Cities Are Falling Over Themselves To Be The Site Of Amazon’s Next Corporate Headquarters
Amazon’s announcement that it will build a second North American headquarters has sparked a frenzy of activities among cities and states, which are vying to put forward the best bid for Amazon’s business. They’re all hoping to become the next Seattle, home to Amazon’s only North American headquarters at the moment. The company’s massive presence there has lifted wages and lowered unemployment (though it has also brought gridlocked roads and pricey housing). Amazon has said it will hire up to 50,000 highly paid employees and pour more than $5 billion in capital expenditures into its new headquarters, which could ultimately span 8 million square feet. One analyst dubbed it the “Cadillac of corporate headquarters.” Read more at Quartz.