Amazon Selects LA for $5 Billion HQ2

Over the next nine years, Amazon will hire as many as 50,000 employees with an annual payroll of over $5 billion, an average of more than $100,000 per employee. Amazon has committed to spending over $5 billion in capital expenditures, in large part on more than 8 million square feet of Class A office space. The company has also indicated that it will aid in the revitalization of its portion of the Los Angeles River, help finance nearby affordable and market rate housing for its workers, develop permanent supportive housing for up to 2,000 homeless veterans in DTLA, and work with LAUSD on mentoring programs.
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