Amazon chief executive Jeff Bezos at a meeting with Donald Trump in 2016. Photo: Evan Vucci / AP
Amazon has been flooded with pitches from cities and regions that want to host its second headquarters, the company said Monday. The company received 238 proposals from "54 states, provinces, districts and territories across North America."
Why it matters: There's lots of competition for what Amazon is calling HQ2. While the new headquarters could bring 50,000 jobs that pay an average salary of $100,000 to the winning city, there are also potential downsides to hosting, including the possible cost of billions of dollars via tax breaks.
Go deeper: The New York Times recently covered the tactics cities are employing to court the project.