Amazon has pledged to spend more than $2 billion over the next five years to build tens of thousands of affordable housing units in three of the e-commerce giant’s major employment hubs, underscoring the ongoing housing crises affecting parts of the US where large, high-paying tech employers reside. Amazon’s pledge, announced on Wednesday, follows similar commitments from Apple, Facebook, and Google, all of which previously promised between $1 billion and $2.5 billion each to tackle similar issues plaguing the San Francisco Bay Area. The parts of the US Amazon plans to invest in include Washington state’s Puget Sound region that encompasses Seattle, as well as Arlington, Virginia and Nashville, Tennessee where Amazon has opened fast-growing offices. The company employs more than 75,000 people in the Puget Sound region alone thanks to its headquarters in the state, and it has around 1,000 employees each in Virginia and Tennessee with plans to expand those workforces to more than 5,000 employees in each sector. (These numbers do not include Amazon’s much larger warehouse, seasonal, and contract workforce that push its employment figures over 1 million people as of October of last year.) Amazon’s announcement may once have included planned investment for New York… Read full this story
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