Amazon picks New York, northern Virginia for new headquarters

Amazon has selected New York and northern Virginia as locations for its new headquarters, and will beef up its presence in Nashville after a one-year search for a second home.

The retail giant settled on the Queens, N.Y., neighbourhood of Long Island City and an area of Arlington, Va., known as Crystal City for its so-called HQ2.

After the Wall Street Journal first reported that the company had selected the two locations, the company confirmed the news a little before 10 a.m. on Tuesday.

In addition to the two new hubs with 25,000 employees each, Amazon also revealed it is planning to build what it's calling a "centre of excellence" in Nashville, Tenn.

The decision would bring to an end a more-than-year-long contest that started with 238 candidates and ended with a surprise split of its HQ2.

The company was planning to split its second headquarters evenly between two cities, and among the finalists that Amazon was holding advanced talks with were Dallas, Long Island City in New York and Arlington near Washington, D.C., Reuters reported last week, citing sources.

Amazon sparked a bidding frenzy in September 2017 when it announced it would invest over $ 5 billion US to create an HQ2 in addition to its home base in Seattle and hire up to 50,000 people.

Cities and states promised billions of dollars of tax breaks and other inducements in exchange for Amazon's HQ2. They also handed over infrastructure, labour and other data that could prove useful in other ways to the world's largest online retailer.

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