Amazon picks New York and DC area for new headquarters
- 6 years ago
Washington and New York — After 14 months of deliberation, Amazon announced that New York and Virginia are their final choice for the location of their new offices.
Amazon's new headquarters, dubbed HQ2, will be divided between New York City and Arlington, Virginia. Both offices will cover 371,000 square meters and generate 25,000 new jobs.
An additional Amazon operation center will be opened in Nashville. The site will span almost 93,000 square meters and generate $230 million in investment as well as open 5,000 full-time job positions.
According to Amazon, taxpayers in New York will pay $48,000 per job, $22,000 in Virginia and $13,000 for Tennessee. According to The New York Times, Amazon will receive more than a billion dollars in tax incentives.
Other cities in the country had offered the tech giant even higher incentives. According to The Baltimore Sun, the city of Montgomery County in Maryland had the biggest offer with a bid of over $8 million which included tax incentives and infrastructure and transportation improvements.
According to The Amazon blog, the cities were ultimately chosen due to their transit access, diverse talent and business environment.
The e-commerce giant has made its move, let's see if it pays off.
Amazon's new headquarters, dubbed HQ2, will be divided between New York City and Arlington, Virginia. Both offices will cover 371,000 square meters and generate 25,000 new jobs.
An additional Amazon operation center will be opened in Nashville. The site will span almost 93,000 square meters and generate $230 million in investment as well as open 5,000 full-time job positions.
According to Amazon, taxpayers in New York will pay $48,000 per job, $22,000 in Virginia and $13,000 for Tennessee. According to The New York Times, Amazon will receive more than a billion dollars in tax incentives.
Other cities in the country had offered the tech giant even higher incentives. According to The Baltimore Sun, the city of Montgomery County in Maryland had the biggest offer with a bid of over $8 million which included tax incentives and infrastructure and transportation improvements.
According to The Amazon blog, the cities were ultimately chosen due to their transit access, diverse talent and business environment.
The e-commerce giant has made its move, let's see if it pays off.