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The battle for QG2 is finally over.
On Tuesday, in a blog post, Amazon named the two winners of its HQ2 project: Long Island City in Queens, NY, and the new Arlington National Landing area in Virginia.
This much awaited news follows a year of research that began with 238 proposals that were reduced to a short list of 20 sites at the beginning of the year.
Read more: Amazon officially announces that its QG2 will be shared between New York and Virginia
Amazon had initially announced its intention to invest more than $ 5 billion and create up to 50,000 well-paying jobs through its new headquarters 2. As a result, cities and states have jumped on the ground. opportunity to seduce the online commerce giant, formulating proposals for appropriate sites and even offering tax incentives to soften the deal.
The governor of New York, Andrew Cuomo, has even announced that he will change his name to become Amazon Cuomo in order to woo the society.
On Tuesday, Cuomo Mayor and New York Mayor Bill de Blasio praised Amazon's decision to choose New York.
"New York City is about to find tens of thousands of new high-paying jobs and Amazon is about to meet the most talented workforce in the world in one of the places the most diverse on the planet Welcome to Queens, # HQ2, "from Blasio wrote on Twitter.
"When I took office, I said we were going to build a New The State of New York is a fiscally responsible state that creates an attractive business climate for growing businesses and the industries of tomorrow … New York can proudly say that we have attracted one the largest and most competitive economic development investments in the history of the United States. , "Cuomo said in Amazon's blog post.
The exact terms of the agreement reached between New York and Amazon had been defined in a series of documents, signed by New York City, two organizations in the city and an Amazon representative. These documents were published online Tuesday.
Here are the biggest takeaways:
Where will the new headquarters be?
- The new headquarters will be located near the waterfront at Long Island City, between 46th Avenue and 44th Road.
- The new offices will occupy four million square feet and will expand to eight million square feet in the future.
- The offices will be located in various private and public buildings, including the office of the Ministry of Education, which will be transferred from Vernon Boulevard.
- Once the city has accepted Amazon's design proposals, construction will begin in 12 months.
- Amazon has agreed to provide space on its campus for an incubator of technology startups and for use by artists and industrial companies. He also agreed to donate a site for a new public primary or middle school.
- The company will also invest in the improvement of infrastructure and new green spaces.
How many Amazon employees will he hire?
- Amazon will be hiring 25,000 people 10 years from now. He said these employees would have an average annual salary of $ 150,000. The hiring begins with 700 people, who will join the new offices in 2019.
- If Amazon develops its headquarters in the future, about 40,000 people could be hired in total.
How much will Amazon invest in the local community?
- In total, Amazon will invest nearly $ 3.7 billion over the next 15 years.
- This includes a $ 5 million investment in funding for workforce development initiatives, including technology training programs and internships for local students.
What tax incentives will Amazon receive?
- If Amazon meets its commitments by creating 25,000 jobs, it is eligible for direct incentives of $ 1.525 billion. These are discounts on the tax paid on employee salaries and refunds for the construction of new offices.
The extras
Learn more about Amazon's HQ2:
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