Commentary: St. Louis\' Innovations Make It Perfect Place For Amazon

Amazon.com is shopping for a city to house a second headquarters — and mayors across the country already are lining up to bid on the crown-jewel prize.

The online retailing giant’s new campus would deliver an economic boost well beyond the $5 billion in construction costs and 50,000 jobs anticipated at Amazon’s “HQ2.” Not only would Amazon’s direct spending at its future second home be the stuff of city planner dreams, but there’s also the indirect benefit created by spawning more business for suppliers, nearby vendors and others.

It would be particularly rewarding for Los Angeles, which has suffered an exodus of corporate headquarters in the last two decades because of the area’s relatively high business taxes and housing costs.

“I welcome the opportunity to compete for this remarkable investment, and the tens of thousands of good-paying jobs it is sure to bring with it,” Los Angeles Mayor Eric Garcetti said in a statement Thursday.

Source : http://www.latimes.com/business/la-fi-amazon-headquarters-20170907-story.html

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