On Thursday, Amazon.com, Inc. (NASDAQ: AMZN) announced that they are searching for a city in North America to open their second headquarters almost as equal to their original headquarters in Seattle, Washington to expand their corporate presence. This new site will be similar and bigger than their Seattle location where it employs 40,000 people as of today, covering 8.1 million square feet with 33 buildings including 24 restaurants. The second location named HQ2, is expected to employ 50,000 people and will receive $5 billion in investment.
Amazon is looking for a city that must have a population of more than 1 million people that will be a stable and business friendly environment, such as urban and suburban locations that will have the potential to attract and maintain strong technical talent.
The company’s first step is opening the Request for Proposal stage which will invite local and governments to get in touch. Any city that wins a bid is able to receive many benefits. Amazon estimates that between 2010 and 2016, their expansions in their first headquarters has brought $38 billion to the city’s economy and for each $1 that Amazon invested, Seattle generated $1.40.