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And The Winner Is….

After a year-long search, promising a “full equal” to its current Seattle HQ, Amazon splits its second headquarters between *two* cities.

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Backstory: Amazon’s Hunt

Required: metro area with 1M population, int’l airport, mass transit, quality higher education, an educated workforce, & business-friendly environment.

Promised: a full equal to current Seattle campus, $5B construction investment & 50,000 jobs.

 

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“… much less radical move than many imagined … rich places getting richer.”

Jed Kolko, Indeed chief economist, on Amazon selecting D.C. & NYC-area home bases - the biggest financial and political hubs in America. Amazon CEO Jeff Bezos says the two cities offer the ability to attract "world class talent."
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Crystal City, VA

  • Arlington area, 3 miles west of D.C., eager for new economic energy after 24K federal jobs moved out in the early 2000s.
  • Known for its outdated, ’70-80s commercial buildings connected by underground tunnel with shops & restaurants.
  • Concerns over steep housing prices, congested roads, & pricing out of lower-income residents.
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Long Island City, NY

  • NYC neighborhood, 3 miles east of Times Square, is an old manufacturing area in Queens.
  • Even before Amazon, it is one of the fastest-developing areas with 9K+ new apartments & homes built in 8 years.
  • Struggling to handle the growth with crowded schools and infrastructure issues like sewage backups with heavy rain.
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Bigger Picture:
Why it Matters

  • 238 cities in U.S. & Canada shared taxpayer-funded research trying to woo Amazon.
  • Giving Amazon an invaluable database & insight into what types of incentives communities are willing to offer as the tech giant expands building possible data and logistics centers, etc.
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Two, winning cities will split the 50,000 jobs and $5B in investment evenly. Amazon also announced it will open a customer fulfillment center in Nashville, creating 5,000 jobs. The average salary for all 3, new locations? Over $150K, according to Amazon.

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