Twin Cities doesn't make the cut for new Amazon HQ

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The state of Missouri offered Amazon almost $2.5 billion in incentives spread over 10 years in its failed bid to lure the company's second headquarters to the state, according to figures released Friday by the state Department of Economic Development. Toronto is the lone non-U.S. location.

It also clarified in its release that this will definitely be a true second headquarters, rather than simply a sizeable satellite office, and will include $5 billion in investment from Amazon, with the potential to support as many as 50,000 "high-paying" jobs.

Amazon said it will make a final selection sometime this year.

Other parts of the proposal included incentives to locate the headquarters in a distressed area of the city, tax credits to invest in rural broadband, individual income tax deductions for Amazon employees who relocated to Missouri and refundable contribution tax credits in return for Amazon's investments in science and technology-focused educational programs for Missouri's youth.

"There could be consequences politically for making a decision to invest outside of the USA", said Shauna Brail, director of the urban studies program at the University of Toronto.

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Amazon did not immediately respond to a request for comment on whether locations would be able to change their proposals or offer better incentives, but said in a statement that it will "work with each of the candidate locations to dive deeper into their proposals". While neither New Haven nor Hartford is small, their economies are not as large as the Washington D.C. and New York City metropolitan areas, which are home to five finalists, he said.

Amazon opened a casting call for its business this summer and Minnesota quickly made an offer.

The shortlist news follows Apple's announcement on Wednesday that it would build a new US campus and create 20,000 new jobs as part of a $30 billion investment, with both underlining the growing power of USA technology companies over the economy.

The other contenders: Denver; Montgomery County, Maryland; Nashville, Tennessee; Newark, New Jersey; Northern Virginia; and Raleigh, North Carolina.

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