Finalist Cities Facing Unintended Consequences from Amazon HQ2 Bids
There’s absolutely no doubt that whichever city Amazon ends up choosing for its second headquarters will benefit from the presence of Jeff Bezos’ company. Amazon has promised some $5 billion in investments in the local community over the next two decades along with creating an estimated 50,000 jobs in that community—similar to the company’s footprint in the Seattle region.
But as the hunt for an HQ2 narrows in on the top 20 cities, the ugly underbelly of this manufactured competition is starting to turn up.
As reported by the Wall Street Journal over the weekend, the 20 finalists on Amazon’s shortlist are quickly discovering some of the unintended consequences of their bids to lure Amazon. Namely, companies with already-established presences in those finalist cities are starting to call for similar tax breaks and other incentives that elected officials in those cities have promised to Amazon.