Karen Yi breaks down the metrics that make Newark a more economically attractive candidate for Amazon's HQ2. In a study conducted by the Anderson Economic Group, Newark has all the amenities of its competitors New York City and Chicago without the break in bank. Here's an excerpt from the post:
Newark is one of 20 finalist North American cities still in the running for Amazon's HQ2, which is expected to bring 50,000 jobs to whichever spot it picks.
The Newark Community Foundation commissioned a study to look at how Newark stacks up to other top contenders in the eastern U.S. The Anderson Economic Group, an independent Chicago-based research group focused on economics and public policy, came back with good news for city leaders.
"Among those sites with access to by far the largest pool of talented workers for HQ2, we have identified the lowest-cost option: Newark," the report said.
In October, Anderson ranked all the metro areas that submitted proposals to Amazon. Their latest study compared Newark to the five high-ranking eastern cities: New York, Chicago, Boston, Atlanta and Washington, D.C. It analyzed the cost of doing business in each metro area and the available pool of potential workers.
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