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Is Amazon HQ2 A Bad Gamble For Cities?
Posted
October 25, 2018
Views
268,329
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3,183
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400
Engagement
1.34%
October 25, 2018
268,329
3,183
400
1.34%
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7:12Now PlayingAmazon's search for HQ2 has created a bidding war between cities and states worth millions or even billions. These types of tax incentives have a long history in the United States, but experts question their efficacy.
As of Q3 2018 appears to be inching toward a decision on the location of its second headquarters. Over the past couple of months, executives have revisited a handful of cities on its shortlist, including Newark, NJ, New York City and Chicago, according to the Wall Street Journal.
Economic development experts anticipate that wherever Amazon decides to bring its HQ2 will also bring along new business, skilled workers and higher real estate prices. Amazon has already narrowed its list twice and is expected to deliver its decision by the end of the year.
Some locations, like Miami and Washington D.C.-area cities, have reportedly heard follow-ups from Amazon in recent months, while cities like Raleigh, N.C. have not, the Journal reported.
The shortlist of 20 places still in the running are:
Atlanta
Austin, Texas
Boston
Chicago
Columbus, Ohio
Dallas
Denver
Indianapolis
Los Angeles
Miami
Montgomery County, Md.
Nashville, Tenn.
Newark, N.J.
New York City
Northern Virginia
Philadelphia
Pittsburgh
Raleigh, N.C.
Toronto
Washington, D.C.
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Is An Amazon HQ2 Bid Bad For Cities? | CNBC
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