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m3n4.net December 13, 2018


No, Amazon Didn't Just Rename a City 'National Landing.' Here's the Deal

14 November 2018, 02:05 | Vera Richards

WSJ: Amazon chooses New York City and Northern Virginia as HQ2 sites

Amazon picks NYC and Northern Virginia for its split

Two HQ2 projects would also ensure that Seattle remains Amazon's definitive headquarters.

"Amazon is a billion-dollar company".

He said the area's three economic development leaders are planning to come together again, just as they did for the Amazon HQ2 bid, to pitch Amazon on a Latin American operation in South Florida.

Virginia Tech said the campus will be on U.S. Route 1 at National Landing in Alexandria near Potomac Yard, about two miles away from Amazon's new location in Arlington. Investing in luxury condos is not the same thing as investing in people and families. Among them: just how Amazon's move to the neighborhood will effect the cost of living and strain already struggling infrastructure.

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The North Carolina Commerce Department, which is in charge of the state incentive package, said Tuesday it would have more information at a later date as it assesses Amazon's announcement. The congresswoman who represents Long Island City, Rep. Carolyn Maloney, has not commented on the plan since it was confirmed, and her office did not immediately comment to CBS News. The company is expected to set up shop at a cluster of privately- and publicly-owned properties on the East River, including an industrial site owned by plastics company Plaxall Inc. at 44-68 Fifth Street and a 672,000-square-foot building owned by the city at 44-36 Vernon Boulevard in Long Island City.

Each city offered tax incentives to the e-commerce giant, including in NY where the company said it will receive performance-based direct incentives of $1.525 billion - meaning it won't receive money if it doesn't follow through on its promises.

"We've delivered on those promises and more, and today, with Amazon committing to expand its headquarters in Long Island City, New York can proudly say that we have attracted one of the largest, most competitive economic development investments in USA history".

NY state's incentives are almost triple those of Virginia's, while Tennessee's are $102 million.

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There are also real benefits for companies in locating their headquarters in big cities.

Though South Florida was not Amazon's choice for its HQ2, the tricounty area may still reap benefits from having been part of the selection process and making it to the finalist stage, according to site consultants and economic development experts. Van Bramer said in a statement at the time that the headquarters "would be an ideal fit for Long Island City and for the entire borough of Queens".

"We are excited to build new headquarters in New York City and Northern Virginia", Jeff Bezos, founder and CEO of Amazon, said in a statement. The announcement and investment strategy made no mention of Amazon.

"Massachusetts is the proud home of almost 4,000 Amazon jobs located in numerous facilities across the Commonwealth, including the headquarters for Amazon Robotics in North Reading and the creation of an additional 2,000 Amazon jobs in Boston's Seaport district by 2021", the state economic development office said in a statement.

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