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Alphabet's Google plans to invest more than $1 billion on a new campus in NY.

Google parent Alphabet's chief financial officer Ruth Porat said it would lease large office buildings in lower Manhattan, which will become the centerpiece of a campus of more than 160 000 square meters.

Google's NY investment also follows other new offices and data centers opened this year outside of its California headquarters in locations including Detroit, Boulder, Tennessee and Alabama.

For more on Google's $1 billion expansion in New York City, follow on over to The Washington Post.

It's Google's second big bet on NY this year: In March, the company bought the Manhattan Chelsea Market building for $2.4 billion. Meanwhile, Apple last week unveiled a $1 billion expansion project of its own in North Austin, Texas, along with plans to boost headcount in additional cities, including Culver City, Calif.

A month ago, Seattle-based Amazon said it would set up new headquarters in New York's Long Island City neighbourhood and in Arlington, Virginia, creating upwards of 25,000 jobs in each location. Google plans open the two Hudson Street buildings in 2020 and intends to move into 550 Washington Street section in 2022. NY had 254,270 tech employees last year, with the labor pool growing 17 percent from 2012 through last year.

Pictured above: Artist's rendering of 315 Hudson St. "As an American company, we cherish the values and freedoms that have allowed us to grow and serve so many users", Pichai said in opening remarks. The company employs about 7,000 people in NY. And the company is also investing in other parts o the USA - the blog post notes the company opened new offices and data centers in a number of locations this year, including Detroit, Boulder, Los Angeles, Tennessee and Alabama.

Google hopes to start moving into two Hudson Street buildings by 2020, followed by a Washington Street in 2022 and will have the capacity to more than double its NY head count, now more than 7,000, in the next 10 years.

The last major investment in the city happened back in February when Google acquired the entire Chelsea Market building for $2.4 billion.

The Amazon deal was brokered by the state in cooperation with New York City's Economic Development Corporation.