ibusinesslines.com
ibusinesslines.com November 17, 2018


Amazon in 'advanced talks' to put HQ2 in Northern Virginia

06 November 2018, 03:17 | Kelvin Horton

The Amazon logo is seen on the side of a new logistics center. THE CANADIAN PRESS AP Michel Spingler

The Amazon logo is seen on the side of a new logistics center. THE CANADIAN PRESS  AP Michel Spingler

City and state lawmakers nationwide created economic incentives in a bid to attract Amazon's second headquarters, that would bring in 50,000 jobs and $5 billion in investment. If Amazon does move to the city, it will likely move several hundred employees to 1851 S. Bell Street or 1770 Crystal Drive at first.

In a series of tweets, Grella shared his thoughts on the reports about where Amazon's second headquarters would be.

Grella has already responded to another Post article by tweet, one in which the publication speculated on the HQ2 search based on where Amazon CEO Jeff Bezos' corporate jet flies: "as an Amazon spokesman said, where Jeff flies to and doesn't fly to says nothing about #HQ2 cities".

At a conference in NY on Thursday, CEO Jeff Bezos - who said in October that Amazon will decide before the end of the year where HQ2 will be - told attendees the decision would ultimately be based on his intuition. "You're not doing Crystal City, Va. any favours". The company may be having similar discussions with other finalists.


After months of speculation into where the $800 billion Amazon will open its second headquarters, there appears to be a front-runner. Analysts at Stifel Nicolaus recently upgraded the company from "Sell" to "Hold" and say just the possibility that Amazon chooses Crystal City has added four or five dollars to the company's stock price. It's a large residential and office complex in Arlington, Virginia, just south of Washington, the Post said, citing unidentified sources.

Amazon has said it plans to announce the new headquarters this year, which means the company now has less than 60 days to make a decision.

Amazon is expected to make its decision before the end of the year.

Mike Grella, an economic development director at Amazon, wasn't happy about the Washington Post story, Bloomberg reported.



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