Amazon has announced plans to open a second company headquarters called HQ2 somewhere in **North America, equivalent to its massive base in Seattle. Amazon says it will invest around $5 billion in the construction and operation of the new headquarters. It’s planning to grow it to provide 50,000 jobs, and has opened up proposal requests for cities interested in hosting the company. Amazon says it has preferences for a city that has more than 1 million people, a stable and business-friendly environment, and locations that can attract and retain technical talent.
Under a “decision drivers” part, Amazon asks cities to identify incentive programs available for HQ2 including tax credits/exemptions, relocation grants, workforce grants, utility incentives, permitting, and fee reductions. Amazon notes that “the initial cost and ongoing cost of doing business are critical decision drivers.”
The move for proposal requests follows other big-name tech companies shopping around for sites to place its buildings and factories. Notably, Tesla asked local governments for millions in incentives before settling on Nevada for its tax benefits which could total nearly $1.3 billion over the next 20 years. Meanwhile, Wisconsin lured Apple supplier Foxconn to open a production factory there by offering up to $3 billion in tax breaks over 15 years.
** It should be noted that North America is made up of 23 countries including Bermuda, Canada, Mexico, and Greenland… not just the US.