Inside Amazon's HQ2 Project and Why It's Stalled
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- Опубликовано: 16 сен 2024
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Amazon's HQ2 project, which promised a $5 billion investment and thousands of jobs, sparked a fierce bidding war among cities across North America. After choosing New York City and Northern Virginia, Amazon faced backlash, leading to the cancellation of the New York site. Construction in Virginia proceeded, with the first phase completed in 2023, but the highly anticipated second phase, including the iconic Helix, has been indefinitely paused. Contributing factors include Amazon's shift towards remote work, economic uncertainties, and large-scale layoffs. Despite these challenges, Amazon remains committed to the project, though the timeline for its completion is now uncertain.
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If only these cities and states would devote one tenth as much effort to supporting small-to-middle-sized businesses as they do to pandering to these giants they'd be much better off.
If amazon wants to set up in NoVa, fine. However the taxpayers shouldn't be funding the bill for a trillion dollar company in an area of the country in which every f-in multinational and tech company are and/or want to set up shop.
Amazon populating an area suffering from high office vacancies supported many small businesses
If you don’t want thousands of jobs just say so lol
Seeing cities meatriding Amazon is so funny
The sudd gay gay fat gay
I'd love to see them modify the project to feature some much needed housing. But it's Amazon. So, probably not.
Frankly, I wouldn't worry about the completion of Phase 2, or even the future expansion of HQ2. The only reason it has slowed is to provide Amazon time to realign their post pandemic plans. They are still figuring out their future business model. Slamming the brakes on their real estate development around the world makes good financial sense. No doubt, some places will be cut back....but, not Northern Virginia and not HQ2. Amazon is now so big that it needs to have a heavy presence in Washington, DC. This is a must. Just having offices on K Street isn't enough. Nor, is Jeff Bezos' DC mansion, which is the largest private home there. Nor, are the huge data and office complexes they have in the Virginia suburbs. They need substantial numbers of employees in the local communities. In the end, it benefits them to close down offices in other cities and shift the jobs to Virginia.
Amazon wanted to go where there were the most tech workers already in the area.
it's really messed up that corporations like Amazon have to get a tax break in order for them to build a headquarters in your city
Cities shouldn't be trying to appeal to companies like this.
I despise Amazon but I love this channel
No mention of Virginia Tech building their Innovation Campus there as part of the deal? You didn't do enough research or don't understand its importance and cost.
Amazon should have located in Philadelphia. Its smack in the middle of the North East Corridor, its cheap to live there, Washington DC, New York and Jersey Shore are close easy weekend trips. it doesn't have the tech infrastructure they need but they are big enough to change that.
Decaying crime ridden city with no future or value proposition.
Virginia should have slashed the tax incentives in half when Amazon slashed they promised jobs in half. They were looking for 1 city for 50k jobs but split it with NY for 25k each. Even after AOC kicked them out they didn’t bother to bring it them anywhere else. My guess is that they never wanted to create a 2nd HQ. They just wanted a way to get some tax incentives.
I don’t think it really matters at this point whether the entire project is completed sooner or later. You didn’t mention which divisions/operations were happening there which could be important: AWSis likely to continue to grow whereas the others are more consumer fickle, changing demand for VA/DC space
Raleigh, NC would've been the best choice for location.
I live in Chapel Hill and am glad we dodged the Amazon bullet. I will stick with the universities, Epic Games, and RTP
@@patrickkelly737 Raleigh*
Absolutely not! Austin would have pulled them in way before Raleigh!
I enjoyed this video 👍🏾
Bugs Bunny: "Poor little Nimrod."
Great info. Was just thinking about this thing
Why do you have Scott Galloway up there haha what does he have to do with Amazon?
Those two countries separated by a river seem like they would have been the best option to ME … But what do I know I’m not a developer or involved in this project
Not many tech workers there compared to Northern Virginia.
Looks Like 💩
7:18: Can somebody explain how rising interest rates influence your decision if you have enough cash to pay for the development upfront?
It makes everything more expensive for the contractors and other related companies as well.
Am I the only one that sees it a poop shape/ soft serve?
yay a giant glass poo!
Nothing good comes from Amazon, but I’ll continue to throw my money at it.
Such an incredibly inefficient floor plan. It looks cool but I can’t imagine that being economically viable.
video starts at 7min into the video
Ohhhhhhh ok ok ok I see now
So, Queens was right to rebuff Bezos.
Commenting
There's no such thing as "north america" other than a geographic landmass reference. There is Continental America, the American Region and Greater America. Bezos griminess aside, he never thought about anything other than Continental America.
North America does exist
remote jobs are better
ugly modern Architecture