Amazon Picks New York City and Virginia for $5 Billion New Headquarters

Amazon Picks New York City and Virginia for $5 Billion New Headquarters
FILE—Amazon.com founder and CEO Jeff Bezos at a presentation in Seattle, Washington on June 18, 2014. Photo by David Ryder/Getty Images
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SAN FRANCISCO—Amazon.com Inc. picked America’s financial and political capitals for its split new headquarters, saying on Nov. 13 it will build offices for more than 25,000 people each in New York City and close by Washington, D.C.

The world’s largest online retailer plans to spend $5 billion on the two new developments and expects to get more than $2 billion in tax credits and incentives, with plans to apply for more.