Monday , March 1 2021

Amazon Announces HQ2 Winners – WSJ



Amazon.com Inc. announced Tuesday that she would be home to the second and third office buildings in New York and Washington, DC, at the end of a more than a year-long public tender beginning with 238 candidates and ending with so-called HQ2.

Amazon said it would invest $ 5bn in two new offices, each of which will have more than 25,000 employees in New York's Long Island city and Arlington, Germany, near the National Landmine, which includes Crystal City and is located in Washington, DC, Metro.

The company also said it will create a new operations center in Nashville with more than 5,000 jobs.

Amazon split HQ2 side between New York and Northern Virginia partly because it wanted to recruit enough of the best technology talent. This decision effectively provides the Seventh Amazon with a large presence in three coastal centers that are politically down, at a time when technology companies are worried about their perceived elitism and liberal social beliefs.

Government officials in both New York and Northern Vidzeme hoped to act after statements later on Tuesday.

Amazon may be a better-named HQ queue for a long time looking for a new headquarters – Duplicate HQ2. With 50,000 jobs and $ 5 billion in investment, here's a look at the big cities in the go to the woo tech giant, and why Amazon ultimately settle in two places.

Bill de Blasio, Mayor of New York, discussed the Amazon deal on Monday during a televised show, although he did not confirm that the city was officially selected. He hoped HQ2 would come to New York. "We are talking about a major economic development agreement in New York history," he said.

Amazon moved to New York by handing it against a competitor to Google, which drives its expansion into the city. Wall Street Journal reported last week that

Alphabet
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the unit will complement office space for more than 12,000 new employees, the number almost double the current search giant's current staff in the city, people who know this issue. On Monday evening, at the D.Live Technology Conference, Google's Financial Officer Ruth Porat confirmed that the company plans to double its New York staff of 7,000 over the next twenty years.

The district of Columbia, which had three seats between the finalists, including Crystal City, was considered a leading candidate, partly because the Amazon Executive Director Jeff Bezos is the other one living there and he owns the Washington Post.

Crystal City, a 1960s building near the Pentagon, has become outdated in the past decade, with major employers, including the Department of Defense and private sector tenants, raising their rates.

According to the people who participated in the discussions, it is largely near Washington, Ronald Reagan Washington National Airport, metro stops and other modes of transport, making it an attractive destination for the Amazon's ambitious second headquarters plan. In addition to appeals, it is mostly one developer.

Potentially negative indicators are the region's poorly trafficked traffic, which may require significant new investment. The impact of Amazon on housing could be significant.

Virginia might be a good fit for Amazon politically as an important purple state that promises political influence no matter which party is in force. Although D.C. The area has no modern culture in New York, it's large, very diverse, and probably enough for the hips.

The long island city of Queens had a long industrial neighborhood, where residential construction began with more than 16,000 new flats built since 2006. This is the fastest growing community in New York.

The surrounding area is across the east river and is accessible to several metro lines, Long Island Railway Station and two ferry lines. It is close to La Guardia and John F. Kennedy International Airport.

As long as the city included four neighborhoods in its original offer, Angry officials moved to Long Island City from the start, according to people who are familiar with this process.

Amazon started a search across North America in September 2017 to create a second, equivalent headquarters for its home base in Seattle. It was said that the new location would have around 50,000 jobs and would be a billion investment.

In January, Amazon narrowed down the competition to 20 finalist cities, then asked for data and made a visit to two-day visits when cities tried to impress the company's economic development team.

The journalist then reported that Amazon is planning to split the second headquarters evenly between the two locations rather than choosing a single city. Changes in plans came after Amazon executives came to the conclusion that it could recruit more of the best technology talents if it distributed the office to two locations. And by halving its size, Amazon would help alleviate potential problems in housing, transit, and other areas where tens of thousands of workers could be in trouble.

The decision to split what was considered one of the largest economic development projects in recent history has raised concerns about criticism of Amazon's initial intentions, but also about new expectations. Some city officials said they would have adapted their proposals to meet this need, while others said they thought they would increase their city's capabilities.

The division also raised questions about how the two new places will be the same as the Amazon's current Seattle base, which employs more than 45,000 people.

Amazon is included in many qualifications for choosing new headquarters, including access to mass transit services, airport proximity to direct flights to and from Seattle, and perhaps the most important thing is the bundle of tangible technology available nearby. The company also wonders if it would be one of the largest companies in the city that could make it a magnet for the same kind of test that it gets in Seattle for social problems. In addition, Amazon was hoping to show real economic power by investing in a new field, highlighting job creation capabilities.

Some economic development experts kissed their position in the Amazon's decision to make the process public, resulting in complicated factors, including a shorter list of longer than usual and speculative real estate purchases around the locations offered.

It has also given additional attention to the potential incentives that Amazon could receive in certain areas.

However, the process has generated positive publicity for the year, highlighting Amazon's ability to create jobs and investment, even if the company is facing critics, from President Trump to Vermont Sen Brian Sanders, who has spoken about wage problems.

"It was really a platform for Amazon to move the market from traditional ecommerce to a large technology company that creates jobs in a variety of industries," said John Boyd, chief site selection consultancy for Boyd Co. " It was also a platform for cities to promote themselves to the global audience. "

The choice of new office space follows the September Amazon announcement that its warehouse staff will raise the minimum wage to $ 15 per hour. Last year, Amazon also announced large rent plans as it creates more warehouses and expands its US workforce.

Amazon's decision leaves the group of cities that spent months' resources and time without a clear reward. Some cities have announced that this process has promoted awareness of other potential economic development deals.

To write Laura Stevens at [email protected] and Keiko Morris at [email protected]


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