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How Much Would Winning Amazon HQ2 Drive Up Rents In Your City?

Last month, when Amazon announced plans to open a second corporate headquarters, it invited city and state governments to compete for selection, unleashing provincial rivalries typically reserved for major sporting events.

Thursday marks the deadline to submit bids, and–if you go by local press–nearly every big city in America is contending for it, some offering huge tax breaks.

It’s easy to see the appeal. Over the next 10 to 15 years Amazon plans to hire up to 50,000 full-time employees at HQ2, paying each an average of $100,000 a year.

Read Article at Forbes.com

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