NORTH CAROLINA -- Economic leaders around the Triad are banding together to attract Amazon to the area.

The company is taking bids from cities across the U.S. for its second headquarters. The $5 billion dollar project is estimated to bring 50,000 jobs.

Greensboro, Winston-Salem and High Point plan to make an joint-bid for the new location.

"Why not? The energy that they would bring to our state, to our region, would be unbelievable," said Robert Leak, President of Winston-Salem Business Inc.

Leak's nonprofit is working with the Greensboro Chamber of Commerce and the High Point Economic Development Corp. on the proposal.

"We feel like our area has been overlooked for a while as far as large office opportunities," Leak explained. "And this is one that we feel like we have a chance to at least make some noise about."

Leak says the Triad's low cost of living, highway network and the nearby colleges and universities could all be potential draws for the company.

Amazon released a list of what it's looking for in a headquarter city. The list highlights that the company wants a metropolitan area with more than one million people, a stable and friendly business environment, a location with potential to attract strong technical talent and a community that thinks big and creatively when it comes to possible locations for the headquarters.

Leak recognizes that the competition is fierce. Big cities like New York, Denver and Austin are all expected to make bids.

"We feel like we can compete when we combine ourselves," Leak said. "We wouldn't submit if we didn't think we had a chance."

Bids on the new project are due October 19. According to Amazon, the final site selection will be announced in 2018.