New York City Could Be the Second Headquarters for Amazon
New York City might be the next home for Amazon. The e-tailer is looking to expand and open its second headquarters in the United States. NYC has responded to Amazon's appeal, the city wants Amazon to create its HQ in NYC.
- Amazon has opened proposal requests from cities.
- New York City has responded to Amazon's request and asked the local organization to submit ideas on how the potential Amazon HQ should look like.
- The e-tailer plans to invest $5 billion in creating the HQ2 and create 50,000 job opportunities.
The city is asking citizens, businesses and community organizations to submit ideas about how the potential Amazon HQ should look like. Amazon is likely to invest $5 billion in the opening and operating the new headquarters. The New York City is taking the interest in helping Amazon so that it will open new employment opportunities in the city.
Amazon last week made an announcement about the second headquarters called HQ2. Amazon also made it clear that it wants to create the HQ2 somewhere in North America. The company will create 50,000 jobs with the new HQ. Amazon has opened proposal requests for cities that would be interested in hosting Amazon.
The e-commerce giant is looking to expand and create the HQ2 where it will get the best tax credits/exemptions, relocating grants, utility incentives, workforce grants, permitting, and fee reductions. The initial cost and ongoing cost of operations are the critical decision drivers for the company. The move for proposal request is a new trend among big tech companies. Recently Tesla asked local authorities for incentives before settling on Nevada for business operations. The automobile tech company ended up getting tax benefits worth nearly $1.3 billion that will last over next 20 years.
While New York City is far from being the next Silicon Valley, the city has its own charm for tech startups. NYC has hosted a great number of tech