Connect with us
Amazon HQ2


Technology

Amazon to build second U.S. HQ, completely equivalent to its Seattle campus size

Amazon plan to build another headquarters named Amazon HQ2.

The e-commerce giant Amazon on Thursday, September 7, announced that it is planning to build yet another headquarters called Amazon HQ2 in a currently unknown city in the United States.

Amazon HQ2 will cost $5 billion and eventually bring around 50,000 new jobs, the American e-commerce firm said in a press release.

Amazon currently has its main headquarters spread across 33 buildings in Seattle but the company’s aggressive expansion means it is quickly running out of space in the industrial city.

“We expect HQ2 to be a full equal to our Seattle headquarters,” said Jeff Bezos, Amazon founder and CEO, in a press statement. “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 has more than 380,000 employees worldwide, with around 40,000 of those people are residing in Seattle.

The e-commerce firm said that it wants HQ2 to be in a metropolitan area with a “stable and business friendly environment” and has more than 1 million people. Amazon also wants HQ2 to be situated within 45 minutes of an international airport and in a location where there is prospective to attract strong technical talents.

“Amazon HQ2 will be Amazon’s second headquarters in North America. We expect to invest over $5 billion in construction and grow this second headquarters to include as many as 50,000 high-paying jobs – it will be a full equal to our current campus in Seattle.”

“In addition to Amazon’s direct hiring and investment, construction and ongoing operation of Amazon HQ2 is expected to create tens of thousands of additional jobs and tens of billions of dollars in additional investment in the surrounding community.”

Amazon added that the HQ2 will be am equal and complete headquarters for the company as to the Seattle headquarter. Amazon also said that it expects to hire new teams and executives at the HQ2 and that employees in “HQ1” could be given the opportunity to relocate to the second headquarter.

The company is inviting qualified city representatives and those working for regional economic development organizations to submit a proposal should they want to host Amazon’s second headquarters. Additionally, incentives offered by local and state governments will play a vital role when the company comes to reach a decision.

“Incentives offered by the state and/or province and local communities to offset initial capital outlay and ongoing operational costs will be significant factors in the decision-making process,” Amazon said.

The firm stated in the press release that it will announce the location for HQ2 in 2018. It still unclear when the project will be completed.

Edison Tongol

Edison has been a business journalist since 2007, when he joined The Cetureon news agency. There, he covers about e-commerce, major tech companies, startups and fast-growing small-medium businesses across all industries.

Comments

More in Technology

Advertisement

Top Stories

Latest Stories

To Top