Amazon picks NYC, Northern Virginia as sites for new headquarters

Bloomberg News

Bloomberg News

Web giant Amazon is set to announce its new headquarters in New York City and Northern Virginia.

Amazon's HQ2 gained attention as one of the biggest corporate projects in the United States, with the e-retailer planning to hire 50,000 workers and spend $5 billion.

All three newspapers said Amazon refused to comment on the locations, but an official announcement is expected as soon as Tuesday.

As Amazon's search dragged on, residents in numerous 20 finalist cities anxious about the effect such a massive project could have on housing and traffic, as well as what potential tax incentives could cost the community.

The new sites in NY and Northern Virginia will add to Amazon's existing headquarters in Seattle, which consists of 8.1m sq ft over 33 buildings, with 24 restaurants and 40,000 employees.

Amazon narrowed the list to 20 cities in January, and in recent weeks, smaller locations appeared to fall out of the running.

Days before the potential Amazon news emerged, the city announced a $180 million plan to address packed schools, street design and a sewage system that groans in heavy rain.

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The other cities included Atlanta, Austin, Boston, Chicago, Columbus, Ohio, Dallas, Denver, Indianapolis, Los Angeles, Miami, Montgomery County in Maryland, Nashville, Newark, New York City, Northern Virginia, Philadelphia, Pittsburgh, Raleigh, Toronto and Washington, D.C.

Cities and states promised billions of dollars of tax breaks and other inducements in exchange for Amazon's "HQ2". Two HQ2 projects would also ensure that Seattle remains Amazon's definitive headquarters.

Amazon reportedly won't be coming to Pittsburgh. The company has about 45,000 employees in the city, and the company said it needed to hire more employees than the city could attract or absorb.

The online retailer began the search across North America in September 2017, with the aim of creating a second, equal headquarters to its home base in Seattle.

Cities across the USA have spent months jockeying for a $5 billion investment. But those projects will just catch up with current needs, says Councilman Jimmy van Bramer. Landing Amazon would also cement Long Island City's transformation from a faded manufacturing zone to a vibrant, of-the-moment enclave of waterfront skyscrapers, modernized warehouses and artsy-tech ambience across the East River from midtown Manhattan.

Some 9,150 apartments and homes have been built since 2010, more than in any other New York City neighborhood, according to the city Planning Department.

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