'Amazon Effect' Could Increase Housing Prices In Boston

Canada Post building

"I want to highlight Amazon's commitment to recruiting top talent from our universities and give students the opportunity to have a direct impact on the evolution of their technologies at an early stage of their career", Trudeau said, speaking at a press conference.

Amazon is still narrowing down candidates for its highly coveted second headquarters, but it's picked the city of Boston for an expanded tech hub to support its machine learning, cloud computing, and robotics efforts.

Republican Gov. Charlie Baker and Democratic Boston Mayor Marty Walsh both celebrated Amazon's decision, with Walsh labeling it a strong vote of confidence for the city. The new facility will span 416,000 square feet and open in 2022.

The online retail giant announced Tuesday that it will take over an office space in Seaport Square. Even without large subsidies, Amazon's second headquarters would drive up the already high cost of housing in Boston, overburden crowded roads and rail lines, and gobble up scarce labor, some critics worry. The new Amazon employees will be accommodated in a tower the company is building on the site of the city's old post office and they say that structure's architectural heritage will be preserved.

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Aside from the most obvious way Amazon could make money through Alexa, ordering items from the eCommerce platform, the team has been developing new areas. Now Inc. may give Canada's costliest market another boost.

Amazon now employs 6,000 people in its Toronto and Vancouver Tech Hubs to the AWS infrastructure region in Montreal area and also at its fulfilment facilities in British Columbia and Ontario. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon.

With more than 566,000 employees worldwide, Amazon ranks #1 on Fast Company's Most Innovative Companies, #2 in Fortune's World Most Admired Companies, and #1 on The Harris Poll's Corporate Reputation survey.

Amazon already has more than 3,000 workers in MA.