{"id":4319,"date":"2018-11-13T14:53:46","date_gmt":"2018-11-13T14:53:46","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/amazon-names-locations-for-new-us-hqs\/"},"modified":"2018-11-13T14:53:46","modified_gmt":"2018-11-13T14:53:46","slug":"amazon-names-locations-for-new-us-hqs","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/amazon-names-locations-for-new-us-hqs\/","title":{"rendered":"Amazon names locations for new US HQs"},"content":{"rendered":"\n<div property=\"articleBody\">\n<p class=\"story-body__introduction\">Amazon plans to build major new campuses in New York City and next to the Pentagon near Washington DC.<\/p>\n<p>The decision comes 14 months after <a href=\"https:\/\/www.bbc.co.uk\/news\/business-41192159\" class=\"story-body__link\">the tech giant kicked off a continent-wide competition<\/a> by announcing a search for a &#8220;second headquarters&#8221; location.<\/p>\n<p>The contest drew 238 bids, as local officials leapt at the chance to land a potentially transformative investment.<\/p>\n<p>The two locations could create up to 50,000 jobs in the next two decades.<\/p>\n<figure class=\"media-landscape has-caption full-width\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                 <span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Reuters<\/span><\/p>\n<p>            <\/span><figcaption class=\"media-caption\"><span class=\"off-screen\">Image caption<\/span><br \/>\n                <span class=\"media-caption__text\"><br \/>\n                    The Crystal City area of Arlington, VA is close to the Pentagon and Reagan National Airport<br \/>\n                <\/span><br \/>\n            <\/figcaption><\/figure>\n<h2 class=\"story-body__crosshead\">How did it make its decision?<\/h2>\n<p>Amazon had originally said it was looking to build a single &#8220;HQ2&#8221; in a large urban area, with proximity to a major airport and access to mass transit.<\/p>\n<p>The company said at the time that the new premises would create as many as 50,000 jobs and cost at least $5bn (\u00a33.9bn) to build and operate.<\/p>\n<p>However, it later emerged that Amazon planned to split the jobs and investment between two different locations.<\/p>\n<p>The firm is expected to receive hundreds of millions of dollars worth in tax benefits and other incentives. Officials have declined to release the details of those packages.<\/p>\n<h2 class=\"story-body__crosshead\">What was the reaction?<\/h2>\n<p>Shares in property companies expected to benefit shot up.<\/p>\n<p>Others voiced worries that the influx of workers would drive up housing costs, crowd highways and otherwise strain local resources, as Amazon&#8217;s expansion has in its hometown of Seattle.<\/p>\n<p>As rumours swirled earlier in the week, New York City Council Member Jimmy Van Bramer, who represents the area slated for the new offices, said any deal had &#8220;to work for Queens, not just Amazon&#8221;.<\/p>\n<p>&#8220;We must ask how such a complex would impact the people who live in the surrounding neighbourhoods,&#8221; he said. <\/p>\n<p>&#8220;This isn&#8217;t a done deal. The local community must be heard here.&#8221;<\/p>\n<ul class=\"story-body__unordered-list\">\n<li class=\"story-body__list-item\"><a href=\"https:\/\/www.bbc.co.uk\/news\/business-45520594\" class=\"story-body__link\">The Bezos backlash: Is &#8216;big philanthropy&#8217; a charade?<\/a><\/li>\n<li class=\"story-body__list-item\"><a href=\"https:\/\/www.bbc.co.uk\/news\/business-44894420\" class=\"story-body__link\">How Jeff Bezos took Amazon to the top<\/a><\/li>\n<\/ul>\n<h2 class=\"story-body__crosshead\">What about those tax benefits?<\/h2>\n<p>The prospect of tax breaks and other benefits going to Amazon, which is generating record profits, has also been controversial.<\/p>\n<p>The firm, known for its negotiating prowess, has already won at least $1.6bn in subsidies, according to Good Jobs First, a not-for-profit organisation that tracks the perks offered by states and towns.<\/p>\n<figure class=\"media-landscape no-caption full-width\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                 <span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Reuters<\/span><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p>Analysts said Amazon&#8217;s selection of New York and Washington &#8211; thriving areas where many major US companies, including Amazon, already have a presence &#8211; shows that incentives aren&#8217;t what drive corporate decisions anyway.<\/p>\n<p>In this case, the ability to recruit highly educated workers seemed to be the top concern, said Mark Muro, a senior fellow at the Brookings Institution, a think tank in Washington.<\/p>\n<p>&#8220;It does remind that the subsidy game is often doomed, or often leads to disappointment,&#8221; he told the BBC.<\/p>\n<p>The outcome &#8220;suggests that there were only two places they could go&#8221;.<\/p>\n<h2 class=\"story-body__crosshead\">What does the decision tell us about the US economy?<\/h2>\n<p>Since the 1980s, tech companies have clustered in a handful of coastal cities in the US, helping to fuel to a growing economic gap between those areas and the rest of the country.<\/p>\n<ul class=\"story-body__unordered-list\">\n<li class=\"story-body__list-item\"><a href=\"https:\/\/www.bbc.co.uk\/news\/world-us-canada-44725026\" class=\"story-body__link\">San Francisco: Where a six-figure salary is &#8216;low income&#8217;<\/a><\/li>\n<li class=\"story-body__list-item\"><a href=\"https:\/\/www.bbc.co.uk\/news\/world-us-canada-45602535\" class=\"story-body__link\">The places America&#8217;s rich and poor call home<\/a><\/li>\n<\/ul>\n<p>While Amazon initially appeared to be casting its net wide, its final selection will reinforce those trends, said Mr Muro.<\/p>\n<p>&#8220;It&#8217;s in a way a missed opportunity for the nation to channel major new investment into new places, especially ones in the heartland,&#8221; he said.<\/p>\n<p>&#8220;The digital economy for now at least is organised around superstars,&#8221; he said. &#8220;This is about the big getting bigger, the strong getting stronger, the rich getting richer.&#8221;<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-46117293\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amazon plans to build major new campuses in New York City and next to the Pentagon near Washington DC. The decision comes 14 months after the tech giant kicked off a continent-wide competition by announcing a search for a &#8220;second headquarters&#8221; location. The contest drew 238 bids, as local officials leapt at the chance to &hellip; <\/p>\n","protected":false},"author":0,"featured_media":4320,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4319","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/4319","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=4319"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/4319\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/4320"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=4319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=4319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=4319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}