Culture / Newsy

Dallas Emerges as Favorite for Amazon’s New $5 Billion Headquarters: Wall Street Journal Analysis Makes it a Clear No. 1

BY // 11.15.17

Ever since Amazon announced it was searching for a place to build its second North American headquarters, Dallas has been abuzz with rumors that the tech giant could land here. Amazon has kept quiet about what direction it’s leaning, but that hasn’t stopped speculation.

This week, the Amazon HQ2 frenzy reached a new high after The Wall Street Journal ranked Dallas No. 1  in its analysis of the competing cities.

The newspaper, which did its breakdown with Green Street Advisors, says the chances of Amazon heading to the Big D are “looking good.” Dallas was named “Best Overall,” with Boston and Washington D.C. following at No. 2 and No. 3 respectively.

Looking at Amazon’s requests for its new home, the Journal‘s detailed analysis took six factors into consideration: tech labor force, fiscal health, cost of living, college population, culture fit and state tax rank.

Mayor Mike Rawlings was quick to jump on the Amazon HQ2 bandwagon, and the Dallas Regional Chamber submitted a proposal to lure the company’s $5 billion new campus and 50,000 high-paying jobs to town. There’s no word on how many proposed sites were included, but dozens of developers made public pitches, including the Dallas Smart District and Frisco.

While Dallas could be a great fit for the headquarters, it’s not the only Texas city in the running. Having no state income tax and high job growth rates make the Lone Star State a desirable destination for businesses. Austin, which already hosts tech companies like Facebook and Bumble, has also been getting lots of attention. Wall Street Journal places Austin at No. 7 on its list, but the city won the top spot on another ranking by Moody Analytics.

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In September, The New York Times included both Austin and Dallas among the top nine cities competing – but noted that either city would be a poor choice due to their lack of efficient public transportation (another request on Amazon’s wish list).

We’ll have to wait until 2018 to hear what Amazon actually has to say about all of this.

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