Amazon Begins Quest For Second North American Headquarters

08 September, 2017, 00:44 | Author: Ora Austin
  • Amazon plans to spend $5B on second HQ campus

As Amazon opens a Request for Proposal, local and state government leaders are encouraged to submit a proposal to host the headquarters. Amazon will stay put in its sprawling Seattle headquarters, and the new space will be "a full equal" with as many as 50,000 jobs, said founder and CEO Jeff Bezos.

There are 24 restaurants and cafes within Amazon's Seattle campus alone, where more than 20,000 people are employed.

Amazon was founded in Seattle in 1994, and is still headquartered in the Emerald City. And Amazon's arrival could transform an area: Until 10 years ago, the neighborhood near Seattle's campus just north of downtown was dotted with auto parts stores and low-rent apartments. It is debatable - and people love to debate - whether Minnesota has Amazon's other two must-haves: "a stable and business-friendly environment" and "communities that think big and creatively when considering locations and real estate options".

In addition to its geographic requirements, Amazon wants its second home to have a robust technology workforce and university system that will produce a steady stream of highly skilled workers, according to the RFP.

Wall Street analyst MKM Partners predicts the company's value will more than triple in the next 7 to 8 years, reaching $1.6 trillion, according to a separate CNBC report.

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Not to be outdone, suburban Baltimore County also made clear it intends to try and land the deal to be home to the new Amazon headquarters.

So, expect to see many big cities across North America begin vying for Amazon's commitment.

Earlier this summer, Amazon unveiled a new headquarters in London in the heart of the financial district, a counterpoint to much of the doom and gloom many have felt over the United Kingdom leaving Europe.

Bids are due October 19 and the company said it expects to choose a site sometime next year.

Pittsburgh plans to compete for the new site of AmazonHQ2, a second headquarters location announced by the Seattle-based company early Thursday. Rosslyn recently scored Nestle's US headquarters and Ballston has been active in trying to attract tech companies and fill soon-to-be-vacated office space.

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