More than 50 cities across North America are vying to become the home of Amazon's new headquarters.
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50 cities are in a bidding war for Amazon's newest headquarters — but there could be a downside for whoever wins
Amazon will bring 50,000 jobs with its new headquarters. But it would likely receive hefty government subsidies that could weigh down the city it chooses.
On the surface, the proposition sounds great for the city that gets it. When the e-commerce giant said in early September that its HQ2 would bring 50,000 jobs, mayors from Toronto to New York City to Los Angeles immediately expressed interest.
But Amazon's HQ2 could have a downside. It would bring loads of jobs, but cities would likely pay for some of them in the form of subsidies.
When Amazon has come to other cities across the United States, it has often accepted economic incentives.
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From 2005 to 2014, the company received at least $613 million in local government subsidies to build warehouses, report
As Motherboard points out, Amazon will likely choose a city that offers subsidies or tax breaks. Amazon's proposal guidelines say that the company may require "special incentive legislation" in order "
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