The Economic and Fiscal Impacts of Locating Amazon’s HQ2 in Arlington County, Virginia

The location of Amazon’s HQ2 in Arlington County would generate significant impacts to the benefit of the County’s and Commonwealth of Virginia’s economies.  These economic and fiscal impacts would be seen in job and income growth including the HQ2 workforce and the supporting jobs and personal and business earnings that would be generated annually by HQ2, its workforce, and their families by their spending for goods and service within the Arlington County economy and throughout the Commonwealth of Virginia. This new economic activity would generate substantial new revenues in excess of new public expenditure requirements for both Arlington County and the Commonwealth of Virginia.

What Does Amazon’s HQ2 Mean for the Washington Region’s Housing Market?

While HQ2 will generate additional demand for housing, its effects will be geographically dispersed and gradual. Even so, the additional demand would like increase both home sales prices and rental rates, albeit only marginally above the rise that is expected to occur without these households. The average wages of HQ2 workers indicate that many of these households would be able to afford new construction, both ownership and rental housing. Additional supply would mitigate any price increases that would occur for the existing housing stock.

What Does Amazon’s HQ2 Mean for the Washington Region’s Economy?

Amazon’s second headquarters (HQ2) is expected to bring up to 50,000 jobs and occupy 8 million square feet (SF) of office space in Arlington County, VA. The build-out is likely to occur over 20 years. The arrival of HQ2 in the Arlington County will have economic, fiscal and housing impacts on the County, the Washington region and the Commonwealth of Virginia. This report primarily focuses on the broader impacts on the Washington region. For a detailed analysis on the impacts on Arlington County, VA and the Commonwealth of Virginia, see The Economic and Fiscal Impacts of Locating Amazon’s HQ2 in Arlington County, Virginia.

Hogan promised fiscal prudence and economic turnaround. Has he delivered?

From The Washington Post: Maryland Gov. Larry Hogan’s pocketbook-themed pitch in 2014 rested on three central promises: Roll back tax and fee increases, create new jobs, and cut wasteful government spending. Four years later, Hogan has delivered some of what he pledged, and he is touting those accomplishments as he seeks to become only the second

Amazon HQ2 Watch: Northern Virginia Checks the Most Boxes

From The New York Times: Amazon won’t say a word about where it plans to put its much-hyped second headquarters. Officials in the 20 cities and regions named as finalists say that they don’t know anything — and that even if they did, they wouldn’t share it publicly. But that hasn’t stopped investors, economic officials and