This is where Amazon will build its two new headquarters


Amazon has identified two new sites for its new $5bn headquarters

Its New York location will be in a neighborhood of Queens that sits directly across from midtown Manhattan, while its Virginia offices will be in a part of Arlington that local politicians and Amazon are calling National Landing, a made-up area around Reagan National Airport that encompasses Crystal City and Potomac Yard.

Amazon's HQ2 gained attention as one of the biggest corporate projects in the USA, with the e-retailer planning to hire 50,000 workers and spend $5 billion.

"Amazon is a billion-dollar company". "For a high-cost market like Long Island City, incentives are a necessarily evil".

For its headquarters, the company didn't go with the richest offer.

Amazon already has more than 8,500 employees in Virginia and more than 2,000 in the D.C. metro region.

New York Governor Andrew M. Cuomo did a victory lap, issuing a statement touting the state's success in luring Amazon.

Already, a NY state legislator has signaled he plans to introduce a bill to block the deal by phasing out the economic incentive statutes upon which the agreement is based.

"There is a much better way of allocating our taxpayer's money that will directly help the communities", said New York State Assemblyman Ron Kim, who represents parts of Queens.

Amazon stands to receive more than $2 billion in tax incentives across the locations. Large government contractors have offices and lobbying operations there. That includes a cash grant of $23 million over 15 years based on the incremental growth of existing tax on hotel rooms.

The agreement with Arlington County also pledges assistance in securing the necessary approval for a helipad on Amazon's new campus.

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Virginia pledged a few other goodies, such as a commitment to "regulatory flexibility" in order to allow new technologies to operate in the area, as well as confidentiality for "all materials, communications, data, and information related to this Memorandum".

When Amazon set off this high-profile competition in September 2017, it released an eight-page request for proposals that described the project, its priorities and its impact on Amazon's hometown of Seattle.

Amazon says one of the key factors in its search for the new headquarters was the ability to attract talent.

"The cost of living jump is going to be a huge detriment for those not working for Amazon". Before the announcement, New York City council member Jimmy Van Bramer and state Sen.

After a lengthy selection process that preoccupied several major cities across the U.S., Amazon publicly revealed the two locations of its second headquarters.

"We are excited to build new headquarters in New York City and Northern Virginia", Bezos said.

Founder and chief executive Jeff Bezos said of the new headquarters: "These two locations will allow us to attract world-class talent that will help us to continue inventing for customers for years to come".

"It's exciting because it will bring more people to fill all those highrises they are building", she said while walking her dog. "So I don't have an idea about how they put together their transaction".

What did NY have to offer? Finally, Amazon can also apply for New York City's Relocation and Employment Assistance Program (REAP), which could provide them with a $3000 credit for each employee who needs to relocate to work there.

"The state is still operating in the mindset of a New York City from 1980, where we're an economic basket case and we've lost our economic prestige and jobs", said James Parrott, director of the Economic and Fiscal Center at the New School.

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