Amazon could detonate a gentrification ‘prosperity bomb’ in the mystery city of its new headquarters
September 12, 2017
Nearly 50 North American cities are vying to become the home of Amazon’s second headquarters — its first outside Seattle. The company said on Thursday that it plans to invest $5 billion in the construction of the new campus, dubbed HQ2, where it hopes to eventually staff 50,000 Amazon employees.
CEO Jeff Bezos said it will be equal in size to Amazon’s current headquarters in the Seattle area, where the company grew from a small set-up in Bezos’ garage into a global e-commerce giant. Cities in the running include Philadelphia, Denver, Chicago, San Jose, and Toronto.