Amazon's Second Headquarters
As amazon searches for a new home for their second headquarters, many cities are doing big things to catch their eye. Tucson sent a 21-foot cactus, Birmingham has had three massive amazon boxes placed around the city, Stonecrest has stated that they would de-annex 345 acres to call the "City of Amazon," and there has been much more, too.
The facility itself is said to cost at least five billion dollars to construct and operate, bringing in lots of money for different businesses. With a facility of that magnitude, it is believed that it will bring in at least 50,000 jobs, which is why one amazon's preferences was a population of at least one million people. Clearly two of the main advantages of having their headquarters in your city is jobs and growth. People get jobs, they get paid and they spend more locally which will have a huge impact on local businesses. In another article, Amazon estimated they had an indirect impact of $38 billion on Seattle. However, there are some downsides to a facility this large. One being that with the amount of jobs it will create, it'll most likely take people from their previous jobs. Another being affordability. People looking to become employed by amazon will need places to live which means new, affordable housing development so that they don't price out lower and working class families.
I see that there are many disadvantages to having a second amazon headquarters, but the advantages out-weigh them. I'm sure that cities are considering the disadvantages and are realizing if it will hurt them or help them in the long run.
I never would have thought the establishment of a corporate headquarters would create so much buzz to the point where cities begin to make large bid-like gestures to call their city, Amazon's second home. The job creation and economic boost this build would bring is unrivaled and obviously advantageous. Ill be curious to see the chosen spot.
ReplyDeleteI agree the advantages heavily outweigh the disadvantages. Amazon stating they have a 38 billion dollar affect on Seattle has these cities doing whatever they can think of. The "City of Amazon" idea sounds far fetched but I could see something along the lines of that happening. I feel like in a situation like that tourists will be attracted to see the new massive HQ generating even more economic activity for the area. I will be following Amazons decision and am interested to track the economic effects of it.
ReplyDeleteThe fact that Amazon is playing the cities trying to get as much as they can out of each city by choosing to locate their second headquarters there is brilliant by them. The amount of Jobs and economic growth that Amazon will bring to the region where it locates itself will be massive.
ReplyDeleteAmazon has grown substantially over the years. I personally think it is the most convenient way to order anything online. The company will continue to grow for many more years, due to their large selection of inventory and their customer loyalty. There might be many upfront costs for the second headquarters they are building, but in the long run I'm sure it will pay off.
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