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Amazon Announces Search for Location to Build Second Headquarters; Projected at $5 Billion

Amazon Announces Search for Location to Build Second Headquarters; Projected at $5 Billion



SEATTLE, WA - As Amazon continues to gain footing following its high-profile acquisition of Whole Foods, it is looking to fortify its current position by building a second headquarters in North America, which it is referring to as HQ2. Projected to cost more than $5 billion, and accommodating up to 50,000 staff, the company has put out a call for proposals to regional governments as it seeks to identify a location for the massive project.

Jeff Bezos, Founder and CEO, Amazon“We expect HQ2 to be a full equal to our Seattle headquarters,” said Jeff Bezos, Amazon Founder and CEO, according to a press release. “Amazon HQ2 will bring billions of dollars in up-front and ongoing investments, and tens of thousands of high-paying jobs. We’re excited to find a second home.”

In choosing the location for HQ2, Amazon has stated a preference for:

  • Metropolitan areas with more than one million people
  • A stable and business-friendly environment
  • Urban or suburban locations with the potential to attract and retain strong technical talent
  • Communities that think big and creatively when considering locations and real estate options

Amazon Headquarters

The project would initially need more than 500,000 square feet and up to 8 million square feet beyond 2027, Amazon said.

How will this move impact business moving forward? Stay tuned to AndNowUKnow as we continue to report.

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