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Amazon Second HQ

It is a novel idea.

I don't think Yonge and Eglinton could support that much density. We'd very quickly begin talking about redeveloping Yonge-Eglinton Centre.
 
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https://twitter.com/ilyamarritz/status/919991615275618305
 

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So a lot of excitement and hype today about the nearby Quayside site on Queens Quay, that is going to be Google's Sidewalk Labs testing ground and $1 billion dollar investment development site.

Google's Sidewalk Labs signs deal for 'smart city' makeover of Toronto's waterfront
https://beta.theglobeandmail.com/news/toronto/google-sidewalk-toronto-waterfront/article36612387/

Link in case anyone is unaware.

Relating it back to this thread, Google's investment certainly bodes well for any Amazon bid in Toronto. Huge tech sector investment, major competitor, and the nature of their development (city-building) is another example on our portfolio for why Toronto is the place to invest.

And of course, there will be excellent synergy between Google's investments on Quayside and the nearby East Harbour site which is likely the frontrunner for any Amazon HQ2 site. The North Keating precinct area will connect the two with beautiful waterfront promenades once the Don River is naturalized.
 
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Quoting @AlvinofDiaspar from East Bayfront thread:

On that publicity note - from the Star:

https://www.thestar.com/news/city_h...h-tech-quayside-neighbourhood-in-toronto.html

This is a big week for Toronto and technology. On Wednesday morning, the Ontario government is expected to reveal some details of the “bid book” it is submitting to Amazon as part of a competition that has cities across North America trying to land the tech giant’s second headquarters.

Doctoroff told the Star that he is happy to sing Toronto’s virtues to a tech rival.

If Amazon sees what we see in Toronto, they should be coming here,” he said.
 
From the Globe:

https://beta.theglobeandmail.com/ne...36637886/?ref=http://www.theglobeandmail.com&

And the Star:

https://www.thestar.com/news/queens...-education-wont-offer-us-firm-incentives.html

It may hurt our chances, but I think that is the proper way. We can offer training and supporting infrastructure that makes sense to our broader goals instead. You can't race to the bottom with places like NJ - that's for losers.

AoD

If you believe the claims in the article in my last post, Amazon can save $1.5 Billion annually by locating in Toronto. That’s far better value than the $7 Billion incentive NJ is offering over the decade
 
Ed Clark to Amazon: The American dream now lives in Canada

The man leading Ontario’s bid to lure Amazon said the ecommerce giant should move to Canada if it wants to chase the American dream.


“Our values put us on the right side of history,” Ed Clark, Premier Kathleen Wynne's business adviser, said Wednesday during a speech at the Canadian Club in Toronto.

The former TD chief cited Canada’s “welcoming approach” to immigration, well-funded schools and free healthcare, as examples of Canada’s strong values.
More........http://www.bnn.ca/company-news/arti...r-in-salaries-if-new-hq-in-gta-clark-1.888361




 
Statement

Premier's Statement on Amazon Bids
October 19, 2017

Premier Kathleen Wynne released the following statement today on the province's support for Ontario cities bidding for Amazon's second headquarters (HQ2):
"Ontario is widely considered a strong contender for Amazon's second global headquarters and it is not hard to see why.

We have one of the world's most talented, diverse workforces -- and an open commitment to immigration that guarantees this lasting advantage. At a time when others are becoming more insular, unable or unwilling to attract the world's best and brightest, we are unwavering in our commitment to building a place for the whole world to call home. Our communities are welcoming, inclusive places -- places where people want to live. Our government's commitment to public infrastructure, roads and transit is historic in scale, setting us up for an even more mobile, dynamic future. And we have several attractive sites for HQ2 available, at a highly competitive cost.

Some have asked whether Amazon can afford to operate in Ontario. I think time will prove that the more relevant question is whether Amazon can afford not to be here. For two straight years, Ontario has won Site Selection Magazine's Canadian Competitiveness Award for being the best place in Canada to make a new business investment. We continue to attract more foreign direct investment than any other Canadian province. Businesses here pay lower corporate taxes than in U.S. states, and the percentage of adults with a postsecondary education exceeds that of any Organisation for Economic Co-operation and Development (OECD) nation. The talent and skills of Ontario's people are our greatest competitive advantage. Since 2010, we've created more than 77,000 jobs in the ICT sector. That's more than New York and Massachusetts combined. And it explains why the list of global tech giants making big moves in Ontario already includes Google, Uber and Thomson Reuters.

Something special is happening in Ontario, and Amazon should take notice. Earlier this month, I wrote personally to Amazon CEO Jeff Bezos to share Ontario's enthusiasm about this opportunity and outline why our province is such a great fit for HQ2.

Jeff Bezos is no stranger to the seismic shifts taking place in our economy. He's one of the people causing those shifts. In Ontario, we understand the opportunity side of today's changing economy. We've gone after it full speed. But we've also seen the other side of the equation -- the uncertainty, anxiety and unfairness that accompany great economic change. Many people are working harder than ever and are still worried about being left behind. Listening to those voices, we've come forward with a plan for a fairer, better Ontario that directly confronts the uncertainty of a changing economy.

Our plan includes free tuition for 210,000 college and university students beginning this year. It makes the biggest expansion of public health care in a generation, by introducing free prescription medications to everyone under 25, saving businesses money and giving every worker more peace of mind.

Finally, our plan is raising the minimum wage to $15 an hour and mandating more fairness for workers by bringing in equal pay for part-time and temporary workers. With fairness at the heart of every step we are taking to adapt to change, we are putting in place exactly the kind of foundation a company like Amazon needs to reach new heights.

I told Mr. Bezos that in order to attract Amazon and keep building an environment where the next Amazon can be created right here in Ontario, we have plans to go even further.

These steps include boosting the number of graduates in science, technology, engineering and mathematics (STEM) by 25 per cent, and graduating 1,000 applied masters students in artificial intelligence-related fields per year, all within five years.

It is important to stress that we are doing these things no matter where Amazon chooses to grow, because these are steps that are helping our businesses create the good jobs of tomorrow, right here in Ontario.

It is our job as a province to make sure Amazon knows that no matter where they go in Ontario, they have a supportive, enthusiastic partner in the provincial government.

We have a compelling case and, I think, a real shot at landing HQ2. And no matter what happens, we can be confident that our plan for a fairer, better Ontario is building a province where there is more opportunity, more security and more chances for everyone to get ahead."
 
I like the Ontario strategy coming from Ed Clark. We can't be so naïve as to believe subsidizes aren't important to all economic sectors but a race for the highest subsidy is a losing game.

No Canadian city is likely to snag this HQ2 thing but the emphasis on the greater good of the industry is the right strategy in my opinion. Even if Amazon or any of the other tech giants see Ontario as a branch-plant or talent pool to pouch it's still a win. Some of these ex-pats will return and the branch-plant offices provide stable anchors for local firms to draw-off, spin-off, and measure against. The aim should be to create a tech cluster from basic research, to start-ups to companies threatening to disrupt the tech giants themselves.

What should get people excited is not making Amazon happy so they set up HQ2 in Toronto, It's to make Amazon scared enough that they can't help having a growing presence here.
 
Executive Editor at Forbes:

Michael Noer‏Verified account@michaelnoer 23h23 hours ago
You heard it here first: I think Toronto is a strong contender for Amazon HQ2

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Michael Noer‏Verified account@michaelnoer 23h23 hours ago
To clarify, I think Toronto is a good bet for Amazon HQ2 because a non-US HQ mitigates some national risk — and it has the other things too

Odd that most commentaries focused on AI and supply chain management - very few mentioned fintech and Amazon's interest in it.

AoD
 
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