Economy

Seattle losing Amazon HQ2 no surprise to city leaders

Seattle losing Amazon HQ2 no surprise to city leaders”

Cities like Detroit, Memphis, Tennessee; and Gary, Indiana, failed to make Amazon's first cut as the online giant narrowed its list to 20 prospective sites for the $5 billion project that could employ up to 50,000 people.

Amazon announced its solicitation of North American regions a year ago in a highly-competitive selection process for its second corporate headquarters and received a total of 238 proposals from cities and provinces throughout the US and Canada. The list of finalists strayed from the West Coast (where Amazon originated), and included many locations in the Midwest and on the East Coast - including the cities of Atlanta, Boston, Chicago, Denver, New York and Miami.

He released a statement saying, "It's disappointing we will not be welcoming a new Amazon headquarters to Detroit, but appreciate their continued investment and expansion in MI, including right in the heart of our Comeback City".

The Seattle-based company estimates from 2010-2016, $38 billion was invested back into the city's economy.

The campaign got local tweets and wider notice, including mentions in the New York Times.

Ives said that based on the list of finalists, he said he believes the victor will be an East Coast city that is home to a strong base of intellectual property and technology companies, colleges in the surrounding area, and is also a location that helps serve Amazon's political interests.

With that sort of money at stake, it is no wonder that cities the length and breadth of three countries vied to make the splashiest bid.

Amazon announced the short-listed cities on Thursday. Some of that growth came from Amazon's almost $14 billion acquisition past year of natural foods grocer Whole Foods and its 89,000 employees. He wished Toronto well, but said he hadn't picked up the phone to extend his best wishes to Mayor John Tory because "I don't feel that is my role". Amazon says HQ2, as it has been dubbed, will be a full equal to its existing corporate centre.

Eisenberger said the proposal gives the city an up-to-date portfolio of "assets we have that we should be proud of and continue to sell". Texas' Austin and Dallas made the cut, as did Philadelphia and Pittsburgh in Pennsylvania.

State Senate President Stephen Sweeney, D-Gloucester, said he believes the plan - which the state Legislature passed earlier this month - helped Newark make the list.

"In the last decade, Newark has experienced unparalleled growth, paving the way for many new companies to call our city home", Booker said.

"We wanted them to consider Somerville based on who we are and what we are, our diversity and our knowledge-based workforce", Proakis said.



Like this

loading...
loading...

Latest


19 January 2018
Saif Ali Khan,Kareena Kapoor Khan and Taimur Ali Khan
Wearing a gorgeous Vikram Phadnis lehenga, Kareena stepped out as every man's dream with all her charm and coyness on display. The actress, who walked the ramp even she was pregnant, has always turned heads.

19 January 2018
Penn State WR coach Josh Gattis joining Alabama's staff, per report
Gattis, 34, has worked for James Franklin for the past six years - the first two at Vanderbilt and the past four at Penn State. Locksley spent the past season as the co-offensive coordinator/wide receivers coach for the Crimson Tide.

19 January 2018
NA Purchases 3631 Shares of VF Corp (VFC)
Envestnet Asset owns 0% invested in Comerica Incorporated (NYSE:CMA) for 17,886 shares. 445,241 were reported by Pggm Investments. Corporation (NYSE:VFC). 139.79 million shares or 2.40% less from 143.22 million shares in 2017Q2 were reported. (NYSE:GAM).

19 January 2018
Keith Urban announces tour, Colorado concert
Keith Urban is gearing up for a big year, and it's all starting with a brand-new album... and corresponding tour. BLACK RIVER ENTERTAINMENT's KELSEA BALLERINI will be URBAN's special guest for the majority of the tour dates.

19 January 2018
Ross Stores, Inc. (NASDAQ:ROST) Stock Seeing Positive Momentum
Morgan upgraded the stock to "Buy" rating in Monday, September 25 report. (NASDAQ: ROST ) rating on Monday, August 24. Keefe Bruyette & Woods downgraded the shares of DGICA in report on Tuesday, December 20 to "Mkt Perform" rating.

19 January 2018
IPhone 11 Rumors: Apple Will Reportedly Release Larger iPhones In 2018
The analyst believes that the reason for this uninspiring market performance could be China's longer replacement cycles. That notion, as well as the iPhone X's high price could be why Chinese customers aren't rushing to get the smartphone.

19 January 2018
Zimbabwean opposition politician among five people killed in USA helicopter crash
Mr Burnett, who was born in England but based in Houston, broke the land speed record for a steam powered auto in 2009. The victim informed dispatch there were six people...

19 January 2018
Night in the Woods Receives Switch Release Date
According to the game's official Twitter account, the Switch version will launch on the North American eShop on 1st February. During Night in the Woods , players will be able to control Mae as she learns new mechanics throughout the game.

19 January 2018
Senators who didn't recall Trump using vulgarity backtrack
A bipartisan group of senators said last week they had reached a deal on DACA, but the White House had not signed off. Trump sparked domestic and worldwide backlash after reports surfaced that he made vulgar remarks as Durbin and Sen.

19 January 2018
Asda and Aldi ban energy drink sales to under-16s
It's after a campaign calling for a total ban on the soft drinks because of the high levels of caffeine they contain. ALDI and Asda have recently announced plans to ban under 16s from buying caffeinated energy drinks .