11/13/2018

Amazon.com Inc will on Tuesday announce it has selected New York and Northern Virginia for its second headquarters, a source told Reuters, ending a more than year-long contest that has seen frenzied bidding from locales across North America.

Amazon’s plan to split its second headquarters, dubbed “HQ2”, evenly between two cities will boost its presence around New York and the nation’s capital as it seeks to gain a recruiting edge over Silicon Valley tech firms.

The source, who is familiar with the matter, told Reuters that Amazon will also announce a significant investment in one other city, in addition to revealing the two HQ2 locations.

The company had originally said, in September 2017, that it would spend more than $5 billion and add up to 50,000 workers at a single location for its second headquarters.

It has got more than 200 proposals since then from cities and states promising billions of dollars of tax breaks and other inducements in exchange for Amazon’s “HQ2”. The bidding locales also handed over infrastructure, labor and other data that could prove useful in other ways to the world’s top online retailer.

Among the finalists that Amazon was holding advanced talks with were Dallas, Long Island City in New York and Arlington near Washington, D.C., Reuters has reported, citing sources.

The New York Times reported last week that Amazon was finalizing plans to select the Long Island City, New York and the Crystal City area of Arlington, Virginia. The Wall Street Journal reported on Monday that Amazon had made the decision.

Amazon did not respond to a Reuters request for comment.

By David Shepardson - Reuters