Amazon Begins Construction on New Office in Seaport
Boston, MA– Construction began this week in the Seaport district for another Amazon office. According to reports, tech giant Amazon broke ground this Tuesday on a new office in the Seaport district that will house at least 2,000 employees, with the building estimated to be complete by 2021.
Let's take a step back, though. Remember that whole thing when Amazon was going to pick two final candidate cities for their new headquarters, and wanted each city to argue why they ought to be the city picked, like some strange corporate version of The Bachelor?
Yeah, so, that happened. But then Amazon picked Crystal City, VA and Queens, NY. Yet, people in Queens really didn't want Amazon there. So they rallied hard, and sometimes yelled at them in town hall meetings, so Amazon decided it wasn't worth the hassle, which brings us to today.
In lieu of a Queens headquarters, Amazon decided they would "continue to hire and grow across our 17 corporate offices and tech hubs." Which is why they are building this swanky new office in Seaport. According to WBUR: "Amazon will receive $5 million in municipal tax breaks if it hires 2,000 workers, and $10 million if it hires 4,000."
These tax incentives are really one of the only bargaining chips that cities have for trying to lure Amazon in. The idea being: if we give them tax breaks, they will want to come here, and then yeah sure, we don't get that money in the short-term, but in the long term thousands of people get salaries and our economy booms. Queens wasn't buying that logic, saying that Amazon is one of the biggest companies in the world, why are we going easy on them (among a host of other complaints)?
But Boston seems all for it. If you've lived in Boston for a bit, you know the Seaport district has changed rapidly and dramatically. With the arrival of Amazon in 2021, I'd expect more and more new construction in that area.