Cities across North America want the 50,000 jobs that come with Amazon’s HQ2. But will it really make life for residents better?
Amazon sent cities into a frenzy when it announced plans to build a second headquarters, expected to cost $5 billion to construct. Amazon (AMZN, Tech30) said it received 238 proposals from across the continent.
Submissions came from major urban centers like New York City and Los Angeles, Canadian metro areas including Toronto, and smaller U.S. cities like Worcester, Massachusetts and Stonecrest, Georgia.
“Bringing in up to 50,000 jobs into a city is pretty much an event you can’t duplicate any other way. … It’s akin to winning the lottery,” said Steve Glickman, cofounder and executive director of the Economic Innovation Group.