After a year-long hunt, Amazon has officially announced its plans to split its much- anticipated HQ2 headquarters between two cities.
With 238 proposals from 54 states, provinces, and districts across North America, the search for a Amazon’s second home is finally over. The popular online retail company has officially chosen the Long Island City in Queens, New York and Crystal City in Arlington, Virginia.
“We’re really excited about the opportunity it presents and we’ve worked really hard at this,” said Mark Schwartz, Arlington County manager.
When the search for a new home kicked off in September 2017, Amazon promised to invest $5 billion in the headquarters. We now know that the company will invest $2.5 billion in Virginia creating more than 25,000 high-paying jobs over 12 years.
“Technology jobs including software development engineering, artificial intelligence and machine learning,” said Va. Governor Ralph Northam.
Northam says Virginia’s proposal to Amazon includes investments in infrastructure that will improve mobility in which the commonwealth plans to invest $295 million of non-general fund money in transportation projects. The proposal also includes an incentive based performance offering to be made only after the company produces new qualifying jobs.
“This incentive offering includes up to $550 million if Amazon creates 25,000 jobs and up to $200 million in additional incentives if it creates a total of 37,850 jobs,” Northam added.