The new round of protests in St. Louis are going to be expensive. Not only will the city need to spend lots of money on repair, but there could be a major job loss as well.
The Daily Caller reports:
St. Louis Protests Could Cost The City A Chance At Amazon’s Second Headquarters, Thousands Of Jobs
Recent protests in St. Louis may repel Amazon as it mulls over its metropolitan options for its second headquarter’s location.
The massive tech conglomerate announced earlier in the month that it is opening a second company headquarters somewhere in North America, and will decide based on cities’ abilities to prove their respective worths.
“There is no good timing for something like this and it will have an impact,” said Didi Caldwell, founding principal with Global Location Strategies, which helps companies choose locations for new businesses and expansion, according to a Reuters report published Saturday.
The company says it expects to invest more than $5 billion in construction, while creating up to “50,000 high-paying jobs” just for direct employment.
“Amazon estimates its investments in Seattle from 2010 through 2016 resulted in an additional $38 billion to the city’s economy – every dollar invested by Amazon in Seattle generated an additional 1.4 dollars for the city’s economy overall,”
St. Louis could probably use those jobs and that extra revenue. But the protesters might blow the opportunity!