Economy
Big business
A growing number of cities are scrambling for the affections of online titan Amazon in the wake of the company’s September announcement that it was opening up its hunt for a second headquarters. The latest places to join the contenders are Toronto and Chicago, which placed their bids this week. Amazon has said it will spend $5bn (€4.25bn) building HQ2 and promises 50,000 jobs, making it an alluring prospect for any city. While competition is fierce – Baltimore, New York and Nashville are also in the running – Torontonians are convinced they have the edge. After all, this week another major US technology company announced its investment in Toronto: Google’s urban-innovation company Sidewalk Labs is teaming with the city to build an ideal urban neighbourhood. Could Amazon follow Google’s lead and look north of the border? The winning city of the new HQ will be chosen next year.