Amazon selects New York City, Arlington, as HQ2 sites


If each location gets 25,000 jobs, that would make it smaller than Seattle's, which houses more than 40,000 workers.

Google, for example, is also planning a major expansion in NY.

RICHMOND, Va. - Amazon will split its second headquarters between Long Island City in NY and Crystal City in northern Virginia, according to a person familiar with the plans.

The company has said it helped boost Seattle's economy indirectly by US$38 billion between 2010 and 2016.

Amazon's requested perks include not just money, but a helipad at its planned new locations in Long Island City and National Landing - a tall order, given that Crystal City now falls within a flight restricted zone where the only allowed flights are those that go through the airport or have to do with law enforcement and the military.

It's hard to argue with her conclusion: "The victor in this deal isn't NY, and it certainly isn't the taxpayers".

In a series of tweets late on Monday, New York Representative-elect Alexandria Ocasio-Cortez said that Queens residents' response to the move was to express "outrage". Each site will get 25,000 jobs.

Neither New York nor the Washington, D.C., area have trouble generating jobs for their more highly skilled residents, but both struggle with higher-than-average unemployment, higher-than-average poverty and limited social mobility.

But Crystal City isn't actually going away. In New York, the figure is $1.525 billion in exchange for the 25,000+ jobs.

Others with less money to offer took a more creative approach: the mayor of the Atlanta suburb of Stonecrest, Jason Lary, said he would create a new city from industrial land called Amazon and name Bezos its mayor for life. That cluster would rival Amazon's just-announced Nashville "Center of Excellence" in size. Now, they're banking on its presence to create enough demand to benefit some of its graduates.

Amazon said it plans on investing $5 billion Dollars (roughly $6.62 billion CAD) and hopes to create approximately 50,000 jobs divided between the two locations.

Nix said the first big impact will be for renters, as those who come to the DC-metro area for work tend to rent out condos and apartments before making the bigger decision to buy. There is plenty of capacity in the area and in the transit system to accommodate the new workers, Hoskins said in an interview Tuesday. The area is trying to revive itself after thousands of federal jobs moved elsewhere. "Economic development is the train that pulls the car-period".

Without significant investment in new affordable housing, low-income tenants could be pushed out as landlords woo the higher-income newcomers. New York City changed the lights on the Empire State Building to Amazon's signature orange color. "Investing in luxury condos is not the same thing as investing in people and families". Virginia's is the 26th, just above the $750 million deal Solar City secured to build a factory in Buffalo in 2014.

It can also apply for other tax incentives, such as New York City's Relocation and Employment Assistance Program that offers tax breaks potentially worth $900 million over 12 years. Already-planned improvements coming to nearby LaGuardia and JFK International airports also will help ease the retail and shipping giant's activities.

On Tuesday, the firm said the division would allow it to "attract more top talent", especially in software development, when hiring starts in 2019. The e-commerce giant has narrowed its list for a new base to 20 possible locations since January.

Should we be sceptical about this public bidding process?

New Jersey, Maryland and Missouri were all willing to shell out about $140,000 per job to bring the online retailer their states.

Furthermore, it's more than likely that Amazon used its final bids from the competing cities as leverage in the deals it was most interested, thereby artificially inflating the worth of the deal.