There are plenty of headlines and happenings in this week leading up to Black Friday and the official start of the holiday shopping weekend, but like they always seems to do, Amazon has once again stolen the spotlight.
The ecommerce giant announced this week that, after a more than yearlong process hunting for a second home, it was ready to make a final decision—or decisions really. See, leading up to this week’s announcement, it was rumored that Amazon was having a bit of trouble narrowing it down to just one city for its so-called HQ2. So, like any major corporation with boatloads of cash and an unwavering desire to secure total world domination, the retailer announced it would evenly split its HQ2 between two cities, Crystal City in Northern Virginia and New York’s Long Island.
Not without controversy, the decision does make a ton of sense for Amazon. Jeff Bezos, for what it’s worth, owns property in the DC metro area, and, of course, he did purchase the Washington Post back in 2013. Plus, DC always seemed to make sense given Amazon’s desire to be close to the country’s political capitol. However, there’s not much tech talent to be had around there, hence the decision to split HQ2 into two mini campuses, one in DC, and the other in the east coast’s version of Silicon Valley, that being New York City.
So, with its decision now final, Amazon can get to work on building its two new homes, each of which will support roughly 25,000 new jobs and should bring in construction investments totaling about $2.5 billion a piece.
And, in a bit of a consolation prize kind of announcement, Amazon did reveal that it would open a brand new Center of Excellence for its Operations business in Nashville. The new home there will create more than 5,000 jobs for a campus that will help support Amazon’s customer fulfillment, transportation, supply chain, and other similar activities.
Honestly, the entire HQ2 search process here felt like a bit of a sham and really doesn’t come off well in the end for Amazon. Sure, the company probably got tax breaks and other benefits, which is exactly what it was looking for in this process. But some analysts covering the space—including us here at Dealerscope—look at this process and feel like Amazon really went into with its mind already made up. Think about it. New York and Washington. Two of the most powerful cities in the country end up winning some manufactured competition for Amazon’s second home. Did any other metropolitan area really have a chance here? You tell us. Let us know in the comments below, and be sure to check out all the HQ2 coverage and more on Dealerscope.
Week in Review is sponsored by New Age Electronics.