Amazon HDQ2---if DFW, then where? (Dallas, Fort Worth: contractor, salaries, restaurant)

[Katana49]

Originally Posted by happycrow

I don't think Amazon's impact on the local economy would be particularly significant here

You clearly haven't thought about it much then. 50,000 new jobs. Then consider how many of those people have families and kids. You're talking about an influx of probably more than 100k people, and that's JUST Amazon employees and their families. Think about all the contractors that would be hired to build their campus. Think about all the new retail and restaurants that would open up to serve these people.

Even for a city as large as the Dallas area and suburbs, it would have a massive impact.

[happycrow]

Big? And particularly big insofar as that would be coming from a single employer? Sure. But I think it's a stretch to say that in a region with 3.6 million nonfarm jobs, that 50k would have a "massive impact" (except, of course, the area chosen for the HQ and its localized downstream RE/retail/home-price effects, none of which will do much to the REST of Dallas, because as usual, everybody will avoid the new picked-up traffic like the plague if at all possible).

DFW picked up 100k jobs just last year per the BLS. Recession-era Seattle we ain't.

[Katana49]

Originally Posted by happycrow

Big? And particularly big insofar as that would be coming from a single employer? Sure. But I think it's a stretch to say that in a region with 3.6 million nonfarm jobs, that 50k would have a "massive impact" (except, of course, the area chosen for the HQ and its localized downstream RE/retail/home-price effects, none of which will do much to the REST of Dallas, because as usual, everybody will avoid the new picked-up traffic like the plague if at all possible).

DFW picked up 100k jobs just last year per the BLS. Recession-era Seattle we ain't.

I'd advise you to go look at just how big of an impact Toyota's 5000 jobs made in the area. That spurred countless projects in housing, infrastructure, retail, etc.

Now multiply that by 10 and if you can still sit here and say it's not going to have much of an impact... well, you're in the minority with that opinion.

[mrsb9494]

Originally Posted by Katana49

I'd advise you to go look at just how big of an impact Toyota's 5000 jobs made in the area. That spurred countless projects in housing, infrastructure, retail, etc.

Now multiply that by 10 and if you can still sit here and say it's not going to have much of an impact... well, you're in the minority with that opinion.

exactly.

[TurtleCreek80]

Originally Posted by happycrow

Amazon's local presence is a godsend for coders. Okay, sure, a bunch of coders spend on houses and higher-end-retail. Uh.... Dallas already has lots of both. While we wouldn't turn a company away... what's the actual benefit? For the rest of Dallas' hugely-diversified economy, what does it actually bring us except some real-estate development that would happen anyway? I fully get that the RE guys are drooling and should be, but I don't think Amazon's impact on the local economy would be particularly significant here, compared to other places where it would be a great big deal.

You think that pumping another $5 BILLION annually into the local economy isn't a big deal?? Amazon isn't bringing 50,000 coders to HQ2. They'll be hiring everything from marketing, logistics, Human Resources to janitors and food servers, from hourly employees up to executives.

When a company like Amazon opens a HQ, the average job pays about $100k. Then those 50,000 employees buy houses, buy clothes and bikes for their school aged kids, join the local gym, buy cars and furniture, go to doctors and dentists and barber shops, buy groceries and shop at the farmers market, hire electricians and plumbers, etc.

Sure, $5B annually would make a bigger impact on a smaller metro like Columbus or Denver but it would still be a "great big deal" for DFW.

[TurtleCreek80]

Originally Posted by Katana49

I'd advise you to go look at just how big of an impact Toyota's 5000 jobs made in the area. That spurred countless projects in housing, infrastructure, retail, etc.

Now multiply that by 10 and if you can still sit here and say it's not going to have much of an impact... well, you're in the minority with that opinion.

Yup.

[numbersguy100]

Originally Posted by happycrow

Big? And particularly big insofar as that would be coming from a single employer? Sure. But I think it's a stretch to say that in a region with 3.6 million nonfarm jobs, that 50k would have a "massive impact" (except, of course, the area chosen for the HQ and its localized downstream RE/retail/home-price effects, none of which will do much to the REST of Dallas, because as usual, everybody will avoid the new picked-up traffic like the plague if at all possible).

DFW picked up 100k jobs just last year per the BLS. Recession-era Seattle we ain't.

How many of those 100k jobs we picked up last year are minimum wage jobs at McDonalds? Certainly much of the DFW area is doing very well right now. The influx of those Amazon jobs would still be substantial for any of the cities that are finalists.

[MurphyPl1]

Exactly true. Go by the CityLine area and see the effect it's had on those businesses. We see the effect even out in Murphy.

[happycrow]

Originally Posted by TurtleCreek80

You think that pumping another $5 BILLION annually into the local economy isn't a big deal?? Amazon isn't bringing 50,000 coders to HQ2. They'll be hiring everything from marketing, logistics, Human Resources to janitors and food servers, from hourly employees up to executives.

When a company like Amazon opens a HQ, the average job pays about $100k.

The average software developer's salary, sure. But the further you move away from the coders, the more the salaries and hence incoming money descends to mere mortal numbers.

Logistics? 25-62k. Marketing? 14-26/hr hourly, 68-143k salaried executive.
We already have fulfillment centers all over the place, paying about 17/hr. I have teammates here at work supporting those locations.

Originally Posted by TurtleCreek80

Sure, $5B annually would make a bigger impact on a smaller metro like Columbus or Denver but it would still be a "great big deal" for DFW.

With a typical single-anchor strip mall financing in the 140-250MM range? Yes, clearly, $5B isn't to be sneezed at. And to some extent it's an issue of language. It would be big. But even that big-ness is well within the range where DFW could go "shrug" if DC or Denver were to get the nod and have the character of their city fundamentally changed overnight. Let alone the rust-belt-resurrection it would pose in a place like Detroit, Cleveland, or Pittsburgh.

And because of that I think those other places will fight much harder when (presumably) short list goes to finalists.

[numbersguy100]

Originally Posted by happycrow

The average software developer's salary, sure. But the further you move away from the coders, the more the salaries and hence incoming money descends to mere mortal numbers.

Logistics? 25-62k. Marketing? 14-26/hr hourly, 68-143k salaried executive.
We already have fulfillment centers all over the place, paying about 17/hr. I have teammates here at work supporting those locations.

It's not clear you understand what the term "average" means, based solely on the language of this post.