Seattle-based ecommerce giant Amazon is on the real estate hunt, looking for a second North American location. With a $5 billion budget, the new property will be “a full equal” of its current home, according to Jeff Bezos, Amazon Founder and CEO.
The company wants to plant its “Amazon HQ2” – not to be confused with a satellite office – on real estate that is…
- In or near a metropolitan area with more than one million people
- Attractive to technical talent in both the short and long term
- Within 45 minutes of an international airport
- Able to expand to at least 8 million square feet within 10 years
“Amazon HQ2 will bring billions of dollars in up-front and ongoing investments, and tens of thousands of high-paying jobs,” said Bezos. "We’re excited to find a second home.”
Minnesota prepares a proposal.
Governor Mark Dayton has his sights set on Amazon HQ2 and the economic opportunity that comes with it.
“With as many as 50,000 new jobs possible for Minnesota workers and families, I have directed Commissioner Shawntera Hardy and the Department of Employment and Economic Development to work with city, regional and state partners on a proposal to bring Amazon’s new headquarters to Minnesota,” said Dayton.
Amazon’s real estate search website notes that the company is excited to find a new home where “customers, employees, and the community can all benefit.”
Why not the Twin Cities?