AMZN Amazon.com Inc.

Amazon Announces Candidates for HQ2

(NASDAQ: AMZN)—Amazon reviewed 238 proposals from across the U.S., Canada, and Mexico to host HQ2, the company’s second headquarters in North America. Today, Amazon announced it has chosen the following 20 metropolitan areas to move to the next phase of the process (in alphabetical order):

- Atlanta, GA

- Austin, TX

- Boston, MA

- Chicago, IL

- Columbus, OH

- Dallas, TX

- Denver, CO

- Indianapolis, IN

- Los Angeles, CA

- Miami, FL

- Montgomery County, MD

- Nashville, TN

- Newark, NJ

- New York City, NY

- Northern Virginia, VA

- Philadelphia, PA

- Pittsburgh, PA

- Raleigh, NC

- Toronto, ON

- Washington D.C.

“Thank you to all 238 communities that submitted proposals. Getting from 238 to 20 was very tough – all the proposals showed tremendous enthusiasm and creativity,” said Holly Sullivan, Amazon Public Policy. “Through this process we learned about many new communities across North America that we will consider as locations for future infrastructure investment and job creation.”

Amazon evaluated each of the proposals based on the criteria outlined in the RFP to create the list of 20 HQ2 candidates that will continue in the selection process. In the coming months, Amazon will work with each of the candidate locations to dive deeper into their proposals, request additional information, and evaluate the feasibility of a future partnership that can accommodate the company’s hiring plans as well as benefit its employees and the local community. Amazon expects to make a decision in 2018.

Amazon HQ2 will be a complete headquarters for Amazon, not a satellite office. The company plans to invest over $5 billion and grow this second headquarters to accommodate as many as 50,000 high-paying jobs. In addition to Amazon’s direct hiring and investment, construction and ongoing operation of Amazon HQ2 is expected to create tens of thousands of additional jobs and tens of billions of dollars in additional investment in the surrounding community.

With more than 540,000 employees worldwide, Amazon ranks #1 on Fast Company’s Most Innovative Companies, #2 in Fortune’s World Most Admired Companies, #1 on The Harris Poll’s Corporate Reputation survey, and #2 on LinkedIn’s U.S. most desirable companies list. Amazon was also recently included in the Military Times’ Best for Vets list of companies committed to providing opportunities for military veterans. Over the past five years, Amazon has invested more than $100 billion in the U.S., including corporate offices, development and research centers, fulfillment infrastructure, and compensation to its teams.

To learn more about Amazon’s current Seattle headquarters and the latest about HQ2 visit www.amazon.com/amazonHQ2.

About Amazon

Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit www.amazon.com/about and follow @AmazonNews.

EN
18/01/2018

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Amazon.com Inc.

Amazon Com Inc: 1 director

Two Directors at Amazon Com Inc bought/sold 933 shares at between 0.000USD and 203.880USD. The significance rating of the trade was 51/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over t...

Dan Salmon
  • Dan Salmon

Amazon (Buy/Top Pick, target declines to $285) Higher capex = higher A...

Our target declines to $285 from $350 on mixed estimate changes (dominated by lower near-term FCF) as well as slightly lower target multiples to better account for elevated investment risk.

Michael Piccolo
  • Michael Piccolo

Daily Recap: CYBR/PANW, WBD/NFLX, QXO, GLDD, TGNA/NXST, LSEG, TDC, KHC...

Warner Bros. Discovery (WBD - $27.80) and Netflix Inc. (NFLX - $82.21)Activist Ancora ReleasesPresentation Regarding its Strong Opposition to the Currently Proposed Merger. Ancora Holdings Group, a nearly $11 billion firm with an ~$200 million economic interest in WBD, announced on February 11, 202

ResearchPool Subscriptions

Get the most out of your insights

Get in touch