*By Conor White* The 20 cities still vying for Amazon's second-headquarter bid are making what could be their final pitches for the project. Many have speculated that the company will narrow the list any day, and one contender, Newark, NJ, is all in. "We're kind of New York City without the New York City pricing," said Aisha Glover, the president and CEO of the Newark Community Economic Development Corporation. Nearly 240 cities in the U.S., Canada, and Mexico originally submitted bids for HQ2, and Amazon [narrowed the list](https://www.amazon.com/b?ie=UTF8&node=17044620011) in January. Newark is not only competing with its cross-river neighbor, but also name brand locations like Washington, D.C., Miami, and Los Angeles. Nevertheless, Glover said Tuesday in an interview on Cheddar that her city is optimistic, especially after it dangled a $7 billion incentive package in front of Amazon. Critics have [panned the offer](https://www.washingtonpost.com/business/economy/newark-is-a-long-shot-finalist-for-amazons-hq2-experts-worry-it-cannot-afford-its-all-in-bid/2018/06/29/173d3772-6e7c-11e8-bd50-b80389a4e569_story.html?utm_term=.3d740eee5c1c), saying it could bankrupt Newark, but Glover maintained the plan is solid. "Because we're talking about 50,000 jobs and ultimately 8 million square feet of space, the reason why you're kind of creeping up to higher numbers is because your payroll tax waiver is per employee, your property tax abatement is really based upon size, so it's really just an issue of scale," she said. Glover noted that, beyond the 50,000 jobs Amazon is promising, as many as 100,000 indirect jobs could be created. The CEO believes Newark can handle it, largely thanks to cooperation from the rest of the state. "The entire county of Essex County, which Newark is in, is the size of Seattle," Glover said. "So, we're not just looking at Newark when we're talking about housing options." Seattle, home to Amazon's original HQ, has seen [homelessness skyrocket](https://www.huffingtonpost.com/entry/amazon-holding-seattle-hostage_us_5af5ba76e4b032b10bfa4285) in the last few years, partially because Amazon's success has raised real estate prices, pushing out some early residents. Glover is aware of the risks, but she said Newark is prepared. "If we didn't have concerns, then we would be naive." Amazon is expected to announce the location of HQ2 by the end of 2018. For full interview [click here](https://cheddar.com/videos/newark-makes-its-case-for-amazon-hq2).

Share:
More In Business
Watchdog Slams IRS Identity Theft Case Delays as “Unconscionable”
An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases. And National Taxpayer Advocate Erin Collins says those delays are “unconscionable.” Erin M. Collins said in the report released Wednesday that overall the 2024 filing season went smoothly, though IRS delays in resolving identity theft victim assistance cases are worsening. It took nearly 19 months to resolve self-reported identity theft cases as of January, and Wednesday's report states that now it takes 22 months to resolve these cases.
A.I. Investments Carry Amazon Over $2 Trillion Valuation Threshold
Amazon.com Inc. surpassed $2 trillion in market value for the first time in afternoon trading on Wednesday. The push higher for Amazon’s stock market valuation comes a little more than a week after Nvidia hit $3 trillion and briefly became the most valuable company on Wall Street. Nvidia’s chips are used to power many AI application and its valuation has soared as a result. Amazon has also been making big investments in AI as global interest has grown in the technology. Most of the company’s focus has been on business-focused products.
Load More