Amazon Announces Plans For $5 Billion Second North American Headquarters

Amazon.com announced plans on Thursday to open a second headquarters somewhere in North America that will house up to 50,000 employees and cost $5 billion to build and operate. The company is soliciting bids from local and state government leaders for the project, dubbed Amazon’s “HQ2,” and said it would prioritize metropolitan areas with more than one million people.

“We expect HQ2 to be a full equal to our Seattle headquarters,” Amazon’s CEO Jeff Bezos said. “Amazon HQ2 will bring billions of dollars in upfront and ongoing investments, and tens of thousands of high-paying jobs. We’re excited to find a second home.”

The company also announced that its investment in Seattle from 2010 through 2016 has brought an additional $38 billion in investments to the local economy. It hopes to generate the same level of return in the new site:  “In addition to Amazon’s direct hiring and investment, construction and operation of Amazon HQ2 is expected to create tens of thousands of jobs in construction and related industries, and generate tens of billions of dollars in additional investment in the city where Amazon HQ2 is located."

Existing senior leaders will get to choose whether they locate their teams in the Seattle headquarters, HQ2 or both, the company said. Amazon is currently in an aggressive stage of expansion, buying up competitor companies and bricks and mortar stores as it looks to challenge the likes of Walmart in food retailing. According to the FT, the ecommerce giant has made about 130 acquisitions or investments since its debut in 1995.

The company’s Seattle headquarters is spread across 8.1 million square feet in 33 buildings and employs more than 40,000 people.

Comments

GUS100CORRINA VinceFostersGhost Thu, 09/07/2017 - 08:16 Permalink

It is ALL about JOB creation (or the illusion of job creation) and being politically correct with the TRUMP administration.With AMAZON, we are in unchartered ground and I suspect deals are being made behind closed doors that would include a big change in news NARATIVE coming out of the WASHINGTON COMPOST!!If BEZOS doesn't stop the WAPO FAKE NEWS, his plans are DEAD. If he reigns in WAPO, then there is room for negotiation.Principle found in "THE ART OF THE DEAL" authored by President TRUMP.

In reply to by VinceFostersGhost

Big Corked Boots Thu, 09/07/2017 - 07:45 Permalink

"soliciting bids from local and state government leaders for the project"Put another way, they're looking for the biggest payout of YOUR tax money to build thier facility for them.The best government money can buy.

pods Big Corked Boots Thu, 09/07/2017 - 07:52 Permalink

Exactly what I thought when I read that.  They get to line up and drop to their knees to see who does it best and gets Amazon to grace them with their HQ2.Isn't modern life great?  We get corporate giants to influence governments to extract more from the people to hand over to them.  Down here in the south it's getting pretty cutthroat when it comes to corporate incentives.  It won't end until the people get fed up and reduce their tax footprint enough to bankrupt the government.pods

In reply to by Big Corked Boots

effendi Big Corked Boots Thu, 09/07/2017 - 07:52 Permalink

What happens to that city when the economy enters a recession/depression that is overdue and Amazon goes bankrupt? Having to deal with a recession is bad enough but losing your biggest employer along with all the builders, suppliers and subcontractors that depend on it will be devestating.The city will have run up debts and made generous financial promises on the expectation that the good times will continue.  Detroit will have a rival for the most cratered city in America.

In reply to by Big Corked Boots

moorewasthebestbond (not verified) Thu, 09/07/2017 - 07:49 Permalink

TAX BREAKS AND CORPORATE WELFARE IN 3... 2... 1 STATES WILL LINE UP TO BLOW AMAZON AND THEN TAKE IT IN THE A$$

Oldwood TheSilentMajority Thu, 09/07/2017 - 08:47 Permalink

Like an invading army that assumes the wealth of its victims claiming proof of its superiority, while actually only consuming and destroying. Amazon is killing or buying it's completion with market dominance achieved with technology (weapons) that are destroying our jobs....and WE are buying it. We do not seem to be able to distinguish between economic growth that benefits us and that which is parasitically    consuming our future.

In reply to by TheSilentMajority

buzzsaw99 Thu, 09/07/2017 - 07:50 Permalink

why don't we just build them a huge sports arena and give it to them for free?  i'm a total nimby on this.  go somewhere else bezos bitchez.

Handful of Dust Thu, 09/07/2017 - 07:54 Permalink

   Amazon is under fire for reported Hurricane Irma price gouging, with 'life-sustaining necessities' selling for wildly inflated prices   For example, a 24-pack of Aquafina — typically sold for less than $6 — was priced at $20. And, Deadspin editor Diana Moskovitz reported that a 24-pack of Nestle bottled water with expedited shipping was priced at $179.25.      http://www.msn.com/en-us/money/companies/amazon-is-under-fire-for-repor… 

Son of Loki Juggernaut x2 Thu, 09/07/2017 - 08:02 Permalink

There's always a few nefarious people in any market place and Amazon will remove them I bet.But storing water for weeks!?Have you seen the photos of many of those folks in the shelter?I doubt many of them have enough food, water, etc for more then one day under normal conditions so I highly doubt they can "store water for weeks."It seems easy for you or me maybe, but for many of those low IQ very poor folks that's simply not realisitc. Houston has been mismanaged for years mostly by dem mayors. the last mayor Parker was no better. Instead of focusing on infrastructure, she went after the $$$$ rail connecting Houston and Dallas surely to be a boondoggle and lots of pork ofr her RE developer friends.Hopefully, this mayor Turner focuses on these issues namely infrastructure, etc.

In reply to by Juggernaut x2