Amazon said it would prefer to open the headquarters in a suburban or urban area with more than 1 million people. The city that will be home to the new campus must be in a metropolitan area with a population of more than one million, appeal to tech professionals and offer a "stable and business-friendly environment".
The new HQ will be the world's largest e-commerce company's second in North America, and "will be a full equal" to its current headquarters in Seattle, Amazon founder and chief executive Jeff Bezos said.
Amazon is now so big, it wants a second headquarters.
While not necessary, Amazon says that it would also like to find a location that can mimic its Seattle headquarters, already has a development-prepped site and is in an urban or downtown location.
Amazon was incorporated in 1994 in Seattle, and made its first online book sale in July 1995, with Bezos personally mailing packages to customers in the early days.
Amazon, which has long favored growth and investments over profit, has been growing rapidly as it expands dozens of programs, including its instant-delivery service Prime Now and Amazon Fresh.
Of course, Amazon is also looking for a healthy dose of incentives, including tax exemptions or workforce grants.
Fed's Fischer first to flee from Trump administration, Yellen not far behind
Fischer's term was set to expire in June 2018 and his tenure on the Fed was slated to end in January 2020. Fischer said his resignation will take effect October 13 and cited "personal reasons" for his departure.
The announcement of Amazon's second headquarters is a part of a larger effort from Amazon to grow its footprint at home and overseas.
"If Amazon came to us and said we're interested in investing $5 billion in the Boston economy, we'd make it work somehow", Walsh said.
We're asking what Amazon's timeline is for the HQ2.
Amazon's Seattle office houses over 40,000, and numerous jobs for Amazon's second home will be new hires, according to Thursday's statement. According to its website for regions to pitch for the new site, Amazon is looking for a location that can provide staff for "software development and related fields".
Having a team split between two cities that may turn out to be on opposite sides of the continent could push the company to adopt new telepresence solutions for meetings.
Proposals are being requested by October 19, and Amazon indicated it would make a decision on the location sometime next year.