Amazon’s second headquarters (HQ2) is expected to bring up to 50,000 jobs and occupy up to 8 million square feet (SF) of office space in Arlington County, VA. 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. The Stephen S. Fuller Institute has examined the potential effects in a series of reports.
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. This report examines these economic and fiscal impacts that 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?
This report examines the economic, fiscal and housing impacts of HQ2 on the Washington region.
This report is covered in two posts on the blog:
Three Workforce-Based Reasons Why Amazon Should Locate HQ2 in the Washington Region
This guest post by Lokesh Dani, Graduate Research Assistant and doctoral candidate at the Schar School of Policy and Government, GMU, examines the Washington Region’s job mix, industry mix and workforce and determines that the Washington region is uniquely well matched to the needs of Amazon’s HQ2.