Proactive Investors - Run By Investors For Investors

Amazon.com planning to spend up to US$5bn on second North American HQ

Amazon is about to become a two-headed monster, as it is planning a second HQ in North America
Amazon building
Can a company have two headquarters?

Seattle-based online retail giant Amazon.com Inc (NASDAQ:AMZN) is looking for a second operational hub in North America.

The company's chief executive, Jeff Bezos, said the hub, dubbed HQ2, would “be a full equal” to is Seattle headquarters.

The company, well known for its ability to keep money out of the clutches of the tax man, said it would seek proposals from local and state government leaders interested in having the headquarters in their area.

The company expects to employ up to 50,000 people in the new base, and spend more than US$5bn on its construction and operation.

View full AMZN profile View Profile

Amazon.com Timeline

Newswire
February 14 2019

Related Articles

Drain
December 18 2018
MetroRod has been in operation for 30 years but only became a franchise relatively recently
Scans and MRI
November 28 2018
The firm's subsidiary, Imaging Biometrics, recently appointed a South Korean distributor a few weeks after receiving the first commercial order for its StoneChecker technology
H&T
December 03 2018
“I think customers are seeing that we do offer value and that really is the answer,” said chief executive John Nichols
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use