- Amazon formally announced this week that it would split its second headquarters — the highly sought-after HQ2— between Queens, New York, and Arlington, Virginia.
- The news has been met with lots of backlash from not only residents and politicians concerned about HQ2’s potential effect on housing prices and city infrastructure, but some in the tech industry upset about Amazon’s shady decision-making process.
- As part of the deal to land HQ2, the two cities wooed Amazon by offering millions of dollars in tax breaks and cash grants. One tech executive described these monetary incentives as ” blatant loot” that Amazon was taking from cities.
Amazon CEO Jeff Bezos is losing face in the tech community, if the reaction on Twitter from fellow industry leaders to Amazon’s HQ2 decision-making process is any indication.
The 14-month process of selecting a location for Amazon’s highly anticipated new headquarters, known as HQ2, ended on Tuesday, when the tech giant said it would be split between two cities: Queens, New York, and Arlington, Virginia.
The investment that Amazon had promised for the chosen HQ2 home — $5 billion and 50,000 jobs — will be split between the two…