Jessica Sabbath// November 13, 2018//
It’s official.
Half of Amazon HQ2 is coming to Northern Virginia.
The company will invest about $2.5 billion and create 25,000 jobs over 12 years.
The new headquarters will be housed in National Landing, which includes portions of Pentagon City and Crystal City in Arlington and Potomac Yard in Alexandria.
Amazon will establish another headquarters location in the Long Island City neighborhood in Queens, New York. That investment also is expected to create 25,000 jobs. Also on Tuesday, Amazon announced it would establish an Operations Center of Excellence in Nashville with more than 5,000 jobs.
Virginia says the investment is expected to generate $3.2 billion in new state general fund revenues over a 20-year incentive term with Amazon. In addition to the 25,000 jobs, Virginia estimates the investment will create 22,000 permanent, direct and indirect jobs in Virginia.
Amazon is expected to begin hiring in 2019.
Northern Virginia’s proposal included four sites in Alexandria, Arlington County, Fairfax County, and Loudoun County.
National Landing, the winning location, was proposed as a joint partnership between Alexandria and Arlington. It is located less than three miles from Washington, D.C. It is served by three Metro stations and commuter rail. Reagan National Airport is within walking distance.
As part of the commonwealth’s long-term incentive agreement with Amazon for the creation of at least 25,000 jobs, Virginia will:
To support the growth of the technology sector across the commonwealth, Virginia will:
This story will be updated throughout the day.