Bidding for Bezos: Raleigh, NC Mayor Weighs in on Amazon HQ2

Amazon plans to invest over $5 billion and create 50,000 jobs for its new headquarters. Amazon HQ2 could ultimately change the economic trajectory of the winning city for years to come. Nancy McFarlane, Mayor of Raleigh, North Carolina, was with us to discuss the city's chances. Amazon culled its list down from 238 to 20, Raleigh among them. Mayor McFarlane shared what she believes landed her city on the short list. The Mayor stressed that Raleigh is a great environment for a tech company to grow. Tech jobs in Raleigh have grown 38.5% from 2010-2015, second only to San Francisco and ahead of Austin, Boston, and other innovation hubs. Amazon's presence transformed the real estate market in Seattle. In July, home prices in the city increased 13.5% compared to last year, according to reports. Mayor McFarlane said it would be part of the discussion if Amazon were to move in because maintaining affordable housing is a priority, but careful planning would help avoid the displacement of residents.

More In Business

Taylor Swift Threatens to Sue the College Student Tracking Her Private Jet

Taylor Swift’s camp is hitting Jack Sweeney, a junior at the University of Central Florida, with a cease-and-desist letter that blamed his automated tracking of her private jet for tipping off stalkers as to her location.

BetMGM Is Betting Big on Super Bowl LVIII

Adam Greenblatt, CEO of BetMGM shares the company’s plans for the big game, the growth of sports betting across the U.S., and more.

A.I.-Assisted Search and ‘Unhinged’ Marketing: The Future of Digital Marketplaces

Courtney Chow, Battery Ventures Vice President, breaks down why there are still new opportunities for digital marketplaces to grow.

Why Now Is a Good Time to Invest

Surprise, surprise: tech is still the sector to watch, according to Karyn Cavanaugh, Chief Investment Officer at Carolinas Wealth Management. Learn how to properly diversify your portfolio.

Is This Picture Real or AI? Meta Will Answer That For You

Facebook and Instagram users will start seeing labels on AI-generated images in their feeds. Hopefully this will save time for everyone zooming in each picture to see how many fingers someone's hand has.

Why Now is a Crucial Time to Pay Off Credit Card Debt

Inflation and loans and rates — oh my! If you're dealing with credit card debt, you aren't alone. These are some ways to pop the debt balloon.

Safety Recalls for Two Automakers: Are You Affected?

Drivers of these recalled vehicles who don't read this article will know they're affected starting March 18.

Seabound Wants to End Commercial Shipping Emissions

Alisha Fredriksson, CEO and co-founder of Seabound, discusses the carbon capture company’s successful maiden voyage and its plans for growth.

Where Does Spotify Go From Here?

Seth Schachner, Managing Director at StratAmericas, weighs in on Spotify earnings and why that headline-grabbing deal with Joe Rogan could be worth that $250 million.

Advice to Investors: ‘Stay the Course,’ Don’t ‘Freak Out’

Mitch Roschelle, Managing Director at Madison Ventures, shares why investors may be waiting longer than expected for those interest rate cuts, and why he’s watching tech, oil, and homebuilder stocks.

Load More