The financial director of American corporation Google, which is part of the Alphabet holding, Ruth Porat, announced the company's plans to build a new office in New York. It is planned to spend 1 billion dollars to build a new office, which will be located in two buildings with an area of approximately 160 thousand square meters. Its opening is expected in 2020-2022. Thanks to this construction and the previously acquired Chelsea Market building, for 2 billion 400 million dollars, the company will be able to increase its staff 2 times, numbering now 7 thousand employees. Other high-tech companies, like Google, are seeking to increase their presence outside of Silicon Valley.