Amazon Splitting HQ2 Among New York and North Virginia

Amazon Splitting HQ2 Among New York and North Virginia

5 years ago
Anonymous $L9wC17otzH

https://wccftech.com/amazon-splitting-hq2-among-new-york-and-north-virginia/

The year-long saga that saw Amazon Inc. (NASDAQ:AMZN) courted by various cities across North America for their second headquarters has finally concluded with the new headquarters named “HQ2” planned for New York City and Arlington, Virginia. Amazon also announced a new “Operations Center for Excellence” in Nashville, Tennessee.

Amazon is planning for more than 25,000 full-time jobs as a result of their new 4 million square foot office planned for the city, there is also room for another 4 million square feet of expansion as part of the project. The projected figures are that the average salary for the 25,000 workers will be above $150,000 a year, having an incremental tax revenue of $10 billion over the next 20 years. The estimated initial tax break for Amazon looks to be $1.5 billion spread over 10 years depending on hiring targets, construction, and occupancy of their property as outlined below.