Amazon announced Thursday that it will build a new headquarters to supplement its existing base in Seattle. The new headquarters, which Amazon calls HQ2, will be located in an American city and is expected to cost $5 billion to build.

Amazon claims that HQ2 will host 50,000 new jobs and that “construction and operation of Amazon HQ2 is expected to create tens of thousands of additional jobs and tens of billions of dollars in additional investment in the surrounding community.”