Amazon said it won’t reopen its search for a second headquarters after pulling out of New York City, but who’s to say that Newark and other shortlisted cities will just quietly step aside?
Commercial real estate faces no shortage of disruptive forces, a panel of industry leaders told NAIOP New Jersey last week, citing everything from ridesharing services and automation to changing corporate and consumer preferences.
Newark city officials have formalized a $2 billion incentive package meant to attract Amazon’s second headquarters project, one that could also be used to lure other companies that would deliver a similar economic impact.
Making a pitch for Amazon’s second headquarters achieved two very important goals for Trenton: Not only did the city submit a competitive, coordinated bid for Amazon HQ2 — a feat that may have seemed unlikely in past years — but it created a blueprint for showing its vast potential as a vibrant, mixed-use destination for other large corporations.
Less than a week before leaving office, Gov. Chris Christie has signed off on a $5 billion incentive package to help land Amazon’s coveted second headquarters project.
Newark city officials on Wednesday detailed the development sites and office buildings that were included in their 250-page submission to Amazon, which could announce the short list for its coveted second headquarters project by early next year.
Several other cities in New Jersey have filed their bids to become the home of Amazon’s second headquarters, despite the state throwing its official support behind Newark earlier this week.
As the state prepares to submit its official bid later this week, Gov. Chris Christie has declared Newark “the clear winner” of the competition among several New Jersey municipalities that have expressed hopes of landing the coveted Amazon HQ2 project.