Thursday, November 15, 2018

Amazon New HQ2--Good or Bad?

Hello readers!

Unless you live in a very closed off bubble, everyone has heard of Amazon, and many are Prime Subscribers. Over the past year, Amazon has been on a massive search around the country to expand their headquarters. Amazon announced that the two lucky winning cities to host are Arlington, VA and Queens, NY, meanwhile, Nashville, Tennessee will host a smaller campus.

There has been a range of feedback of enthusiasm to criticism from both the public arena as well as private citizens. During my studies in marketing, one of the largest factors in business success is location, location, location. Did I mention location?

I live right outside of DC, specifically Tysons Corner, aka NOVA (Northern Virginia) so I can only credibly speak of the new Arlington location. NOVA is known for great, but very competitive employment opportunities, real estate (albeit resulting in a hugely expensive area to reside) and of course all of the tourist and historical attractions that come in correlation to our nations capitol. All of the benefits of living in the area, along with travelers enjoying the attractions, however, brings one major inconvenience and headache: traffic.

Now that Amazon is coming to Arlington, the increase in traffic congestion is at least one of the front runners of concerns. My personal reaction: what is a little more traffic when we are all used to it? Our very own Governor, Ralph Northam is enthusiastic about the business opportunities Amazon's empire can bring: jobs, education and more. Watch his reaction here.

Aside from traffic, other concerns brought forth is the cost to tax payers; remember how I mentioned the enormous cost it is to live in NOVA? Well this business deal can bring a high cost in operating expenses, resulting in potential hikes to tax payers.

I'm personally cautiously optimistic about the location being in my neck of the woods; I don't want a hike in money taken out of my paycheck to pay for this, but the benefits outweigh the traffic that I'm already used to.

I'd love to hear your thoughts.

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