Canon to sell its USA headquarters?
Newsday is reporting that Canon is threatening to “close Melville (NY) headquarters if more tax breaks are not approved”
- Would then have all of its employees work remotely in the area
- Building currently holds 1,100 workers
- A 10 year incentive package approved in 2007 for $35 million in taxpayer dollars is set to expire
- Canon spent $500 million to build the complex and completed it in 2013
- Company is asking for $7 million in tax breaks over next 12 years to remain in Melville, NY