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Amazon expected to announce ATLANTA as its new HQ2


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Atlanta developers also appear to be taking notice. Atlanta Business Chronicle reported that redevelopment of downtown Atlanta’s "Gulch" — the city’s primary site pitched for HQ2 — is moving forward with plans to develop 9.35 million square feet of office and 1 million square feet of retail space in the site near CNN Center and Philips Arena.

  The proposed Gulch development ticks many of the boxes for Amazon's proposed 8 million-square-foot second headquarters, which could create 50,000 jobs over two decades. Atlanta officials are also making a push to sweeten the Gulch site for Amazon. Two ordinances approved by Atlanta City Council offer tax incentives to developers of the site and lower costs for corporate relocation projects that create at least 8,000 jobs.
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Jeff Bezos might be coming for your hometown--depending, that is, on whom you ask.

Since Amazon announced in September that it would be selecting a new city to launch its second headquarters, experts have posited dozens of "most likely" scenarios, ranging from long-shot rural areas like Frisco, Texas, to New York City. 

One thing everyone can agree on: It will be a big win for whatever city the e-commerce company selects. Amazon plans to invest $5 billion in the project, while creating as many as 50,000 local jobs. It's received some 238 bids, with Tucson going so far as to send the company a giant, 21-foot saguaro cactus while Stonecrest, Georgia, vowed to rename itself Amazon. 

"The move to build a new headquarters [has] significant implications for the local economy of whatever city it winds up picking," explains Ari Ginsberg, a professor of entrepreneurship and management at New York University's Stern School of Business, who researches business expansion.

Amazon plans to announce the winning city early next year, and in the meantime, analysts are scrambling to make their best guesses. Ginsberg, however, suggests that the most accurate measure of probability actually lies in commercial betting websites, such as Irish bookmaker Paddy Power's. "At the end of the day, we don't know how much weight Jeff Bezos is putting on any of these factors," Ginsberg says. "Therefore, if I were to bet, I would turn to the prediction markets."

Inc. culled data from a number of sources -- betting sites, shipping experts, investors, and people familiar with Amazon, among others -- to come up with the following list of top contenders, ranked (more or less) in order of likelihood. 

1. Atlanta

Jeremy Bodenhamer runs a $13 million shipping and logistics firm, so when asked where he thought Amazon might be likely to build its next headquarters, he based his answer on what he knew: "We believe they will select Atlanta." Bodenhamer says the Georgia capital's network of talent--particularly veteran logistics experts, as UPS is already based there--is the main draw. Indeed, among the most important factors to the e-commerce giant, as outlined in a document back in September, is a deep pool of technical talent, as well as convenient access to mass transit and an international airport.

Of course, Bodenhamer -- whose business, ShipHawk, is based in Goleta, California -- could be wrong. But Amazon would benefit from the city's comparatively low cost of living and available real estate. Nearby Alpharetta, Georgia, for instance, is fast becoming its own entrepreneurial center. Paddy Power currently ranks Atlanta as the No. 1 "bet" to place for Amazon's so-called HQ2, placing the odds at 3:1 as of publication.

2. Chicago

The Windy City has much to offer Amazon. Its central location, network of existing businesses, and supportive political infrastructure make it a top prediction for Bradley Tusk, the founder of the New York City-based political strategy and venture firm Tusk Ventures. Still, one drawback may be the city's endemic financial woes; the state of Illinois is now grappling with $15 billion in unpaid bills, and as much as a quarter-trillion dollars is owed to public employees when they retire. Tusk goes so far as to say "the city and state are on the verge of financial collapse," in an email interview with Inc. Paddy Power places Chicago's odds at a tepid 16:1, coming up behind dark horses Toronto and Pittsburgh. Perhaps to compensate, the city has reportedly offered to give $1.32 billion in income taxes collected from Amazon workers back to the company.

3. Austin

With success stories including Whole Foods emerging from the Texas hub, it's not surprising that analysts are bullish on Austin's chances. Matt McIlwain, the managing director at Seattle-based investment firm Madrona Venture Group, says the city's relative strength in the grocery and retail sectors make it an attractive location, especially as the company continues to experiment with its Amazon Fresh delivery service. Tusk, meanwhile, suggests that Austin's friendly regulatory environment is a big pro. Paddy Power agrees with the venture capitalists, placing Austin's odds at 7:1, just behind Atlanta.

4. Philadelphia

The city's mayor recently told reporters that Philadelphia represents a "Goldilocks zone" for the e-commerce giant, and he may not be wrong. In a report released in October, Moody's Analytics ranked the City of Brotherly Love as the third-most ideal location for Amazon, coming up just behind Austin and Atlanta, while NYU's Ginsberg suggests that Philadelphia is the city that most often appears across these varied analyses. In addition to its proximity to Eastern hubs including New York City and Washington, D.C., Philadelphia and the surrounding metro area includes dozens of prominent universities, including the University of Pennsylvania and Drexel. Plus, suggests Tusk, Amazon would get some credit for investing in a city that has struggled with issues such as income inequality and public safety. Paddy Powers give the city odds of 16:1.

5. Boston

The Massachusetts capital has one of the best chances of being selected, according to a recent report in the WSJ, which combined Amazon's criteria, interviews with site-selection experts, and those familiar with the company's thinking to come up with its own list. The Boston area is, of course, home to major universities including Harvard, MIT, and Boston University, which means that Amazon could have its pick of highly qualified tech graduates. Meanwhile, the Journal found that the city is in solid financial shape, especially when compared with Chicago and Philadelphia. Madrona Venture's McIlwain notes that Boston is especially strong in the machine learning and artificial intelligence sectors, which is likely to attract Amazon as it continues to build out its virtual assistant and Echo smart speaker. (Just last week, the company unveiled its Alexa for Business assistant.) Paddy Power ranks Beantown alongside Austin, giving the city odds of 7:1.

6. Washington, D.C.

The nation's capital might be just the city to watch. In spite of its comparatively high cost of living and labor expenses, Washington, D.C., counts a young, highly educated work force. Plus, it could behoove Amazon to be proximate to Congress as many on Capitol Hill seek to regulate tech companies more highly. Of course, the city is also home to TheWashington Post, which Jeff Bezos already owns. "Washington, D.C., is the odds-on favorite for Amazon's second headquarters," suggested Richard Florida, a business professor at the University of Toronto in an October interview with USA Today. Paddy Power isn't as sure: The site puts D.C.'s odds at 14:1.

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According to Irish bookmaker Paddy Power, a clear favorite has emerged in the race, and they think the world’s largest Internet retailer has Georgia on its mind.

Paddy Power has made Atlanta a 2-1 favorite in the race for the facility known as HQ2, putting them far ahead of the other suitors the betting firm is taking wagers on through their online sportsbook. Other top picks include Austin (11-4), Philadelphia (7-1), Boston (8-1), and Toronto (9-1).

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http://www.businessinsider.com/amazon-headquarters-atlanta-bid-hq2-2017-12

 

Amazon may have just dropped a clue about the home of its new headquarters — here's what we know about Atlanta's proposal so far

 

  • Amazon is sending a lobbyist to Georgia before the start of the state's legislative session next month.
  • The move has spurred rumors that Amazon could pick Atlanta as the site for the company's $5 billion second headquarters, known as HQ2.
  • Though Georgia's bid has not yet been made public, Governor Nathan Deal has implied that the state is aggressively pursuing HQ2 with economic and infrastructure incentives.
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12 minutes ago, TampaChinnodu said:

naadi em vundi le.

Dallas lo desi vuncles already full gaa konesaru lands Amazon vachesthundi ani.

Dallas ekkada list lo kooda choodaledu etla konnaru..

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