The Battle for Amazon's HQ2 Heats Up, But is Winning Worth it?
Amazon announces the 20 cities that are still in the running for its second headquarters. The tech giant promises an economic boost of $5 billion to the winning city, but when you factor in the tax incentives the cities are offering Amazon, is it actually worth it?
Todd Bishop, Co-Founder and Editor at Geekwire, explains why the fight to win HQ2 could hurt the mid-size cities still in the running.
When asked where he believes Amazon will set up shop, Bishop points to the Washington, D.C. area and the New York City area. Both metro centers have at least two cities in the running. Bishop also notes that Toronto, the only non-U.S. city on the list, has a strong chance as well.
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Don’t panic just yet, but it's starting to look like the economy is slowing down… AKA heading into what one analyst calls a ‘mild form of a recession.’