Amazon is currently looking for a place to build it's $6 billion headquarters, which can also create 50,000 jobs. The HQ2 is a complete headquarter, rather than a satellite office.
Texas seems primed to land the HQ2 now. The “low taxes, low services” policy in Texas provide a huge advantage. Texas government don’t gather Personal Capital Gain Tax, and Corporate Income Tax is very attractive to a large company like Amazon. Moreover, Amazon just acquired Whole Foods Market, headquartered in Austin, and made Texas the foundation to compete with Walmart and H-E-B.
The competing cities in Texas include Dallas, Fort-worth, Austin, Houston, and San Antonio.
Dallas already attracted Toyota, JP Morgan Chase, Liberty Mutual Insurance, FedEx, Boeing and other large corporations by its beneficial policy. ExxonMobil and AT&T are also headquartered in Dallas. This time, Dallas will also not easily give up the chance to welcome another large corporation.
Other major cities in U.S join the competition include New York, Chicago, Boston, and Toronto.
- Li Chen
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