Amazon clarifies: It's Triangle, not just Raleigh on HQ2 shortlist

Angelo Anderson
January 23, 2018

"I want to thank the Governor for his strong support for our compelling case to Amazon for locating their second world headquarters in Montgomery County", said Montgomery County Executive Leggett.

The Post, which is owned by Amazon CEO Jeff Bezos, came up with a "quick and dirty" list of three main criteria for selection, and compared how finalist and non-finalist cities stacked up. The regional partners backing those bids have not made specific locations - or much else about the proposals - public, at the risk of losing a competitive advantage.

Whenever a national group refers to the Triangle as "Raleigh-Durham", it inevitably draws ire from residents of both Durham and Raleigh, who correctly insist the cities are quite different. The Durham Chamber handles economic development projects for Durham County. "On Friday evening, Amazon confirmed what we had anticipated, and it was in fact the entire region (including Durham) that was selected to advance".

The benefits could technically apply to any company that qualified, though the package is tailored to what Amazon said it would provide for HQ2.

Durham has been part of a separate metropolitan area from Raleigh since 2003, when the U.S. Census Bureau created one metro area centered on Durham-Chapel Hill and another called Raleigh-Cary. Meanwhile, the impact will be smaller in metros with large housing stocks such as Washington, D.C., Los Angeles, Dallas and NY, with additional annual rent growth projected at or below 0.5 percent a year. In the South, Miami and Atlanta joined Raleigh and Nashville on the list.

The company had stipulated that it was seeking to be near a metropolitan area with more than a million people; be able to attract top technical talent; be within 45 minutes of an global airport; have direct access to mass transit; and be able to expand that headquarters to as much as 8 million square feet in the next decade. Likewise, Amazon's competitor in the retail market, Walmart, is notorious for scooping up development grants, tax abatements, and any other form of pork it can from the jurisdictions where it sets up shop. (New Jersey had offered the company $7 billion, but the state failed to make the final cut.) Yet every dollar the governor is offering will have to be paid by someone.

Other reports by Iphone Fresh

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