Finance

Amazon HQ 2 Winners Announced.

After conducting a yearlong search for a second headquaters, Amazon has switched gears and is now finalizing plans to have a total of 50,000 employees in two locations, according to the Wall Street Journal.

Amazon is nearing a deal to move to the Long Island City neighborhood of Queens, according to two of the people briefed on the discussions. It is also close to a deal to move to the Crystal City area of Va., a Washington suburb, one of the people said. Amazon already has more employees in those two areas than anywhere else outside of Seattle, and the Bay Area.

By promising 50k jobs, $5B in direct construction investment, and a $6B+ economic boost for its new home, Amazon inspired 238 cities in the US, Mexico, and Canada to submit HQ2 proposals.


Now Amazon gets two Christmases via tax deals.
Both locations offer Amazon plentiful, subsidized office space, plus access to cocktail bars, and other cool city stuff that would be Amazon employees probably appreciate.

More importantly, it taps into two of the biggest pools of tech talent, easing hiring troubles in the currently tight labor market.

Which is troubling news for budding startups that are not on the coast. If a $1 Trillion Dollar company can’t attract enough techies outside of tech major cities, imagine how hard it is for everyone else.