Posts tagged with "East Coast"

Amazon plans to split HQ2 in two East Coast locations

November 7, 2018

After conducting a yearlong search for a site for its second headquarters, Amazon has switched gears and is now finalizing plans to manage a total of 50,000 employees in two East Coast locations, The New York Times reported on November 5.

The e-commerce company is nearing a deal to move to the Long Island City neighborhood of Queens—a location just across the East River from Manhattan— according to two sources briefed on the discussions, the Times said.

In addition, Amazon is also close to sealing a deal to move to Crystal City, an urban neighborhood in the southeastern corner of Arlington County, Virginia, south of downtown Washington, D.C; one of the sources said.

Amazon already has more employees in those two areas than anywhere else outside of Seattle, its home base, and the Bay Area.

Amazon executives met two weeks ago with New York Governor Andrew M. Cuomo (D), said one of the people briefed on the process, adding that the state had offered potentially hundreds of millions of dollars in subsidies. Executives met separately with New York City Mayor Bill de Blasio (D), a person briefed on that discussion said.

“I am doing everything I can,” Cuomo told the press corps, including the Times, when asked on November 5 about the state’s efforts to lure the company. “We have a great incentive package,” he said.

“I’ll change my name to Amazon Cuomo if that’s what it takes,” Cuomo said. “Because it would be a great economic boost.”

According to the Times, the need to hire tens of thousands of high-tech workers has been the driving force behind the search, leading many to expect it to land in a major East Coast metropolitan area. Many experts have pointed to Crystal City as a front-runner, because of its strong public transit, educated work force and proximity to Washington.

JBG Smith, a developer who owns much of the land in Crystal City, declined to comment, as did Arlington County officials.

Amazon declined to comment on whether it had made any final decisions. The Wall Street Journal earlier reported Amazon’s decision to pick two new locations instead of one.

Amazon announced plans for a second headquarters in September 2017, saying that the company was growing faster than it could hire in its hometown Seattle. The company said it would invest more than $5 billion over almost two decades in a second headquarters, hiring as many as 50,000 full-time employees that would earn more than $100,000 a year on average.

HQ2 would be “full equal to our current campus in Seattle,” the company said. If Amazon goes ahead with two new sites, it is unclear whether the company would refer to both of the locations as headquarters or if they would amount to large satellite offices.

Research contact: @KYWeise