Amazon offers cities a Prime opportunity
Amazon is accelerating its already frenetic pace of expansion by announcing that it is searching for a location in North America to house its second headquarters.
Amazon says it expects to invest over $5 billion in construction and grow this second headquarters to include as many as 50,000 jobs.
The retailer, which is now based in Seattle, listed a series of requirements for the new location, including a metropolitan area that has a population greater than 1 million, “a stable and business-friendly environment,” and a location that was able to attract and retain workers. The company is calling the development HQ2.
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.”
Amazon says HQ2 will be a complete headquarters for Amazon – not a satellite office. Amazon expects to hire new teams and executives in HQ2, and will also let existing senior leaders across the company decide whether to locate their teams in HQ1, HQ2 or both. The company expects that employees who are currently working in HQ1 can choose to continue working there, or they could have an opportunity to move if they would prefer to be located in HQ2.
To learn more about Amazon’s plans, visit www.amazon.com/amazonHQ2.