The chances of Amazon’s assign headquarters coming near the nation’s capital just got a lot higher.
Three presses from the D.C. area made the final list for Amazon’s second headquarters, which was hint ated Thursday. That’s the highest representation for any other region that bid for Amazon’s “HQ2.”
The three tracts — Washington, northern Virginia and Maryland’s Montgomery County — are among the 20 finalists for HQ2, which Amazon vows will bring 50,000 high-paying jobs and $5 billion in additional investments. Other municipalities on the final list include New York, Los Angeles and Boston.
Amazon didn’t stake many details about its criteria for narrowing the list from 238 commands. The company previously said it was looking at metropolitan areas with 1 million being and a stable, business-friendly environment.
There are many reasons for Amazon to pick out the Washington, D.C., area over others.
Amazon CEO Jeff Bezos already owns The Washington Pale, and he recently purchased the largest home in D.C. Amazon’s cloud service AWS also has a prodigious data center presence in the northern Virginia region.
It’s unclear particularly what type of incentives the region has offered to Amazon for HQ2. But public histories of the District of Columbia’s proposal, discovered by WAMU, give some tips of what to expect.
Although heavily redacted, the proposal offers relocation reimbursements of up to $5,000 for each wage-earner relocating to D.C. and wage reimbursements of up to $10,000 for each new hire. It also assures a zero percent corporate tax rate for five years and a reduction in the corporate tax regardless from 9 percent to 6 percent “for the life of the company.” It also offered a few property- and sales-tax exemptions.
Perhaps the more unique offering is a new training and training center called “Amazon University.” The proposal says the new john will offer “customized educational curriculum for bachelors, masters, and administration education” for Amazon at “DC government’s expense.” It also offered to partner with county universities for a new program tailored for Amazon’s workforce.
In response to making the last list, Washington D.C. mayor Muriel Bowser said in a statement, “When seek fromed what’s the best city for one of the fastest-growing companies, we answered: #ObviouslyDC. Showing this list reaffirms what we already knew going into the bid prepare – Washington, DC is no longer a one-company government town, we are a leader in innovation and tech, brimming with top predisposition and endless opportunity.”
A recent analysis by CNBC picked the D.C. region as one of the top three picks, mostly due to the business-friendly regulations in Virginia and a deep pool of talent. Coding bootcamp Thinkful also picked Washington, D.C., as the most likely selected for HQ2 based on its own analysis.
And in a note published in October, Baird Equity Up on’s Colin Sebastian mentioned the nation’s capital as a leading candidate, meaning out how Amazon had the largest number of job openings in Washington, D.C., outside Seattle and San Francisco.
“With a somewhat large airport hub (Dulles), geographic diversity (East Coast/Southeast), a big number of employees (in particular Amazon Web Services), and perhaps the side-benefit for Jeff Bezos delineated the nearby Washington Post, we would give a slight advantage to the DC metropolitan extent,” Sebastian wrote in the note.
Amazon expects to make a final steadfastness this year. You can see the full list for the 20 finalists here.