Amazon Selects New York City and Northern Virginia for New Headquarters
“We are excited to build new headquarters in
Located just across the East River from Midtown Manhattan and the
Upper East Side,
Long Island Cityis a mixed-use community where arts and industry intersect. It is a diverse community with a unique blend of cultural institutions, arts organizations, new and converted housing, restaurants, bars, breweries, waterfront parks, hotels, academic institutions, and small and large tech sector and industrial businesses. Long Island Cityhas some of the best transit access in New York City, with 8 subway lines, 13 bus lines, commuter rail, a bike-sharing service, and ferries serving the area, and LaGuardia and JFK airports are in close proximity.
As part of Amazon’s new headquarters,
New Yorkand Long Island Citywill benefit from more than 25,000 full-time high-paying jobs; approximately $2.5 billionin Amazoninvestment; 4 million square feet of energy-efficient office space with an opportunity to expand to 8 million square feet; and an estimated incremental tax revenue of more than $10 billionover the next 20 years as a result of Amazon’s investment and job creation. Amazonwill receive performance-based direct incentives of $1.525 billionbased on the company creating 25,000 jobs in Long Island City. This includes a refundable tax credit through New York State’s Excelsior Program of up to $1.2 billioncalculated as a percentage of the salaries Amazonexpects to pay employees over the next 10 years, which equates to $48,000per job for 25,000 jobs with an average wage of over $150,000; and a cash grant from Empire State Developmentof $325 millionbased on the square footage of buildings occupied in the next 10 years. Amazonwill receive these incentives over the next decade based on the incremental jobs it creates each year and as it reaches building occupancy targets. The company will separately apply for as-of-right incentives including New York City’s Industrial & Commercial Abatement Program ( ICAP) and New York City’s Relocation and Employment Assistance Program (REAP).
The community will benefit from
New York Cityproviding funding through a Payment In Lieu Of Tax (PILOT) program based on Amazon’s property taxes on a portion of the development site to fund community infrastructure improvements developed through input from residents during the planning process. Amazonhas agreed to donate space on its campus for a tech startup incubator and for use by artists and industrial businesses, and Amazonwill donate a site for a new primary or intermediary public school. The company will also invest in infrastructure improvements and new green spaces.
“When I took office, I said we would build a new
“This is a giant step on our path to building an economy in
National Landing is an urban community in
Northern Virginialocated less than 3 miles from downtown Washington, D.C.The area is served by 3 Metro stations, commuter rail access, and Reagan National Airport– all within walking distance. The community has a variety of hotels, restaurants, high-rise apartment buildings, retail, and commercial offices. National Landing has abundant parks and open space with sports and cultural events for residents of all ages throughout the year.
As part of Amazon’s new headquarters,
Virginiaand Arlingtonwill benefit from more than 25,000 full-time high-paying jobs; approximately $2.5 billionin Amazoninvestment; 4 million square feet of energy-efficient office space with the opportunity to expand to 8 million square feet; and an estimated incremental tax revenue of $3.2 billionover the next 20 years as a result of Amazon’s investment and job creation. Amazonwill receive performance-based direct incentives of $573 millionbased on the company creating 25,000 jobs with an average wage of over $150,000in Arlington. This includes a workforce cash grant from the Commonwealth of Virginiaof up to $550 millionbased on $22,000for each job created over the next 12 years. Amazonwill only receive this incentive if it creates the forecasted high-paying jobs. The company will also receive a cash grant from Arlingtonof $23 millionover 15 years based on the incremental growth of the existing local Transient Occupancy Tax, a tax on hotel rooms.
The community and
Amazonemployees will benefit from the Commonwealth investing $195 millionin infrastructure in the neighborhood, including improvements to the Crystal Cityand the Potomac Yards Metro stations; a pedestrian bridge connecting National Landing and Reagan National Airport; and work to improve safety, accessibility, and the pedestrian experience crossing Route 1over the next 10 years. Arlingtonwill also dedicate an estimated $28 millionbased on 12% of future property tax revenues earned from an existing Tax Increment Financing (TIF) district for on-site infrastructure and open space in National Landing.
“This is a big win for
“We are proud that
Amazon’s new Operations Center of Excellence in
Downtown Nashville, along the Cumberland River, is the heart of the city just north of the Gulch and is home to urban living, retail, restaurants, entertainment venues, hospitality, open green spaces, and offices. The area is served by commuter rail, more than a dozen bus routes, and is a 15-minute drive to Nashville International Airport.
As part of Amazon’s investment,
Tennessee, Davidson Countyand the city of Nashvillewill benefit from 5,000 full-time, high-paying jobs; over $230 millionin investment; 1 million square feet of energy-efficient office space; and an estimated incremental tax revenue of more than $1 billionover the next 10 years as a result of Amazon’s investment and job creation. Amazonwill receive performance-based direct incentives of up to $102 millionbased on the company creating 5,000 jobs with an average wage of over $150,000in Nashville. This includes a cash grant for capital expenditures from the state of Tennesseeof $65 millionbased on the company creating 5,000 jobs over the next 7 years, which is equivalent to $13,000per job; a cash grant from the city of Nashvilleof up to $15 millionbased on $500for each job created over the next 7 years; and a job tax credit to offset franchise and excise taxes from the state of Tennesseeof $21.7 millionbased on $4,500per new job over the next 7 years.
“We want to thank
“Amazon’s decision to expand its presence in
With more than 610,000 employees worldwide, including over 250,000 in
All economic impact and incentive figures are best estimates calculated by relevant entities in each of the selected communities based on current information. To learn more about Amazon’s new sites, visit https://blog.aboutamazon.com/company-news/amazon-selects-new-york-city-and-northern-virginia-for-new-headquarters.