Amazon is looking for a North American city for a second headquarters (HQ2), and Thursday was the last day for submissions. The company will reportedly spend $5 billion and bring 50,000 jobs to the winning city. Critics say it’s a race to the bottom (determine who will give up the most tax & other incentives), and that cities should be careful what they wish for (an Amazon HQ2 could bring increases in real estate prices, traffic problems).
Forbes magazine lists the top contenders as: Atlanta, Austin, Boston, Pittsburgh and Toronto. We will have to be patient. The decision will only be made sometime in 2018!
