While Virginia and D.C. officials tout Amazon’s arrival as an economic boon to greater Washington, an influx of expensive labor could pose steep costs for the area’s most vulnerable residents. From housing prices to political pressure, here are five ways Amazon’s new headquarters could affect the D.C. area...
As Amazon dangled the prospect of 50,000 jobs and economic transformation, virtually every major city in the country jockeyed to win an economic development race for the ages. But cities such as Chicago, Denver, Pittsburgh, Phoenix, Miami and Los Angeles were ultimately left empty-handed. Did those cities get played? Did they ever have a legitimate shot at winning this race?
Amazon to invest $5 billion and create more than 50,000 jobs across the two new headquarters, and announces Nashville as new Operations Center of Excellence with more than 5,000 jobs. Amazon will invest $5 billion and create more than 50,000 jobs across the two new headquarters locations, with more than 25,000 employees each in New York City and Arlington.
For more than a year, few details about the selection process for Amazon’s second North American headquarters — beyond the tech giant’s own disclosures — saw the light of day. But with Amazon’s self-imposed end-of-year deadline approaching, reports are beginning to trickle out about which contenders have the best shot to land the vaunted economic development prize.
The buzz is building for Amazon’s highly-touted HQ2, the company’s ambitious plan to build a secondary headquarters that could rival — or possibly surpass — its massive operation in Seattle. The stage is set, with 20 finalists now in the running for a new headquarters that could employ as many as 50,000 workers.
“If big tech companies are going to turn their back on US Department of Defense, this country is going to be in trouble,” Amazon CEO Jeff Bezos said Monday, defending government contracts amid a wave of employee protests.
Apple and Google have held the top two spots for six consecutive years, according to Interbrand’s Best Global Brands report, while Facebook slipped one place in 2018 to ninth after being the fastest growing brand for five years.
The splurge by tech companies is behind an upswing in capital-goods spending among big U.S. companies, which is seeing its fastest growth in years, according to a Credit Suisse analysis. The $80 billion tab also is a snapshot of why it’s tough to unseat the tech giants. How can a company hope to compete with Google’s driverless cars when it spends $20 billion a year to ensure it has the best laser-guided sensors and computer chips?
The law, passed by the state legislature on Tuesday and signed by Gov. Jerry Brown, requires companies to disclose the types of data they collect about consumers and with whom they share that information. Companies will be forced to let consumers opt-out of having their data sold. The law will also prohibit companies from charging a consumer or treating them differently because they opted out of having their data sold.
No company has been more prolific with patents than IBM. It received 9,043 patents in 2017, marking its 25th consecutive year of dominating the patent rankings -- a fact IBM is not bashful about sharing. This year, it is on pace to top 10,000 patents, according to projections provided to CNNMoney by IFI Claims.