Amazon (Nasdaq: AMZN) has officially chosen New York’s Long Island City and Northern Virginia’s Arlington to accommodate its new headquarters with plans to invest $5B and generate at least 50K jobs across the two sites.
“These two locations will allow us to attract world-class talent that will help us to continue inventing for customers for years to come,” Jeff Bezos, Amazon founder and CEO, said in a statement published Tuesday.
The Seattle-based e-commerce firm will respectively get $1.525B and $573M worth of performance-based direct incentives in exchange for job creation efforts in Long Island City and National Landing site in Arlington.
Amazon intends to set up a 4M-square-foot office facility in each of the two locations with plans to expand those spaces to 8M square feet.
The company said it expects the HQ investment and job creation initiatives to bring more than $10B in incremental tax revenue to New York City and $3.2B to Virginia in the next two decades.
Amazon also announced Tuesday that it selected Nashville, Tenn., to house its new operations center of excellence that will serve as the company’s eastern U.S. regional hub for the retail operations division’s management and technology functions.
The city of Nashville will offer up to $102M worth of incentives contingent on the company’s creation of up to 5K jobs and investment of more than $230M in the area.
Amazon will kick off hiring at the two HQ sites and Nashville location in 2019.