Amazon plans to invest more than $5 billion into a second company headquarters in North America that will include as many as 50,000 high-paying jobs, according to CNBC.
The online retailer began seeking bids Thursday from cities and states — prioritizing metropolitan areas with more than one million people — for what it is calling HQ2. The company is looking for a "stable and business-friendly environment," either in an urban or suburban location, that would attract top technical talent, according to CNBC, which noted the Associated Press also contributed to its report.
"We expect HQ2 to be a full equal to our Seattle headquarters," Jeff Bezos, Amazon founder and CEO, said. "Amazon HQ2 will bring billions of dollars in up-front and ongoing investments, and tens of thousands of high-paying jobs. We're excited to find a second home."
Wall Street analyst MKM Partners predicts the company's value will more than triple in the next 7 to 8 years, reaching $1.6 trillion, according to a separate CNBC report. The firm also anticipates Amazon's retail spending market share in the U.S. will reach 15.5 percent by 2025, eventually surpassing Walmart.
On Wednesday, Amazon's market value hit $465 billion.
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