A new headquarter or campus for a major company could have tremendous impact not only for employees of the company but also for the city where the HQ will reside. Thousands of employees coming to a new area could mean new restaurants, retail stores, and other businesses to cater to the influx of people moving to the area; it could also have a potential impact on the real estate in the area.

 

Exxon Mobil’s Woodlands campus

Exxon Mobil’s Woodlands campus (WLS)

My hometown of The Woodlands, Texas saw this very situation come to reality when oil giant ExxonMobil built a gargantuan 385-acre campus in the city. The campus which has been described by The Houston Chronicle as “a city within a city” has seven different office buildings, a 100,000 square foot wellness center, 28 different dining options from all types of cuisine, a retail district  (including a grocery store, frozen yogurt, salon, dentist office), and a child development facility.

 

The work and groundbreaking research done within the campus that employs 9-10,000 people is worth noting, too. According to Exxon Mobile, to be environmentally friendly, the campus is equipped with natural light and water usage is 80 percent non-potable.       

 

A photo about Amazon's investments in Seattle, from 2010 to 2016

Amazon’s investments in Seattle, 2010-2016 (amazon)

One lucky city among 20 shortlisted cities throughout North America, will soon have an influx of new residents and communities, because of Amazon’s announcement last year that it will be opening a second headquarters. Billed as being a “full equal” to the current 33 building, 8.1 million square foot headquarters in Seattle, HQ2 will provide up to 50,000 jobs as well as several thousand more jobs to the surrounding areas.

 

According to Amazon, their HQ2 will provide a total of $38 billion in “additional investments in the local economy,” and $25.7 billion in compensation to employees, meaning more economic incentives for whichever city is selected. Los Angeles, New York, Boston, Austin and even Miami, has made the short list of 20 cities. Toronto has made the list as well; this could help Amazon operate more internationally, and beyond the American market. 

 

Irrespective of the unique advantages each prospective city offers, they are all required to go through a competitive selection process to become second home to Aamzon. I look forward to following Amazon’s review process  (to the extent that it is publicized), as their final selected city will benefit greatly in more ways than one.

 

Are you hoping that Amazon’s HQ2 is built in your city? If so, tweet me which city at @CaptainKasoff on Twitter.