Viewpoint: Why we need HQ2 — the local economy isn’t as strong as you think

The D.C. metro area is a consistent favorite to land Amazon’s second headquarters, dubbed HQ2, a historic project promising to bring 50,000 high-paying jobs and $5 billion in investment to the region.

If the D.C. region is chosen, the designation would come with great local excitement and immense scrutiny. To date, Amazon’s yearlong search for a second headquarters has drawn withering criticism, from the lack of transparency on what may result in record-breaking subsidies funneled to a massive company, to accusations that Amazon is using the competition to amass invaluable market information from cities when it has already made its choice. Further, some D.C.-area residents are publicly skeptical that attracting Amazon (NASDAQ: AMZN) would be a good thing, citing concerns about gentrification, affordable housing and traffic congestion.

With HQ2 now a very real prospect for the D.C. metropolitan area, it’s time to shift the scrutiny from the national process to its merits for this…

Read the full story from the Washington Business Journal.



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