also be the recipient of at least $13.5m in state tax credits and electricity bills discounted by the city, over the length of a decade, starting in three years’ from now when it moves into 25,000 sq m. of space at 330 Hudson Street. Of this figure, $4.5m is an energy savings plan called ‘Business Incentive Rate,’ $9m from the Empire State Development Corp. Along with this, other financial incentives could be available to the company too. As Bloomberg commented in a statement, “Pearson’s relocation to and expansion at Hudson Square and its long-term investment in New York City is the latest example of the private sector’s confidence in the direction of our city and future growth of our local economy.”