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The Real Deal Los Angeles

LA makes shortlist for Amazon HQ2

Tech giant says it will invest $5B+ in new campus
January 18, 2018 08:15AM

Downtown LA and Jeff Bezos (Credit: Getty Images)

A surprise package arrived Thursday morning.

Amazon announced its shortlist of 20 proposals for its $5 billion second headquarters, with New York, Miami and Los Angeles all making the cut.

Los Angeles was one of at least a half-dozen Southern California cities to submit bids to Amazon.

Others included San Diego, Irvine, and Santa Ana. California, however, may not be able to offer the massive incentives, including tax breaks, that Amazon is looking to benefit from.

There were 238 proposals from around the U.S., Canada, and Mexico for HQ2, although all 20 finalists are American, except for Toronto, Ontario.

The 20 include other urban hubs around country, though most of them are located on the East Coast. They include Boston, Atlanta, Austin, and Chicago. Some less well-known locales also made the list, including Montgomery County, Maryland—a suburb of Washington, D.C.

Amazon plans to grow HQ2 “to be a full equal” to its existing headquarters in Seattle, Washington, and expects to create 50,000 jobs there.

(Click to enlarge, Credit: Amazon)

The e-commerce giant is looking for an area with low cost of living, an educated workforce, high incentives, at least one million people, and access to an international airport. Amazon announced the bids October followings its submission deadline.

Civic leaders, elected officials, developers, and seemingly everyone in between threw out ideas for Amazon’s massive headquarters in the run up to the deadline. There were three proposals from the Miami area alone.

Now that the finalists have been announced, Amazon will work with the selected cities more closely, according to the New York Times. A winner is expected to be announced later in the year.  — Dennis Lynch