Online retail giant Amazon is looking to find a new home for its new headquarters and Toronto could be a potential candidate.

Announced Thursday, the Seattle-based company needs to find a new location for HQ2 in North America,  where it will invest $5 billion US to develop the site and potentially hire 50,000 workers.

The new site will be a "full-equal" to the company's current Seattle headquarters, and Toronto Mayor John Tory believes Toronto is a “prime candidate.”

“We are a bold, innovative city that has plenty of homegrown tech talent. We also continue to attract talent and companies from around the world… I will be leading the charge to make the case that Amazon should call Toronto home,” he said in a statement.

The second location is said to generate tens of billions of dollars in additional investment in the city and tens of thousands of high-paying jobs which would do wonders for the City of Toronto. 

Toronto will be working with Toronto Global, a new agency dedicated to attracting global investment to Toronto and the Greater Toronto Area, to put together an “attractive bid for this opportunity,” Tory added.

Cities interested in applying have until October 19th to submit their proposals, and Amazon said it will make a final decision in 2018. 

Source: 680 News

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