Amazon to set up ‘HQ2’ at New York, Washington, DC

Amazon will build new offices in

New York City

and Arlington,

Virginia

, ending months of jockeying between potential locations across the country vying for a $5 billion investment that promises 50,000 high-paying jobs over almost two decades.


Amazon also said it will create more than 5,000 jobs in Nashville,

Tennessee

, at a new operations center that’s responsible for fulfillment, transportation, supply chain and other activities. The anti-climactic ending to a more than year’s-long search-—multiple office projects rather than a single second headquarters—shows Amazon thinks it’s better to tap multiple labor markets for future growth rather than try to house everyone in one city. The sites in

Long Island City

, Queens, and in Arlington, will be a boon for the New York and Washington DC metro areas and highlights Amazon’s willingness to target big talent pools with pricey payroll over smaller markets offering lower costs of living.

It’s a disappointment for the 18 other cities, including

Toronto

and

Chicago

, many of which offered billions of dollars in tax breaks to lure the world’s largest internet retailer.

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