Amazon has announced plans to open a second company headquarters in North America. The new “HQ2” facility will cost at least $5 billion to construct and operate.
“We expect HQ2 to be a full equal to our Seattle headquarters,” said Amazon CEO Jeff Bezos. “Amazon HQ2 will bring billions of dollars in up-front and ongoing investments, and tens of thousands of high-paying jobs. We’re excited to find a second home.”
Amazon has stated that it would prefer to open the headquarters in a suburban or urban area with more than 1 million people. It’s looking for a community that “thinks big” and a location that will attract technical talent.
Potential cities in the mix include Chicago and Boston. A spokesperson for the city of Chicago declined to comment on whether it will submit a proposal but gave the following statement: “Chicago’s unmatched workforce, world-class universities and unparalleled access to destinations throughout the world make it the perfect headquarters location for companies large and small. That’s also why Chicago has led the nation in corporate relocations for the last four years.”