Amazon Opens Search for Amazon HQ2 – A Second Headquarters City in North America

SEATTLE–()–(NASDAQ: AMZN)—Amazon immediately introduced plans to open Amazon HQ2, a second firm headquarters in North America. Amazon expects to speculate over $5 billion in development and develop this second headquarters to incorporate as many as 50,000 high-paying jobs. In addition to Amazon’s direct hiring and funding, development and ongoing operation of Amazon HQ2 is predicted to create tens of hundreds of further jobs and tens of billions of in further funding in the encompassing group. Amazon is opening the Amazon HQ2 Request for Proposal (“RFP”) now, and native and state authorities leaders in studying extra about how they will convey Amazon to their group can go to www.amazon.com/amazonHQ2.

Amazon estimates its investments in Seattle from 2010 by way of 2016 resulted in an extra $38 billion to town’s economic system – each greenback invested by Amazon in Seattle generated an extra 1.four for town’s economic system total.

Details of Amazon’s Seattle headquarters:

     
    Amazon Seattle HQ
Direct1   Number of buildings   33
Square ft   eight.1 million
Local retail inside Amazon headquarters   24 eating places/cafes + eight different companies

Amazon staff

  40,000+
Capital funding (buildings & infrastructure)   $three.7 billion
Operational expenditures (utilities & upkeep)   $1.four billion
Compensation to staff   $25.7 billion
Number of annual lodge nights by visiting Amazonians and company   233,000 (2016)
  Amount paid into town’s public transportation system as staff’ transportation profit   $43 million
Indirect2 Additional jobs created in town on account of Amazon’s direct investments   53,000
Additional investments in the native economic system on account of Amazon’s direct investments   $38 billion
  Increase in private revenue by non-Amazon staff on account of Amazon’s direct investments   $17 billion
Other   Increase in Fortune 500 corporations with engineering/R&D facilities in Seattle   From 7 in 2010 to 31 in 2017
 

1From 2010 (when Amazon moved its headquarters to downtown Seattle) to June 2017.

2From 2010-2016. Calculated utilizing Input-Output methodology and multipliers developed by the U.S. Bureau of Economic Analysis.

 

With greater than 380,000 staff worldwide, Amazon ranks #1 on Fast Company’s Most Innovative Companies, #2 on Fortune’s World’s Most Admired Companies, #1 on The Harris Poll’s Corporate Reputation survey, and #2 on LinkedIn’s U.S. most fascinating corporations record. Amazon was additionally just lately included in the Military Times’ Best for Vets record of corporations dedicated to offering alternatives for army veterans.

“We expect HQ2 to be a full equal to our Seattle headquarters,” mentioned Jeff Bezos, Amazon founder and CEO. “Amazon HQ2 will bring billions of dollars in up-front and ongoing investments, and tens of thousands of high-paying jobs. We’re excited to find a second home.”

In selecting the placement for HQ2, Amazon has a choice for:

  • Metropolitan areas with a couple of million individuals
  • A steady and business-friendly surroundings
  • Urban or suburban places with the potential to draw and retain robust technical expertise
  • Communities that assume large and creatively when contemplating places and actual property choices

HQ2 may very well be, however doesn’t should be:

  • An city or downtown campus
  • A comparable format to Amazon’s Seattle campus
  • A development-prepped web site. We wish to encourage states and communities to assume creatively for viable actual property choices, whereas not negatively affecting our most popular timeline.

Amazon HQ2 will probably be a whole headquarters for Amazon – not a satellite tv for pc workplace. Amazon expects to rent new groups and executives in HQ2, and also will let present senior leaders throughout the corporate resolve whether or not to find their groups in HQ1, HQ2 or each. The firm expects that staff who’re at the moment working in HQ1 can select to proceed working there, or they might have a chance to maneuver in the event that they would favor to be positioned in HQ2.

To study extra about Amazon’s present Seattle headquarters, plans for Amazon HQ2, and to submit a proposal, go to www.amazon.com/amazonHQ2.

About Amazon

Amazon is guided by 4 rules: buyer obsession somewhat than competitor focus, ardour for invention, dedication to operational excellence, and long-term pondering. Customer critiques, 1-Click purchasing, customized suggestions, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are among the services pioneered by Amazon. For extra info, go to www.amazon.com/about and comply with @AmazonInformation.

Forward-Looking Statements

This press launch incorporates forward-looking statements which are inherently troublesome to foretell. Actual outcomes might differ materially for quite a lot of causes, together with, in addition to the components mentioned above, the quantity that Amazon.com invests in new enterprise alternatives and the timing of these investments, the combo of services offered to prospects, the combo of web gross sales derived from merchandise as in contrast with companies, the extent to which we owe revenue taxes, competitors, administration of development, potential fluctuations in working outcomes, worldwide development and growth, the outcomes of authorized proceedings and claims, success, sortation, supply, and information heart optimization, dangers of stock administration, seasonality, the diploma to which the Company enters into, maintains, and develops industrial agreements, acquisitions and strategic transactions, funds dangers, and dangers of success throughput and productiveness. Other dangers and uncertainties embrace, amongst others, dangers associated to new merchandise, companies, and applied sciences, system interruptions, authorities regulation and taxation, and fraud. In addition, the present world financial local weather amplifies many of those dangers. More details about components that probably might have an effect on Amazon.com’s monetary outcomes is included in Amazon.com’s filings with the Securities and Exchange Commission (“SEC”), together with its most up-to-date Annual Report on Form 10-Okay and subsequent filings.