New headquarters will be a full equal to Amazon’s headquarters in
Seattle, and is expected to grow to 50,000 employees as part of the
company’s ongoing job creation
Amazon plans to invest over $5 billion in construction and operation
of Amazon HQ2
In addition to Amazon’s direct hiring and investment, construction
and operation of Amazon HQ2 is expected to create tens of thousands of
jobs in construction and related industries, and generate tens of
billions of dollars in additional investment in the city where Amazon
HQ2 is located
SEATTLE--(BUSINESS WIRE)--Sep. 7, 2017--
(NASDAQ: AMZN)—Amazon today announced plans to open Amazon HQ2, a second
company headquarters in North America. Amazon expects to invest over $5
billion in construction and grow this second headquarters to include 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. Amazon is opening the Amazon HQ2 Request for Proposal (“RFP”)
now, and local and state government leaders interested in learning more
about how they can bring Amazon to their community can visit www.amazon.com/amazonHQ2.
Amazon estimates its investments in Seattle from 2010 through 2016
resulted in an additional $38 billion to the city’s economy – every
dollar invested by Amazon in Seattle generated an additional 1.4 dollars
for the city’s economy overall.
Details of Amazon’s Seattle headquarters:
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Amazon Seattle HQ
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Direct1 |
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Number of buildings
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33
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Square feet
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8.1 million
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Local retail within Amazon headquarters
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24 restaurants/cafes + 8 other services
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Amazon employees
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40,000+
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Capital investment (buildings & infrastructure)
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$3.7 billion
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Operational expenditures (utilities & maintenance)
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$1.4 billion
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Compensation to employees
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$25.7 billion
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Number of annual hotel nights by visiting Amazonians and guests
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233,000 (2016)
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Amount paid into the city’s public transportation system as
employees’ transportation benefit
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$43 million
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Indirect2 |
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Additional jobs created in the city as a result of Amazon’s direct
investments
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53,000
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Additional investments in the local economy as a result of Amazon’s
direct investments
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$38 billion
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Increase in personal income by non-Amazon employees as a result of
Amazon’s direct investments
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$17 billion
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Other
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Increase in Fortune 500 companies with engineering/R&D centers in
Seattle
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From 7 in 2010 to 31 in 2017
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1From 2010 (when Amazon moved its headquarters to
downtown Seattle) to June 2017.
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2From 2010-2016. Calculated using Input-Output
methodology and multipliers developed by the U.S. Bureau of
Economic Analysis.
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With more than 380,000 employees worldwide, Amazon ranks #1 on Fast
Company’s Most Innovative Companies, #2 on Fortune’s World’s 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.
“We expect HQ2 to be a full equal to our Seattle headquarters,” said
Jeff Bezos, Amazon founder and CEO. “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.”
In choosing the location for HQ2, Amazon has a preference for:
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Metropolitan areas with more than one million people
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A stable and business-friendly environment
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Urban or suburban locations with the potential to attract and retain
strong technical talent
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Communities that think big and creatively when considering locations
and real estate options
HQ2 could be, but does not have to be:
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An urban or downtown campus
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A similar layout to Amazon’s Seattle campus
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A development-prepped site. We want to encourage states and
communities to think creatively for viable real estate options, while
not negatively affecting our preferred timeline.
Amazon HQ2 will be a complete headquarters for Amazon – not a satellite
office. Amazon expects to hire new teams and executives in HQ2, and will
also let existing senior leaders across the company decide whether to
locate their teams in HQ1, HQ2 or both. The company expects that
employees who are currently working in HQ1 can choose to continue
working there, or they could have an opportunity to move if they would
prefer to be located in HQ2.
To learn more about Amazon’s current Seattle headquarters, plans for
Amazon HQ2, and to submit a proposal, 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.
Forward-Looking Statements
This press release contains forward-looking statements that are
inherently difficult to predict. Actual results could differ materially
for a variety of reasons, including, in addition to the factors
discussed above, the amount that Amazon.com invests in new business
opportunities and the timing of those investments, the mix of products
and services sold to customers, the mix of net sales derived from
products as compared with services, the extent to which we owe income
taxes, competition, management of growth, potential fluctuations in
operating results, international growth and expansion, the outcomes of
legal proceedings and claims, fulfillment, sortation, delivery, and data
center optimization, risks of inventory management, seasonality, the
degree to which the Company enters into, maintains, and develops
commercial agreements, acquisitions and strategic transactions, payments
risks, and risks of fulfillment throughput and productivity. Other risks
and uncertainties include, among others, risks related to new products,
services, and technologies, system interruptions, government regulation
and taxation, and fraud. In addition, the current global economic
climate amplifies many of these risks. More information about factors
that potentially could affect Amazon.com’s financial results is included
in Amazon.com’s filings with the Securities and Exchange Commission
(“SEC”), including its most recent Annual Report on Form 10-K and
subsequent filings.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170907005717/en/
Source: Amazon.com, Inc.
Amazon.com, Inc.
Media Hotline
Amazon-pr@amazon.com
www.amazon.com/pr
