Amazon Opens Bidding to Cities for $5-Billion 'HQ2', a Second Headquarters


Amazon said on Thursday it would build a $5 billion (roughly Rs. 31,943 crores) second headquarters in North America, kicking off a competition between cities and states to offer tax cuts and incentives that could bring 50,000 new jobs.
The largest e-commerce company said it intended to create "HQ2", a headquarters that would be a "full equal" to its Seattle office, Chief Executive Jeff Bezossaid in a statement. The company wants a metropolitan area of more than a million people with an international airport, good education and mass transit.
Amazon was likely to land its second headquarters in a cheaper city than Seattle and score subsidies. The company promised up to 50,000 jobs averaging more than $100,000 in annual compensation over the next 10 to 15 years.

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