The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
Amazon announced it has selected New York City and Arlington, Virginia, as the locations for new headquarters, with hiring at both locations beginning in 2019.
Amazon will invest $5 billion and create over 50,000 jobs across two new headquarters. It selected Nashville as new operations center of excellence with over 5,000 jobs. The Washington DC metro headquarters in Arlington will be located in National Landing. Amazon will receive performance-based direct incentives of $573 million based on company creating 25,000 jobs with an average wage of over $150,000 in Arlington. The New York City headquarters will be located in the Long Island City neighbourhood in Queens. Amazon will receive performance-based direct incentives of $1.525 billion based on the company creating 25,000 jobs in Long Island City.