Digital music company Spotify USA is expanding and relocating its Manhattan office from Chelsea to the World Trade Center, expecting to add 1,000 jobs, the company and New York Gov. Andrew Cuomo announced Wednesday.
Spotify will make its U.S. headquarters in about 400,000 square feet of space in 4 World Trade Center, a 2.3 million square foot tower developed by Silverstein Properties Inc.
The growing tech company ran out of space in its Chelsea location on W. 18th Street because the city offers the company access to a broad and diverse workforce, Horacio Gutierrez, Spotify’s general counsel said during a news conference.
New York state is providing the company with as much as $11 million in rent-reduction credits available for the 15 years of Spotify’s lease, state officials said. Gutierrez said the relocation wouldn’t have been possible without the credits. Job creation is part of the eligibility requirements for the credits.