Amazon to Open 84,000 Square Foot Expansion in Portland

By Douglas A. McIntyre Updated Jan 30, 5:07PM EST · Published Aug 22, 6:51AM EDT

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Amazon to Open 84,000 Square Foot Expansion in Portland — © David Ryder / Getty Images

In a sign of how rapidly Amazon.com Inc. (NASDAQ: AMZN | AMZN Price Prediction) continues to expand in the United States, it will open 84,000 square feet of new office space in Portland, Oregon. That is one of 18 tech hubs in the United States, another example of how huge Amazon’s location footprint has expanded.

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The new office signals Amazon’s intent to add new jobs in Portland. The company said jobs immediately would expand by 400. Amazon already has 3,500 employees in Oregon, and it has put $9 billion of investment into the state since 2010. These include both jobs for its e-commerce business and Amazon Web Services employment. AWS is Amazon’s cloud operation and its highest margin division. CEO Jeff Bezos has said its size eventually will rival the e-commerce divisions.

Amazon’s tech hubs employ over 20,000 workers worldwide.

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The announcement is a reminder of what Amazon can do for local economies. It recently conducted a search for what it called a “second headquarters.” It picked New York City and an area outside Washington, D.C. Political pressure made it drop the New York location. Amazon will concentration on the one in National Landing, an area owned by Arlington County and the city of Alexandria. Amazon could add 50,000 jobs there.

Amazon has gone from a company largely based in Seattle to one with large facilities around the United States and overseas. Its global employee count is 650,000 and growing.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.