Tags: puerto rico | amazon | second | hq | headquarters

Blacked Out Puerto Rico Makes Long-Shot Pitch for Amazon's 2nd HQ

Blacked Out Puerto Rico Makes Long-Shot Pitch for Amazon's 2nd HQ
Ken-Wolter/Dreamstime

Monday, 23 October 2017 10:43 AM

It’s a long shot, but that didn’t stop Puerto Rican officials from taking time away from hurricane recovery efforts to bid for Amazon Inc.’s second headquarters.

The island recently submitted a proposal to establish an Amazon office, known as HQ2, at the site of the former Roosevelt Roads Naval Station in the eastern municipality of Ceiba, according to a text message Saturday from Ivan Caraballo Ortiz, a press official for Puerto Rico’s Economic Development and Commerce Department.

The vulnerability of the island’s energy grid could be a deal-breaker; most of Puerto Rico has been without electricity since Hurricane Maria barreled through a month ago. But the U.S. commonwealth desperately needs a big break to reverse a decade of economic decline, and the 50,000 high-paying jobs projected to come with Amazon’s HQ2, to be built at a cost of more than $5 billion, could drastically reverse its fortunes.

Amazon has said it will make a decision regarding its second home next year.

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It's a long shot, but that didn't stop Puerto Rican officials from taking time away from hurricane recovery efforts to bid for Amazon Inc.'s second headquarters.
puerto rico, amazon, second, hq, headquarters
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2017-43-23
Monday, 23 October 2017 10:43 AM
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