Austin, Texas is the new home to Amazon’s second headquarters, nicknamed “HQ2.” The tech giant recently announced plans to open a $1.4 billion facility in the city, and the move is expected to bring more than 50,000 new jobs to the area.
The new facility will be located in an area known as “The Domain,” which is a large shopping and entertainment center located just north of downtown Austin.
The area already houses many large employers such as Apple, Dell, and IBM. Amazon’s location in The Domain will be on a fifty-acre plot of land that will feature two office towers and a separate warehouse space. This will give Amazon the room they need to expand their operations and grow their workforce.
Amazon’s choice of Austin for their second headquarters was based on several factors including the city’s talent pool, infrastructure, and quality of life. Austin is home to many universities and colleges, giving Amazon access to a large pool of potential employees with specialized skillsets. In addition, Austin’s infrastructure is well-developed, making it easy for Amazon to transport goods from their warehouses quickly and efficiently.
The move has been largely welcomed by local officials who are looking forward to the economic boost it will bring to the city. In addition to the 50,000 jobs that Amazon is expected to create directly at their facility, experts estimate that another 100,000 jobs could be created indirectly through the addition of service industries such as restaurants and hotels that cater to both employees and customers of Amazon.
Conclusion:
With its strong talent pool, infrastructure and quality of life, Austin was an ideal choice for Amazon’s second headquarters. The $1.4 billion investment in The Domain area is expected to create over 150,000 jobs directly or indirectly – a major economic boon for Austinites that may prove difficult for other cities or states in Texas to compete with.