While the developers say they are bullish on their ability to lease up the buildings, slow job growth, economic uncertainty and companies opting against moving as a cost-savings measure are putting pressures on New York landlords and developers looking to lure tenants.
The Bring Jobs Home Act would provide a 20% tax break for the costs of moving jobs back to the United States and would rescind business expense deductions available to companies that are associated with the cost of moving operations overseas.