Read Amazon’s full statement on the cancellation of their New York headquarters

"We are disappointed to have reached this conclusion."

In this photo taken on Feb. 9, anti-Amazon graffiti is displayed in a Long Island City neighborhood in New York City. –Spencer Platt / Getty Images

Amid mounting political and community opposition, Amazon announced Thursday that it is abandoning plans to build a new 25,000-job headquarters in New York City.

The online retail giant said it was “disappointed to have reach this conclusion ” and attributed the decision to local elected officials who had “made it clear they oppose our presence.” Amazon had been promised nearly $3 billion in tax incentives as part of the expansion deal.

The company added that it does not intend to reopen its widely covered H2Q search process at this time and will proceed with its major expansion plans in Northern Virginia and Nashville, as well as its plans to grow its 17 other North American corporate offices.

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Read their full statement below:

After much thought and deliberation, we’ve decided not to move forward with our plans to build a headquarters for Amazon in Long Island City, Queens. For Amazon, the commitment to build a new headquarters requires positive, collaborative relationships with state and local elected officials who will be supportive over the long-term. While polls show that 70% of New Yorkers support our plans and investment, a number of state and local politicians have made it clear that they oppose our presence and will not work with us to build the type of relationships that are required to go forward with the project we and many others envisioned in Long Island City.

We are disappointed to have reached this conclusion—we love New York, its incomparable dynamism, people, and culture—and particularly the community of Long Island City, where we have gotten to know so many optimistic, forward-leaning community leaders, small business owners, and residents. There are currently over 5,000 Amazon employees in Brooklyn, Manhattan, and Staten Island, and we plan to continue growing these teams.

We are deeply grateful to Governor Cuomo, Mayor de Blasio, and their staffs, who so enthusiastically and graciously invited us to build in New York City and supported us during the process. Governor Cuomo and Mayor de Blasio have worked tirelessly on behalf of New Yorkers to encourage local investment and job creation, and we can’t speak positively enough about all their efforts. The steadfast commitment and dedication that these leaders have demonstrated to the communities they represent inspired us from the very beginning and is one of the big reasons our decision was so difficult.

We do not intend to reopen the HQ2 search at this time. We will proceed as planned in Northern Virginia and Nashville, and we will continue to hire and grow across our 17 corporate offices and tech hubs in the U.S. and Canada.

Thank you again to Governor Cuomo, Mayor de Blasio, and the many other community leaders and residents who welcomed our plans and supported us along the way. We hope to have future chances to collaborate as we continue to build our presence in New York over time.