Everything we know about Amazon's HQ2 search

The Amazon Spheres are seen from Lenora Street the Space Needle in the background at AmazonÕs Seattle headquarters in Seattle

Amazon in 'advanced talks' to build new HQ near DC

"If HQ2 came to NY, with its influx of tech workers, the campus could exacerbate several problems that already plague the city, including high housing prices, overpopulation, and gridlock - all things Seattle, Amazon's home, has seen since the company arrived in the late 1990s", Business Insider's Leanna Garfield reported in January 2018.

Amazon will reportedly split its second headquarters project, known as HQ2, among two cities, both the Wall Street Journal and The New York Times reported on Monday.

Choosing D.C. and NY "is a repudiation of all these stories about Silicon Valley getting too expensive, and that there are 20 different cities where you could successfully operate a tech company", said Greg Bialecki, a principal at the real estate firm Redgate, and a former MA housing and economic development secretary.

Officials from the city toured the neighborhood with Amazon executives three times in April, July and September. But the decision is very much in line with two things Amazon had said all along. And be sure to leave a comment with your thoughts and feelings about Amazon's new digs in Western Queens. Driving the change of plans were concerns about meeting the demand for tech talent and the strain such rapid growth would put on the host city's housing market.

Amazon already has a presence in both alleged HQ2 cities. NY and suburban Washington, D.C. - both of which already have substantial Amazon operations.

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Jay Ash, the economic development chief in MA, said Tuesday that he's had "no recent contact" with Amazon about a headquarters in Boston, but his office is still talking with the company about other opportunities. But while Amazon would have competitive advantages thanks to its deep pockets and reputation as an innovator, it could wind up increasing the number of engineers, data scientists and other specialists.

The newspapers cited unnamed people familiar with the matter. "On balance it would improve the pool of talent we have".

Less potential downside in this case also means less potential upside.

But, as one Wall Street Journal source noted, Amazon is "anything but predictable", meaning the company might go in a different direction altogether. "As a leading innovator across a range of industries, Amazon will draw other companies that want to poach its well-trained talent and who want to tap into the resources of the company". He noted that while these other companies come with tremendous economic gain, they aren't at such a size that they fundamentally disrupt Denver's business ecosystem. Amazon could have chosen a single metropolitan region but still had to negotiate with multiple states and local governments for tax incentives. As Mac Clouse, a finance professor in the Daniels College of Business at the University of Denver, points out, numerous qualities Amazon said it wanted in a city described Denver pretty accurately.

The Times reports that Gov. Andrew Cuomo met with Amazon executives in Manhattan last month to hammer out some details for the company's prospective move to Queens, which will likely include massive economic incentives. In Denver, 16 percent said they were somewhat or strongly opposed to having Amazon to set up shop there. "It reflects the continuing relative decline of finance and the growth of information-based industries".

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