Amazon’s second headquarters won’t be anywhere close to North Texas

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While Long Island City, just across the East River from Manhattan, is well-known, National Landing doesn't appear on maps.

The three locations could create some 55,000 jobs in the next two decades. The move could mean tens of thousands of high-paying jobs and millions in community investments, which would be a boon to any city.

An analysis by Good Jobs First, an economic policy resource center in Washington, D.C., found that most of the 20 cities that were finalists for HQ2, including NY, did not publicly disclose full details about the bids offered to Amazon and kept taxpayers in the dark about how their money might be used to win the deal.

How did it make its decision?

"It has access to commuter rail, mass transit, nine area highways and easy access to the airport", Tate said.

The company said it will receive "performance-based direct incentives" of $1.525 billion based on its promise to create 25,000 high-paying jobs in the NY area.

Amazon may very well deliver on all of its promises to the two HQ2 cities.

On Tuesday, the firm said the division would allow it to "attract more top talent", especially in software development, when hiring starts in 2019.

Shares in property companies expected to benefit shot up after rumours of Amazon's selections circulated this month.

Amazon is set to receive up to $1.2 billion Dollars (roughly $1.59 billion CAD) in tax credits through New York State's "Excelsior" program, as well as an additional $325 million Dollars (roughly $430.55 million CAD) as a cash grant from the "Empire State Development" fund.

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However, video posted to Twitter and broadcast on television showed a man repeatedly swinging an object at two police officers. He was said to have extremist links and had run-ins with local police over drug use and theft, according to media reports .

Considering that Amazon is hovering around a trillion-dollar market cap, some people are understandably outraged that their tax dollars are being used as the equivalent of a GoFundMe for Amazon.

The Wall Street Journal reported late Monday that Amazon (AMZN) has picked New York's Long Island City and Arlington County's Crystal City neighborhoods, citing people familiar with the matter.

So what about those tax benefits?

"We are excited to build new headquarters in New York City and Northern Virginia", Amazon founder and CEO Jeff Bezos said in a written statement.

Some of the funds will go to improve transport, parks and other infrastructure in the neighbourhoods.

Not everyone is happy with the deals Amazon made when it picked the multiple locations for its so-called second headquarters.

The company had originally said it would spend more than US$5 billion and add up to 50,000 workers at one location.

What does the decision tell us about the United States economy? It will also hire teams and executives for the new locations.

"There are places in the middle of the country that are thriving, and just because Amazon didn't pick them doesn't signal that the heartland is doomed", said Joseph Parilla, a fellow at the Brookings Institution's Metropolitan Policy Program.

The company received 238 proposals before narrowing the list to 20 in January.

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