Thursday, October 19, 2017

Could Austin Get the New Amazon Headquarters?

Moody’s Analytics has crunched the numbers and they think Austin has the best shot at getting the new Amazon headquarters, Business Insider reports.

The retail giant’s second headquarters is expected to employ 50,000 people and the company says it will give it a $5 billion investment.  

Amazon is accepting bids through today from cities that meet the following criteria: 1 million or more residents, 8 million square feet of space for the construction, access to an airport, stable, business-friendly regulations and tax structure, incentives that will help with the construction and expenses, workers, mass transit, a good cultural fit and a high quality of life.

The relatively low cost of living in Austin, as well as high quality of life and high desire of people to live here contributed to Austin’s coming out on top.  Texas’ low level of regulation and taxes were the icing on the cake.  

Atlanta, Georgia and Philadelphia, Pennsylvania came in at the next two spots.  

Amazon will announce the winner next year.

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