On a motion by Los Angeles County Board of Supervisors Chairman Mark Ridley-Thomas, the Board voted unanimously to partner with the Los Angeles Economic Development Corporation (LAEDC) to support a bid to host Amazon’s second corporate headquarters in Los Angeles County. The Board also approved a motion by Supervisors Solis and Barger to report back to the Board with recommendations for potential sites for Amazon’s headquarters.
On September 7, Amazon, the world’s largest online retailer, announced they were shopping for a home for their second $5-billion corporate headquarters with initially at least 500,000 square feet.
“This could be a game changer. Los Angeles County has already become a world-class destination for technology companies, and we expect Amazon’s presence to continue to improve economic stability and expansion throughout the region,” Chairman Ridley-Thomas said.
On September 11, 2017, Bill Allen, President of the LAEDC, and Chairman Ridley-Thomas, co-authored a letter to key stakeholders throughout Los Angeles County, in an effort to initiate collaborative support for submitting a bid to Amazon.
“This should send a message to other large employers that we are serious about doing business in Los Angeles County,” the Chairman said.
Within Southern California, Los Angeles County will be competing with the counties of Orange, San Diego, and Riverside/San Bernardino.
“At LAEDC, we believe LA County offers an extremely compelling mix for Amazon,” said LAEDC CEO Bill Allen. “We have been working with Chairman Ridley-Thomas and the Board to explore key incentives that may be needed in this competitive environment.”
Should Los Angeles be chosen, Amazon is expected to generate 50,000 full-time jobs with an average annual total compensation of over $100,000 resulting in $750 million in economic benefit to the region over the next 15 years.