Amazon Likely to Head to Detroit
Online retail giant Amazon is likely to plant roots in the Motor City, according to Inc. Magazine.
Last week, Detroit submitted a proposal to Jeff Bezos, CEO of Amazon, and his team that explained the benefits the city would be able to offer to the internet goliath if selected. Their proposal included a three-minute video showcasing Detroit’s many perks, as well as a full-blown social media campaign.
The proposal was created by a think tank of over sixty individuals compiled from across varying forms of Detroit industry and is spearheaded by Detroit loyalist Dan Gilbert, CEO of Quicken Loans and Rock Ventures.
Amazon is currently seeking a location to build a secondary headquarters, lovingly nicknamed HQ2, which will cost approximately $5 billion and will employ roughly 50,000 people.
Other cities which threw their names in the hat include Austin, Raleigh, Denver, and Washington DC.
Despite the ever-growing list of competitors in the running for HQ2, Inc. Magazine is putting its money on Detroit coming out as the champion.
“There aren’t many cities that could offer Amazon a truly urban environment with an incredibly business-friendly local government and affordable housing,” Inc. Magazine published. “And, it would be a triumph for Amazon from a public relations standpoint.
According to the Magazine’s depiction of the possible partnership, Amazon’s HQ2 could be the defining mechanism for Detroit’s rebirth, ensuring that the city’s current public transportation system would have to receive a complete overhaul prior to Amazon’s arrival.
The addition of such a facility in the area would not only boost job availability, but increase public draw to the city for those seeking new careers. Such an influx would intensify rental demand, increase property values and appreciations, and enhance the local economy. An absolute win for the once-great Motor City.
News & Image Source: http://www.crainsdetroit.com/article/20171019/news/642431/detroit-submits-its-bid-for-amazon-hq2