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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

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