Egypt, Elsewedy review progress on Ain Sokhna phosphate complex    US employment cost index 3.6% up in year to June 2025    Egypt welcomes Canada, Malta's decision to recognise Palestinian state    Pakistan says successfully concluded 'landmark trade deal' with US    Sterling set for sharpest monthly drop since 2022    Egypt, Brazil sign deal to boost pharmaceutical cooperation    Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Egypt exports first high-tech potato seeds to Uzbekistan after opening market    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    I won't trade my identity to please market: Douzi    Sisi sends letter to Nigerian president affirming strategic ties    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Amazon weighs Boston in search for second headquarters
Published in Amwal Al Ghad on 13 - 09 - 2017

Several senior Amazon.com Inc. executives advocate putting a second headquarters in Boston, according to a person briefed on the matter.
Last week, Amazon unveiled plans to open a new base and invited states and local governments to submit proposals. While other cities may ultimately win out, Boston is being considered for its proximity to Harvard University and Massachusetts Institute of Technology, an airport with nonstop flights to Seattle and Washington, D.C., and a lower cost of living than many other big cities, said the person, who requested anonymity to discuss an internal matter.
Amazon said every city remains "on an equal playing field."'
"We are energized by the response from cities across North America who have already reached out to express their interest," Amazon said in an email. "There are no front-runners as this point. We are just getting started with the process."
Amazon already has a close association with Boston, having purchased local robot-maker Kiva Systems Inc. for $775 million in 2012.
The e-commerce giant plans to add 900 jobs to a new office along Fort Point Channel in the spring, close to new headquarters being built for General Electric Company, which is focusing on the so-called Internet of Things.
MIT recently announced a major breakthrough on voice-activated technology that could be of interest to Amazon, which sells the Echo smart speaker.
Last week, Boston Mayor Marty Walsh tweeted his enthusiasm: "It's an incredible opportunity — $5 billion of investment and 50,000 new jobs."
A few years ago, Amazon executives discussed building a second headquarters in Toronto because two decades of rapid growth had left the company feeling constrained in Seattle.
But global consumer chief Jeff Wilke objected and said the new location should be in the U.S., the person said. Amazon disputed that Wilke expressed that view.
The internal discussion shows Amazon was privately considering expanding beyond Seattle at the very time it was securing approvals for new office towers in its hometown.
While Amazon has boosted the local economy and set in motion a construction boom, critics say middle-income people are getting priced out and that Amazonians are clogging city streets.
Amazon says its new headquarters will cost $5 billion and create 50,000 jobs over the next 15 to 17 years. The move borrowed a page from Amazon's online marketplace playbook: when sellers compete, buyers win. Politicians around the country and in Canada eagerly expressed interest.
Proposals are due October 19 with Amazon scheduled to make a decision next year. Criteria include a metropolitan area of at least one million people with an airport offering convenient flights to Seattle and Washington, D.C.
Picking Boston would disappoint many Amazon employees with families hoping for a more suburban location like Austin, Texas, that offers affordable housing options beyond apartments and condominiums, said Brittain Ladd, a supply chain consultant who used to work for the company and still knows a lot of people there. What's more, Austin is home to Whole Foods, recently acquired by Amazon for $13.7 billion.
"Texas is absolutely the best choice from the perspective of associates," Ladd said. "Amazon associates are sick and tired of living in cities with high rents and congestion."
Even though some Amazon executives favor Boston, the search means the company can consider other locations and tax deals if the Massachusetts city doesn't offer favorable conditions, the person said.
Source" Bloomberg


Clic here to read the story from its source.