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Amazon

Amazon names locations for new US HQs

Source: BBC News:
November 13, 2018 at 14:29
REUTERS/The Crystal City area of Arlington, VA is close to the Pentagon and Reagan National Airport
REUTERS/The Crystal City area of Arlington, VA is close to the Pentagon and Reagan National Airport
Amazon plans to build major new campuses in New York City and next to the Pentagon near Washington DC, and expand its operations in Nashville.

The decision comes 14 months after the tech giant kicked off a continent-wide competition by announcing a search for a "second headquarters" location.

The contest drew 238 bids, as local officials leapt at the chance to land a potentially transformative investment.

The three locations could create up to 55,000 jobs in the next two decades.

Amazon said it expected to invest about $2.5bn each in New York and Arlington, where it has planned offices that will host as many as 25,000 "high-paying jobs".

It said Nashville, Tennessee would become Amazon's new East Coast hub of operations, creating another 5,000 jobs.

In exchange, the firm is due to receive more than $2bn dollars worth in tax benefits and other incentives from the state and local governments. 

How did it make its decision?

Amazon had originally said it was looking to build a single "HQ2" in a large urban area, with proximity to a major airport and access to mass transit.

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