On Thursday, September 7th, Amazon announced it’s plans to open a second headquarters in North America (Amazon HQ2). The location has yet to be determined, but they are accepting proposals from metropolitan areas that meet there requirements. Here’s what we know so far.
Amazon has every intention of making this new addition equal to their Seattle headquarters. In fact, the company specifically states that the new location would be a "complete headquarters for Amazon - not a satellite office." To provide some context of what that means in size and scope, Amazon’s main HQ currently has 33 buildings throughout Seattle, employing 40,000+ people.
The statistics shared by Amazon on their Seattle HQ are also very exciting for any perspective city. Direct benefits for the city from 2010-2016 included $3.7 billion in capital investments and $43 million paid to the city’s public transportation system, while indirect benefits included 53,000 additional jobs in the surrounding area.
What Is Amazon Looking For?
Amazon’s announcement is very exciting for cities looking to bring the tech giant to their community. The announcement begins by saying they “expect to invest over $5 billion in construction” and add “as many as 50,000 high-paying jobs.” That doesn’t even include the subsequent benefit to the surrounding community, which Amazon anticipates leading to “tens of thousands of additional jobs and tens of billions of dollars in additions investments”.
So what will it take to win a lucrative deal with Amazon? They’re looking for a metropolitan area with more than 1 million people and within 45 minutes of an international airport. It’s also an important factor that the chosen city be attractive to technical talent. And of course, any incentives that local governments can offer will be at play when Amazon goes to make their decision.
To find out more, read Amazon's release here. Amazon expects to make the announcement of HQ2’s location sometime next year.