American retailer Amazon is planning a second North American headquarters with a budget of $5bn, and is setting out its economic benefits in order to get the best possible deal from the state or province that hosts the facility.
Based somewhere in North America, Amazon claims its "HQ2" will create 50,000 high-paying jobs.
The company estimates that its investments in Seattle from 2010 through 2016 resulted in an additional $38bn to the city’s economy, based on an assumption that every dollar invested by Amazon in Seattle produced an additional $1.4 in indirect income.
In a recent deal to set up a Foxconn LCD screen factory in Wisconsin, the state authorities offered $3bn in incentives: half to offset Foxconn’s capital costs and half for workforce development. The full $3bn will be awarded over 20 years if Foxconn meets hiring targets.
Jeff Bezos, Amazon’s founder, said: "We expect HQ2 to be a full equal to our Seattle headquarters."
In choosing the location for HQ2, Amazon has expressed a preference for:Â Â Â
- Metropolitan areas with more than one million people
- A stable, business friendly environment
- Urban or suburban locations with the potential to attract and retain strong technical talentÂ Â Â Â Â Â Â
- Communities that think big and creatively when considering locations and real estate optionsÂ Â Â
Amazon say it "wants to encourage states and communities to think creatively for viable real estate options, while not negatively affecting our preferred timeline".
Amazon is opening the Amazon HQ2 Request for Proposal now; visit here (www.amazon.com/amazonHQ2) to learn more or submit a proposal.
Images courtesy of Amazon