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On September 2017, Amazon announced it wants a second home outside Seattle. The news have resulted in a fierce bidding war to lure Amazon — and the thousands of high-paying jobs — using a combination of tax breaks and other incentives.
Amazon’s current headquarters is are located in downtown Seattle, Washington. Amazon has been a catalyst for development in downtown Seattle and for the redevelopment of the South Lake Union Innovation Districtin Seattle. In 2017, Amazon was awarded the “City Maker” award by the Downtown Seattle Association. The company estimates its investments in Seattle from 2010 through 2016 resulted in an additional $38 billion to the city’s economy – every dollar invested by Amazon in Seattle generated an additional $1.4 for the city’s economy overall. More information at: www.amazon.com/amazonHQ2.
The second headquarters are expected to generate as many as fifty thousand (50,000) new full-time employees with an average annual total compensation exceeding one hundred thousand dollars ($100,000) over the next ten to fifteen years, following commencement of operations. The Project is expected to have over $5 billion in in capital expendituresinvestment over the initial 15-17 years of the Project.
We intend to provide information about Amazon's requests and any updates on the decision-making process.
