The potential downsides of landing Amazon’s HQ2

INDIANAPOLIS, Ind.-- Becoming the next landing spot for an Amazon headquarters brings with it some potential complications.

Whatever city that lands the headquarters will be forever changed. The addition of 50,000 high paying jobs will attract a significant workforce and boost the local economy, however, experts warn it will also come with its fair share of headaches.

Housing market:

While the Circle City has become an emerging tech market, Amazon will undoubtedly look across the U.S. to fill the 50,000 jobs. The Indianapolis housing market is already heating up, and inventory is running short, an influx of thousands of transplants and their families would only compound the problem and drive up prices. The good news is it would take time to build the headquarters and fill it with workers, giving construction crews added time to build.

Traffic and public transportation:

If Indianapolis lands the so-called HQ2, the potential location for the headquarters could have wide-ranging effects. As previously mentioned, Amazon would more than likely look to the entire country to fill the thousands of jobs available. The thousands of new Hoosiers would translate into added congestion on roadways and an increased strain on public transportation.

Competition:

Indianapolis is becoming known for being an emerging tech market. STEM programs at the local colleges will help add to the potential workforce. However, as there are many jobs to fill, and Amazon will undoubtedly want the best and brightest, other companies may struggle to find employees or match potential salaries amazon has to offer.

Benefits:

The addition of an Amazon headquarters would place the Circle City as a world business destination, likely attracting many other businesses, suppliers, and talent in its wake. That influx would also help enrich Indianapolis culture.

The income and money spent by those with the jobs would filter out into all other areas of the community and economy, and create demand for additional amenities and accommodations. There’s also the economic impact that would come with the building of the city, and the building of the housing needed to accommodate a growing population.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s