April 19, 2024
Amazon wooed for local corporate headquarters
RIVERSIDE – (INT) - The County of Riverside wants Amazon to expand its presence in the region and offered multiple potential sites in a proposal submitted Thursday. It includes $12.8 million in local incentives to entice the online retailer to open its second corporate headquarters here.

The 106-page bid highlights the diversity, affordability and business-friendly environment of the region, where Amazon already has three distribution centers.

The proposal includes nearly $12.8 million in incentives above and beyond what the State of California is offering to attract Amazon to the state. Riverside County can provide $400,000 annually for 10 years in on-the-job training reimbursements and $8.8 million in property taxes from the Capital Investment Incentive Program over 15 years, subject to the Board of Supervisors’ approval.

Seattle-based Amazon announced last month it would solicit bids for a second headquarters where it would hire 50,000 new full-time employees over the next 10 to 15 years. The project is expected to have more than $5 billion in capital expenditures.

Bids were due by midnight Thursday. A final site selection will occur in 2018.
Story Date: October 25, 2017
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