Amazon to Build Second Headquarters for More Than $5 Billion

Considering how fast Amazon.com Inc. has been growing and how big the company is today, it’s not surprising that the online retail giant is looking to build a second quarters dubbed Amazon HQ2.

Amazon Inc. is searching for a city to build a second headquarters in that will be just as big as the one it has in Seattle right now.

The company announced on Thursday that it intends to put more than $5 billion towards building and operating it. There could be as many as 50,000 employees at the new headquarters with an average yearly salary of over $100,000. At its Seattle headquarters, the company currently has 40,000 employees.

“We expect HQ2 to be a full equal to our Seattle headquarters,” CEO Jeff Bezos said in a statement.

“Amazon HQ2 will bring billions of dollars in up-front and ongoing investments, and tens of thousands of high-paying jobs. We’re excited to find a second home.”

Disclaimer: We have no position in Amazon.com, Inc. (NASDAQ: AMZN) and have not been compensated for this article.

Sofia Vida

Sofia has been writing for major news outlets for over 15 years. In her spare time she enjoys hiking, walking her dogs, and going to concerts.

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