Its New York location will be in the Long Island City neighborhood of Queens, while its Virginia offices will be in a part of Arlington that Amazon is calling National Landing, a made-up moniker for an area around Reagan National Airport that encompasses Crystal City and Potomac Yard.
Amazon said it in a blog post it will receive incentives of about $1.5 billion based on job creation in Long Island City, and incentives of $573 million for Arlington. From Atlanta to Denver to Birmingham, Ala., local officials hoped a major presence from one of the world's most valuable companies would be a panacea for economic development. Amazon later split HQ2 up between NY and Virginia.
Amazon said it plans to take up to 4 million square feet of office space, and could grow into as much as 8 million square feet.
Amazon said it plans on investing $5 billion Dollars (roughly $6.62 billion CAD) and hopes to create approximately 50,000 jobs divided between the two locations.
Amazon is set to receive up to $1.2 billion Dollars (roughly $1.59 billion CAD) in tax credits through New York State's "Excelsior" program, as well as an additional $325 million Dollars (roughly $430.55 million CAD) as a cash grant from the "Empire State Development" fund.
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Toronto may not have won the right to host Amazon's next corporate headquarters, but Mayor John Tory says taking part in the competition nonetheless represented a victory.
The company has said it helped boost Seattle's economy indirectly by US$38 billion between 2010 and 2016.
Amazon's search for a second headquarters captured the attention of almost every economic development agency in the country, with more than 200 submitting bids to land what had originally been described as 50,000 jobs and billions in investment.
Amazon officially announced Northern Virginia as a victor for one of its HQ2 locations, along with New York City Tuesday as well. Lena Afridi of the non-profit affordable housing organization Association for Neighborhood and Housing Development noticed that public money will go towards building a helipad for Amazon.
Amazon has so far not commented on the claims in the Wall Street Journal. University of California, Berkeley economist Enrico Moretti estimates one high-tech job creates five more jobs in the service industry. It's not clear how Amazon will split its estimated $5 billion in spending to build a campus comparable to its original Seattle home base.
Earlier this year, Amazon said it had selected 20 cities as finalists, including Boston.