When the tech giant Amazon announced that it was deliberating on where to set-up its second headquarters, this ignited a bidding war from different cities in the country.
Amazon received 238 proposals and in January announced the 18 finalists that included L.A. and Chicago. But this month, the Seattle-based company finally made its decision.
Amazon, which is the world's third-most valuable company, is investing $5 billion to build the new office and will be getting $2 billion in tax credits.
The new developments are expected to create over 25,000 jobs in both the NYC and D.C. areas.
So why did Amazon pick these cities?
"Amazon talked up Long Island City’s breweries, waterfront parks and easy transit access. Rents there are typically lower than in Midtown Manhattan, which is just across the East River. The former industrial area also has a clock counting down the hours until the end of U.S. President Donald Trump’s first term in office," writes "Reuters."Read More