AGL 40.05 Increased By ▲ 0.02 (0.05%)
AIRLINK 127.80 Increased By ▲ 0.10 (0.08%)
BOP 6.67 Increased By ▲ 0.06 (0.91%)
CNERGY 4.45 Decreased By ▼ -0.15 (-3.26%)
DCL 8.67 Decreased By ▼ -0.12 (-1.37%)
DFML 41.15 Decreased By ▼ -0.43 (-1.03%)
DGKC 86.00 Increased By ▲ 0.21 (0.24%)
FCCL 32.44 Decreased By ▼ -0.05 (-0.15%)
FFBL 64.50 Increased By ▲ 0.47 (0.73%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 112.60 Increased By ▲ 1.83 (1.65%)
HUMNL 14.83 Decreased By ▼ -0.24 (-1.59%)
KEL 5.05 Increased By ▲ 0.17 (3.48%)
KOSM 7.35 Decreased By ▼ -0.10 (-1.34%)
MLCF 40.34 Decreased By ▼ -0.18 (-0.44%)
NBP 61.08 Increased By ▲ 0.03 (0.05%)
OGDC 193.80 Decreased By ▼ -1.07 (-0.55%)
PAEL 26.80 Decreased By ▼ -0.71 (-2.58%)
PIBTL 7.26 Decreased By ▼ -0.55 (-7.04%)
PPL 152.50 Decreased By ▼ -0.03 (-0.02%)
PRL 26.15 Decreased By ▼ -0.43 (-1.62%)
PTC 16.10 Decreased By ▼ -0.16 (-0.98%)
SEARL 85.49 Increased By ▲ 1.35 (1.6%)
TELE 7.67 Decreased By ▼ -0.29 (-3.64%)
TOMCL 36.77 Increased By ▲ 0.17 (0.46%)
TPLP 8.80 Increased By ▲ 0.14 (1.62%)
TREET 16.80 Decreased By ▼ -0.86 (-4.87%)
TRG 62.19 Increased By ▲ 3.57 (6.09%)
UNITY 28.15 Increased By ▲ 1.29 (4.8%)
WTL 1.33 Decreased By ▼ -0.05 (-3.62%)
BR100 10,088 Increased By 88.1 (0.88%)
BR30 31,149 Increased By 146.9 (0.47%)
KSE100 94,679 Increased By 486.6 (0.52%)
KSE30 29,396 Increased By 195 (0.67%)

Amazon.com Inc has short-listed 20 cities and regions, including one in Canada, for the construction of a second headquarters that it says will generate 50,000 new, high-paying jobs. Major US centers including New York City, Los Angeles, Chicago and Washington DC were on the list announced on Thursday, along with Toronto and smaller cities such as Raleigh, North Carolina, and Columbus, Ohio.
The others that met the company's criteria were Atlanta, Austin, Boston, Chicago, Dallas, Denver, Indianapolis, Miami, Montgomery County in Maryland, Nashville, Newark, Northern Virginia, Philadelphia, and Pittsburgh. Cutting down the list from 238 locations that initially bid, the announcement was broadly in line with expectations and is the first stage in a fight over the thousands of jobs and billions in secondary investment and revenue the "HQ2" will bring. Following Apple's announcement on Wednesday that it would build a new campus and create 20,000 new jobs as part of a $30 billion investment, it also underlines the growing power of US technology companies over the economy. Amazon promised when it launched bidding in September that the new headquarters, an equal of its Seattle head office, would create up to 50,000 jobs averaging more than $100,000 in annual compensation over the next 10 to 15 years.
Some bidders have already gone public with promises of billions of dollars in tax breaks for the tech giant if they were chosen.

Copyright Reuters, 2018

Comments

Comments are closed.