The company announced the decision on Tuesday morning following weeks of speculation
BYCARL FRANZEN Editor In Chief
Following a year-plus long public search, Amazon has officially announced the location — or rather, locations — of its second headquarters. True to the reports and rumors of recent weeks, Amazon will be splitting its HQ2 between two locales: Long Island City, in Queens, New York, and an under-development neighborhood known as National Landing in Arlington, Virginia, less than three miles from Washington, D.C.
Amazon says it will bring over 25,000 jobs and invest $2.5 billion in each of the two locales, fulfilling its original stated plan of bringing 50,000 jobs and more than $5 billion of investment to the final chosen site. The company further announced a new “Center of Excellence for its Operations business” that will be constructed in downtown Nashville, Tennessee, and create 5,000 jobs there.
The splitting of the HQ2 may help blunt the impact of Amazon’s arrival and the anticipated rising housing costs its large workforce will bring, which some experts have likened to a “prosperity bomb.”