Amazon Announced Choices for Possible Second Headquarters
The online seller Amazon has announced a list of 20 possible places where the company might build a second headquarters. Included on the list is the city of Toronto in the Canadian Province of Ontario.
Amazon expects the new headquarters, which Amazon calls “HQ2,” to employ 50,000 people. Amazon estimated that, over the next 10 to 15 years, “HQ2” will generate jobs that average over $100,000 in yearly pay.
Toronto was the only place chosen outside of the U.S. Los Angeles was the only city on the West Coast and Indianapolis was the only city in the Midwest.
Amazon's main headquarters is in Seattle, Washington.
Amazon’s announcement marks the beginning of a competition between the bidders.
“HQ2” is expected to bring in billions of dollars in both revenue and secondary investment.
Amazon’s plan for expansion shows the influence technology companies have on the economy.
Some of the competing bidders have publicly announced their plans to provide Amazon with billions of dollars in reduced taxes if they are chosen.
Amazon officials say they expect to make a decision sometime this year. The company plans to hold discussions with all 20 bidders about the project.