Worcester proposes Route 20 sites for Amazon's coveted HQ2 - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
October 18, 2017 Newswires
Share
Share
Post
Email

Worcester proposes Route 20 sites for Amazon’s coveted HQ2

Telegram & Gazette (Worcester, MA)

Oct. 18--WORCESTER -- The city is proposing nearly 100 acres along Route 20 as the potential site where Amazon should build its second headquarters, dubbed HQ2.

As part of a proposal sent Tuesday to the online giant, the city said it is also prepared to offer Amazon a number of incentives to come to Worcester, including up to $500 million in local real estate tax savings, a 100-percent personal property tax exemption over 20 years, an investment tax credit through the state, and research and development tax credits.

Other incentives offered include $1 million in job creation grant funds; District Improvement Financing funding; Massworks Infrastructure Program funding; Workforce Central Career Center Business Services; and a quick and streamlined permitting approval process.

The city's proposal, prepared in conjunction with the Worcester Economic Development Coordinating Council and the Worcester Regional Chamber of Commerce, includes a glossy 60-page booklet that offers information about Worcester, as well as letters of support from U.S. Rep. James P. McGovern, D-Worcester, members of the local legislative delegation, local business leaders and area higher education officials.

It also included a video highlighting Worcester. (Story continues below the video.)

In a joint letter that accompanied the city's proposal, City Manager Edward M. Augustus Jr. and Mayor Joseph M. Petty said Worcester is the right place for Amazon, given its central location and 8.5 million people living within a 60-mile radius of the city, with a skilled workforce educated by more than 135 colleges and institutes located with an hour's drive and a strong infrastructure with easy access to major interstate highways.

They also cited commuter rail to Boston and access to major airports, including Worcester Regional Airport, Logan International Airport, T.F. Green Airport and Bradley International Airport.

"This combination of assets provides unique opportunities for dynamic business growth," Mr. Augustus and Mr. Petty wrote in their letter.

The proposed Route 20 site for Amazon consists of 16 properties, totaling 98 acres.

Two major parcels -- 22.2 acres on the north side of Route 20 and 53.9 acres on the south side abut the MBTA commuter rail line along their west sides. Mr. Augustus said a rail spur could be built right to the property,

Another 21.9-acre parcel has been identified further west along Route 20, toward the Auburn line.

The addresses of the properties included in the proposal are 5-67 Southwest Cutoff, 50 Southwest Cutoff, 64 Southwest Cutoff and 115-131 Southwest Cutoff, according to Paul D. Morano Jr., director of the Business and Community Development Division of the city's Office of Economic Development.

He said all of the properties are privately owned and all of the owners were notified by the city that their properties were being included as part of the city's proposal to Amazon.

"These sites have excellent highway access, enormous development potential and proximity to the MBTA commuter rail line," Mr. Augustus said.

The city's proposal also identified potential additional sites in Auburn along Route 20 and Route 12 corridors.

Thursday is the deadline for communities to respond to Amazon's solicitation for its second headquarters.

In addition to the proposal Worcester has made, Mr. Augustus said the city will also be part of an application made by the state.

As part of that application, Mr. Augustus said the city has identified five potential downtown locations, primarily near the Union Station area.

Amazon has said it is looking to make a $5 billion investment in its HQ2.

Minimum site requirements set by Amazon call for a metropolitan area with more than 1 million people; an international airport within about 45 minutes; a major highway within two miles; and direct access to commuter rail and bus routes.

Minimum building requirements include 500,000 square feet of office space by 2019 and up to 8 million square feet of office space by 2027.

If a state or municipality does not have the required square footage readily available, Amazon has said it will consider a greenfield site of about 100 acres with utility infrastructure in place.

Timothy P. Murray, president and CEO of the Worcester Regional Chamber of Commerce, said Worcester is second to none when it comes to innovation and intellectual fire power.

He said a good pitch by the city could end up catching the attention of others if it should not win the Amazon sweepstakes.

"Some people might think this is pie in the sky, but Worcester can match up with any of them," he said in reference to potential competitors. "This application is going to be closely scrutinized by others beside Amazon so this is a good opportunity for us to tell Worcester's story."

Mr. Augustus, meanwhile, called the city's proposal "a worthwhile exercise" whether it is successful in attracting Amazon to Worcester or not.

District 3 Councilor George J. Russell expressed some disappointed, however, that neither he nor people living in his district were consulted ahead of time about the city's application.

He pointed out that one of the property owners is a relative of his, and he wanted to make it clear that he had nothing to do with the application

"I'm disappointed, quite frankly, especially since this is in the heart of District 3," Mr. Russell said. "I was not consulted on any impacts there might be to this area and I'm disappointed very much that folks at least weren't talked to about this."

___

(c)2017 Telegram & Gazette, Worcester, Mass.

Visit Telegram & Gazette, Worcester, Mass. at www.telegram.com

Distributed by Tribune Content Agency, LLC.

Older

Win or lose, Amazon quest gives Worcester a boost

Newer

Commissioners approve health insurance change

Advisor News

  • How advisors can prepare clients for an uncertain retirement landscape
  • Investors aren’t waiting out uncertainty
  • Transamerica and Advo(k)ate Advisors launch pooled employer plan
  • ‘I wish I’d met him sooner:’ Karlan Tucker remembered for integrity, faith
  • Why women must be more engaged in investing
More Advisor News

Annuity News

  • Jackson Financial CEO caps 40-year career with blockbuster Q2
  • Lumos Insurance introduces the Immediate Care Plan to help families fund long-term care
  • NAIC regulators begin consensus phase on annuity illustration overhaul
  • AM Best Revises Outlooks to Negative for Subsidiaries of Group 1001 Insurance Holdings, LLC
  • Market-value adjusted annuities: Key considerations for advisors
More Annuity News

Health/Employee Benefits News

  • Dream of universal health coverage fadingCalifornia nearly achieved universal healthcare. Now, millions are losing coverage
  • Medi-Cal is changing. Here's what to do if you're worried about coverageMedi-Cal is changing. Here's what to do if you're worried about coverage
  • 1199SEIU, owner of Auburn nursing home agree to new 3-year contract
  • Health insurance trust weighs options to pay Blue Cross
  • Study Findings on Managed Care Are Outlined in Reports from Lewis Katz School of Medicine (Geographic and Program Size Disparities in Medicare Funding for Graduate Medical Education): Managed Care
More Health/Employee Benefits News

Life Insurance News

  • iA Financial Group Reports Second Quarter Results
  • Supporting small businesses starts with smarter benefits conversations
  • Judge again tosses Penn Mutual whole life lawsuit alleging tax scam
  • Declined by a machine? The end of the unexplainable no
  • AM Best Revises Outlooks to Negative for Subsidiaries of Group 1001 Insurance Holdings, LLC
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Royal Neighbors Unveils Its 2026 Scholarship Recipients 2026 Royal Neighbors Scholars Making a Difference Across the Country
  • Ibexis Announces Expanded Bank Relationships and New Index Options for FIA Plus® and WealthDefender® Series
  • Agent Review Launches Video AI Identity Verification to Help Protect Insurance Professionals, Consumers and Public Trust
  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet