Amazon selects New York and Northern Virginia for its 'second headquarters'

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The wait is finally over.

Amazon announced today the location of its new second headquarters, but with a catch: It will be split between New York City and Northern Virginia.

In a company blog post, Amazon said that it selected New York's Long Island City and Virginia's Arlington as the locations for its new "second headquarters" buildings. The company says it plans to invest $5 billion across both locations and create more than 50,000 jobs.

The new offices in New York and Virginia are expected to bring a major influx of high-paying tech jobs and taxable revenue; however, they also raise concern about their impact on property values and culture in each city. Read more...

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