Sep 7, 201705:51 PMBlog

Amazon looking for second home

Sep 7, 2017 - 05:51 PM

Amazon today announced plans to open Amazon HQ2, a second company headquarters in North America.

Where exactly Amazon HQ2 will be is still up in the air.

The Seattle-based e-commerce giant is opening the Amazon HQ2 request for proposal now, encouraging local and state leaders to direct their pitches toward the Amazon website. The firm expects to invest over $5 billion in construction and grow this second headquarters to include as many as 50,000 high-paying jobs.

It’s potentially big news for an enterprising city out there. Amazon estimates its investments in Seattle from 2010 through 2016 resulted in an additional $38 billion to the city's economy — every dollar invested by Amazon in Seattle generated an additional 1.4 dollars for the city's economy overall.

"We expect HQ2 to be a full equal to our Seattle headquarters," said Jeff Bezos, Amazon founder and CEO. "Amazon HQ2 will bring billions of dollars in up-front and ongoing investments, and tens of thousands of high-paying jobs. We're excited to find a second home."

In announcing the search, Amazon outlined its preference for a metropolitan area with more than a million people, a “stable and business-friendly environment,” and urban or suburban locations with the potential to attract and retain strong technical talent.

Amazon already has a strong presence in the South Sound, with fulfillment operations in Kent, DuPont and Sumner.

            

Edit Module
Advertisement
Bookmark and Share Email this page Email Print this page Print Feed Feed
Edit Module
Advertisement

About This Blog

Follow our blog for all the latest in local business news. To get the top local business news, subscribe to Daily Biz Briefs email newsletter. As a reader of this FREE email you get breaking business news each business day afternoon delivered right to your email inbox.

 

Feed

Atom Feed Subscribe to the Blog Feed »

Recent Posts

Archives

Categories