By The Washington Post | November 12, 2018 at 8:32 pm By Jonathan O’Connell, Robert McCartney and Patricia Sullivan Amazon will open major new outposts in northern Virginia’s Crystal City and in New York City, splitting its much-sought investment of up to 50,000 jobs between the two East Coast sites, according to people close to the decision-making process. An announcement could come early as Tuesday, according to the people, who spoke on the condition of anonymity because they had signed nondisclosure agreements with the company. An Amazon spokesman declined to comment. The company has said it would make a decision on the high-profile project, which it calls HQ2, this year. The choice of Crystal City in Arlington County as one of the winners could cement northern Virginia’s reputation as a magnet for business and potentially reshape the Washington, D.C., region into an East Coast outpost of Silicon Valley over the next decade. The decision also would hand … [Read more...] about Amazon picks new HQ: Split between Virginia suburb and New York
Technology Amazon will divide its much-anticipated new headquarters between Crystal City in Northern Virginia and Long Island City in Queens, New York, a source with knowledge of the plan confirmed to POLITICO. The move follows a search that spanned more than a year and prompted local governments across North America to scramble to offer tax breaks and other incentives to win the company's favor. Story Continued Below Amazon's split decision means the selected locations can expect to share as many as 50,000 jobs and roughly $5 billion in investment. The news was first reported by The Wall Street Journal. … [Read more...] about Amazon picks Northern Virginia, New York City to split new HQ
It appears that Amazon couldn't settle on a single site for its second corporate headquarters and has decided to divide the duties between a second and third headquarters.The online retailing giant is expected to announce Tuesday it's chosen New York City and northern Virginia for its planned second headquarters -- dubbed HQ2, The Wall Street Journal reported Monday night, citing people familiar with the matter.Amazon's HQ2 gained attention as one of the biggest corporate projects in the US, with the e-retailer planning to hire 50,000 workers and spend $5 billion. The company fueled excitement about its plans by inviting cities to pitch themselves as sites for the development. Amazon representatives didn't immediately respond to a request for comment.Developing … [Read more...] about Amazon reportedly picks New York, northern Virginia for HQ2
Sections SEARCH Skip to content Skip to site index Art & Design Subscribe Log In Log In Today’s Paper Art & Design | Amazon’s HQ2 Will Benefit From New York City. But What Does New York Get? Supported by ByMichael Kimmelman Nov. 12, 2018 The innovation myth used to involve the back of a suburban garage or an office park in Silicon Valley. The tech industry was incubated not on the mean streets of the big city, but in sleepy hamlets like Murray Hill, N.J., and Mountain View, Calif. So with reports of Amazon’s plan to split HQ2, its second headquarters, between Crystal City, a part of Arlington, Va., just outside Washington, and Long Island City, in Queens, what are we to make of tech’s steady migration to marquee cities? Amazon is hardly alone, after all. Google and Facebook already have headquarters here (established, not incidentally, without state subsidies). Google intends to … [Read more...] about Amazon’s HQ2 Will Benefit From New York City. But What Does New York Get?
Breaking News Emails Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings. SUBSCRIBE Nov. 9, 2018 / 8:47 PM GMT By Alyssa Newcomb While San Francisco has long been a stronghold for tech talent and entrepreneurship, technology companies are increasingly seeing the strategic importance of putting down roots thousands of miles away. Conversely, big banks are increasingly shifting resources, and in some cases, their headquarters, outside of New York City, creating a game of musical chairs for industries that had long been intricately tied to either the East or West Coast. Amazon is reportedly zeroing in on New York City as one of two sites for its second headquarters. That will likely put “fuel in the engine” for companies looking to set up shop in the New York area, according to Daniel Ives, managing director of equity research at Wedbush Securities. “When you have stalwarts like Google [which already … [Read more...] about As banks look outside of New York, tech is moving in