D.C. – Area Founders and VCs on the Impact of Amazon HQ2’s Talent Influx
November 15, 2018
Amazon says HQ2 – now split in half – will bring more than 25,000 employees and a $2.5 billion investment to Northern Virginia and the surrounding region.
To support the new hires, according to written agreements with the state and with Arlington, the e-commerce giant would receive a workforce cash grant from Virginia of up to $550 million based on $22,000 for each job created over the next 12 years, as well as a cash grant from Arlington of $23 million over 15 years based on the incremental growth of the local Transient Occupancy Tax. Hiring for both locations will begin in 2019.
With that many jobs at stake, DC Inno interviewed founders and investors in the region’s business community to get their thoughts on what HQ2 means for D.C.-area tech talent.