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Originally Posted by Skyguy_7
The Wall Street Journal is reporting that Amazon HQ2 is going to New York and Virginia. It will be split evenly between Long Island City in Queens and Crystal City in northern Va. Sad, but a wise decision to stay away from our shithole state.
There was mention, however, that Amazon is looking to build "major sites" in several other cities. So everybody gets a trophy.  |
Amazon has had offices in Chicago for a while. I have a friend that works for them in the Loop, in the CME building. They handle logistics, mostly. It would not be surprising to see a larger footprint in the city in the near future. Most companies are moving away from a central headquarters to a more distributed footprint. This HQ2 thing was always about extracting the maximum amount of tax giveaways to accomplish that feat. Chicago played the game, along with 19 other communities.
The thing that really determines growth for the city will be its entrepreneurial class. What kind of investment money is flowing into the city and how many startups can take advantage of that? They will employ far more than a single corporate relocation. That, and poaching corporate headquarters from the suburbs. Hey AllState, the kids want to work downtown!