Amazon To Split Second Headquarters Between New York, Virginia

14 November, 2018, 03:13 | Author: Otis Hoffman
  • One of the areas that Amazon is considering for a headquarters is Long Island City

Amazon selected the Long Island City neighborhood in the NY borough of Queens, across the East River from Manhattan, and the Crystal City section of Arlington, across the Potomac from the USA capital Washington, where Amazon plans to create a new neighborhood called National Landing.

The three locations could create some 55,000 jobs in the next two decades.

According to an Amazon statement, the company will receive "performance-based direct incentives of $1.525 billion" over the next decade from NY based on creating 25,000 jobs in Long Island City.

Both Van Bramer and Gianaris were initially supportive of Amazon coming to Long Island City and signed a letter to the company indicating support, but the process over the previous year changed their minds. The city of Stonecrest, Georgia offered to change its name to Amazon in an attempt to attract the online retail behemoth.

National Landing will have 17 million square feet of office space and 24,000 housing units within 2 miles, affordable "at average Amazon income", according to a website created for northern Virginia's pitch.

Shares in property companies expected to benefit shot up after rumours of Amazon's selections circulated this month.

Amazon said the split would help lessen congestion and cost-of-living increases that would have accompanied one bigger office and would give it more geographic diversity for recruiting.

So what about those tax benefits?

The 28-year-old bartender turned politician responded to the news that Amazon is bringing a second headquarters to NYC by claiming, without evidence, that her community is "outraged".

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Some of the funds will go to improve transport, parks and other infrastructure in the neighbourhoods. As for Amazon receiving tax breaks, the Journal only notes that the company's decision to open additional headquarters "has brought additional scrutiny to potential incentives Amazon might receive to locate in certain areas".

"You have to look at this as a long game", said Sam Bailey, vice president of economic development for the Metro Denver Economic Development Corp, which led Denver's bid for HQ2.

When Amazon first invited cities to vie for the company's new headquarters, critics labeled the competition as a marketing ploy early on.

What does the decision tell us about the United States economy?

"Crystal City had a negative connotation for 30 years", Gast said.

Similarly, Bob Swindell, president and CEO of the Greater Fort Lauderdale Alliance, said companies in NY and CT have been looking at Broward County.

"There are places in the middle of the country that are thriving, and just because Amazon didn't pick them doesn't signal that the heartland is doomed", said Joseph Parilla, a fellow at the Brookings Institution's Metropolitan Policy Program.

NY and Virginia beat out 18 others, including Los Angeles and Chicago, that were on a short list Amazon released in January. "This is about the big getting bigger, the strong getting stronger, the rich getting richer".

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