Amazon may split new headquarters between two cities
- Author: Eleanor Harrison Nov 07, 2018,
Nov 07, 2018, 4:42
As the Times reported, there have been 41 new apartment buildings built in Long Island City since 2010, and a year ago, more new apartments were built in Long Island City than in any other neighborhood in New York City. Instead, sources tell the Wall Street Journal, the company has chose to split the new headquarters across two cities, with roughly 25,000 workers in each "co-headquarter".
The choice of splitting the deal for so-called HQ2 was in part prompted by concerns that a single location may not be able to draw the needed 50,000 highly educated technical employees, said one person. Bezos owns the Washington Post and a home in the prominent Kalorama neighborhood. Amazon already has more employees in those two areas than anywhere else outside Seattle, its home base, and the Bay Area. An Amazon spokesman declined to comment.
Amazon initially chose 20 possible cities for next headquarters and said it plans to make $5 billion in capital investments alone in the city it chooses.
The Times reports that Gov. Andrew Cuomo met with Amazon executives in Manhattan last month to hammer out some details for the company's prospective move to Queens, which will likely include massive economic incentives.
"The reason they're looking for a second headquarters is because they weren't able to keep up with the capacity that local talent was able to offer at the time", Vavra said of Amazon's main Seattle location.
The plane has not been to 11 of the 20 finalist cities at all, the Post report said.
Tampa Bay was among the myriad of communities across the country that vied for attention from Amazon early in what's known as its HQ2 search. New York City's Long Island City site and Arlington's Crystal City site are reportedly the "winners". On Sunday, the Journal said not only Crystal City but also Dallas and New York City were in late-stage discussions with the company.
"You immerse yourself in that data, but then you make that decision with your heart", he said.
Now, a lot of this is clearly overblown: Building new schools is a standard government duty; the No. 7 extension has much broader benefits, and its cost is to be covered by the taxes created by the area's development.
The newspapers cited unnamed people familiar with the matter in their reports.
The company's current market value is about $800 billion and analysts estimate Amazon will generate more than $230 billion in sales this year, according to FactSet.