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Amazon to split HQ2 between two cities, WSJ reports

·Reporter
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Amazon (AMZN) is said to be splitting its second headquarters between two cities rather than selecting one location, the Wall Street Journal reported Monday, citing an unnamed person familiar with the matter.

The e-commerce giant would divide the workforce to place 25,000 employees in each city, according to the WSJ report. A decision could come as early as this week.

The Seattle, Washington-based company first announced its HQ2 project in September 2017. The company said it expected to invest over $5 billion in construction and create as many as 50,000 high-paying jobs for the second headquarters.

“It will be a full equal to our current campus in Seattle,” the company said in a previous statement.

Last year’s HQ2 announcement sparked a competition among more than 200 cities vying to win over the online behemoth. Many cities took up a charm offense for the high-stakes bid, with Tucson, Arizona sending Amazon CEO Jeff Bezos a 21-foot-tall cactus and other communities including Newark, New Jersey and Montgomery County, Maryland offering major tax breaks for the corporation.

Amazon narrowed the options down to 20 finalists earlier this year. The Wall Street Journal reported Sunday that the company was in late-stage talks with several communities including Crystal City in Virginia, Dallas, and New York City.

An Amazon spokesperson declined to comment about the company’s plans.

In this Sept. 13, 2018, file photo Jeff Bezos, Amazon founder and CEO, speaks at The Economic Club of Washington’s Milestone Celebration in Washington.(AP Photo/Cliff Owen, File)
In this Sept. 13, 2018, file photo Jeff Bezos, Amazon founder and CEO, speaks at The Economic Club of Washington’s Milestone Celebration in Washington.(AP Photo/Cliff Owen, File)

Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter: @emily_mcck

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