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The Race for Amazon’s HQ2 is on…who will win?

images.jpgOver the last week or so I have read countless articles outlining how different municipalities are positioning themselves for the second corporate headquarters for Amazon.  The e-commerce giant has issued a request for proposal stating that it will consider cities with more than a million people, a tech savvy workforce, a business friendly environment and the ability to “think big and creatively when considering locations and real estate options.”.

According to its request for proposals, Amazon will consider:

  • Existing buildings of at least 500,000-plus square feet to start, meeting the core requirements and that are expandable or have additional options for development nearby.
  • A greenfield site of approximately 100 acres certified or pad ready, with utility infrastructure in place (the Qualcomm site could accommodate). The sites do not have to be contiguous, but should be in proximity to each other to foster a sense of place and be pedestrian-friendly.
  • Other infill, existing buildings, including opportunities for renovation/redevelopment and greenfield sites.
  • Sites within 30 miles from a “population center,” within 45 minutes from an international airport, no more than 2 miles from major highways or arterial roads, and with access at the site to mass transit, which Amazon describes as “direct access to rail, train, subway/metro, bus routes.”

The competition will be cutthroat, as municipalities compile incentives of all kinds to lure Amazon their way.   Amazon’s HQ2 could eventually employ in excess of 50,000 employees, and spanning over 8 million square feet by 2027, and costing over $5 billion.

Already, Baltimore, Chicago, Philadelphia, Dallas, Houston, New York, Toronto, Sacramento, and of course San Diego are among the municipalities expected to submit bids.

via San Diego to bid for Amazon’s HQ2 second headquarters location – The San Diego Union-Tribune

via As Amazon seeks a second headquarters, how Greater Washington might factor in – Washington Business Journal

via Amazon plans to build second, ‘equal’ headquarters outside Seattle | The Seattle Times

via Amazon to build second HQ in North America, seeks proposals from cities for $5B campus with up to 50K jobs, ‘full equal’ to Seattle operations – GeekWire

via Amazon Outgrows Seattle: Opens Search for Second HQ City in North America – CoStar Group

via Amazon Plans Second Headquarters, Opening a Bidding War Among Cities – The New York Times


First-Quarter Venture Funding Slumps in San Diego, and Top 10 Deals

Here are San Diego’s top 10 first-quarter deals, based on PitchBook data from the Venture Monitor report.

Vividion Therapeutics $50 million BioPharma
F1 Oncology $44 million Anti-cancer
Biological Dynamics $28.9 million Anti-cancer
Dauntless Pharmaceuticals $25 million BioPharma
Jecure Therapeutics $20 million BioPharma
Neurelis $20 million BioPharma
Oncternal Therapeutics $18.4 million Anti-cancer
Genoa Pharmaceuticals $16.6 million BioPharma
Avidity Biosciences $16 million BioPharma
Echo Laboratories $12.9 million Healthtech

via First-Quarter Venture Funding Slumps in San Diego, and Top 10 Deals | Xconomy