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Megadeals
Subsidy Tracker Parent Company Summary
Parent Company Name: Verizon Communications
Ownership Structure: publicly traded (ticker symbol VZ)
Headquartered in: New York
Major Industry: telecommunications
Specific Industry: telecommunications
| Subsidy Summary | Subsidy Value | Number of Awards |
| State/Local | $181,307,483 | 327 |
| Federal (grants and allocated tax credits) | $461,697 | 3 |
| TOTAL | $181,769,180 | 330 |
| Loan / Bailout Summary | Total Face Value | Number of Awards |
| State/Local loans, bond financing and venture capital | $0 | 0 |
| Federal loans, loan guarantees and bailout assistance (not including repayments) | $1,547,200,000 | 4 |
| TOTAL | $1,547,200,000 | 4 |
Time Period for Federal Awards: FY2000 to the present
Notes: The dollar total above adjusts for the fact that there is an overlap between the amount in the Megadeal entry and that of one or more of the other entries. Dollar totals do not include awards for which no subsidy value is disclosed.
Links: For a summary of this company's regulatory violations see its Violation Tracker summary page
here.
| Top 5 States for state/local awards | Total Subsidy $ | Number of Awards |
| New Jersey | $98,721,910 | 7 |
| Nebraska | $19,155,885 | 16 |
| North Carolina | $10,744,374 | 11 |
| Oklahoma | $8,437,516 | 20 |
| Colorado | $7,801,300 | 174 |
| All other | $36,446,498 | 99 |
Individual Subsidy Records:
Click on the company name for more information on each subsidy award.
| Company | Location | Subsidy Source | Year  | Subsidy Value | Loan/Bailout Value | Type of Subsidy |
| Verizon Communications, Inc. & Affiliated Companies | Nebraska | state | 2022 | $3,597,125 | | tax rebate |
| Alltel (Western Wireless) | Kansas | local | 2022 | $250,000 | | grant/loan hybrid program |
| VERIZON CORPORATE RESOURCES GROUP LLC | Oklahoma | state | 2021 | $396,628 | | grant |
| VERIZON CORPORATE RESOURCES GROUP LLC | Oklahoma | state | 2021 | $490,846 | | grant |
| VERIZON CORPORATE RESOURCES GROUP LLC | Oklahoma | state | 2021 | $571,028 | | grant |
| VERIZON CORPORATE RESOURCES GROUP LLC | Oklahoma | state | 2021 | $580,674 | | grant |
| MCI Communication Services Inc. | Maryland | state | 2021 | $1,699 | | tax credit/rebate |
| Verizon Communications Inc. | Maryland | state | 2021 | $25,173 | | tax credit/rebate |
| Verizon Services Corp. | Maryland | state | 2021 | $8,304 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2020 | $5,073 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2020 | $5,100 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2020 | $5,894 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2020 | $6,005 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2020 | $6,085 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2020 | $6,285 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2020 | $7,563 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2020 | $8,336 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2020 | $8,483 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2020 | $9,070 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2020 | $22,047 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2020 | $57,932 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2020 | $161,560 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2020 | $705,120 | | tax credit/rebate |
| VERIZON CORPORATE RESOURCES GROUP LLC | Oklahoma | state | 2020 | $40,816 | | grant |
| VERIZON CORPORATE RESOURCES GROUP LLC | Oklahoma | state | 2020 | $490,491 | | grant |
| VERIZON CORPORATE RESOURCES GROUP LLC | Oklahoma | state | 2020 | $500,375 | | grant |
| VERIZON CORPORATE RESOURCES GROUP LLC | Oklahoma | state | 2020 | $550,855 | | grant |
| VERIZON CORPORATE RESOURCES GROUP LLC | Oklahoma | state | 2020 | $814,080 | | grant |
| Verizon Business Network Services | North Carolina | state | 2020 | $75,000 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2019 | $20,737 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2019 | $14,932 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2019 | $10,928 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2019 | $10,485 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2019 | $10,368 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2019 | $7,480 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2019 | $7,428 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2019 | $6,917 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2019 | $6,494 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2019 | $5,090 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2019 | $4,243 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2019 | $4,009 | | tax credit/rebate |
| Cellular Inc. Network Corporation | Colorado | state | 2019 | $3,711 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2019 | $3,706 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2019 | $3,471 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2019 | $3,407 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2019 | $3,263 | | tax credit/rebate |
| Cellular Inc. Network Corporation | Colorado | state | 2019 | $3,122 | | tax credit/rebate |
| Cellular Inc. Network Corporation | Colorado | state | 2019 | $2,936 | | tax credit/rebate |
| Cellular Inc. Network Corporation | Colorado | state | 2019 | $2,830 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2019 | $2,674 | | tax credit/rebate |
| Cellular Inc. Network Corporation | Colorado | state | 2019 | $2,480 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2019 | $2,400 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2019 | $2,195 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2019 | $2,178 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2019 | $2,069 | | tax credit/rebate |
| Cellular Inc. Network Corporation | Colorado | state | 2019 | $1,904 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2019 | $1,754 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2019 | $1,743 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2019 | $1,671 | | tax credit/rebate |
| Cellular Inc. Network Corporation | Colorado | state | 2019 | $1,662 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2019 | $1,559 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2019 | $1,557 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2019 | $1,518 | | tax credit/rebate |
| Cellular Inc. Network Corporation | Colorado | state | 2019 | $1,473 | | tax credit/rebate |
| Cellular Inc. Network Corporation | Colorado | state | 2019 | $1,428 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2019 | $1,385 | | tax credit/rebate |
| Cellular Inc. Network Corporation | Colorado | state | 2019 | $1,385 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2019 | $1,371 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2019 | $1,358 | | tax credit/rebate |
| Cellular Inc. Network Corporation | Colorado | state | 2019 | $1,189 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2019 | $1,180 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2019 | $1,128 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2019 | $1,062 | | tax credit/rebate |
| Cellular Inc. Network Corporation | Colorado | state | 2019 | $1,055 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2019 | $1,051 | | tax credit/rebate |
| Cellco Partnership | Nebraska | state | 2019 | $8,229,369 | | tax rebate |
| VERIZON CORPORATE RESOURCES GROUP LLC | Oklahoma | state | 2019 | $478,934 | | grant |
| VERIZON CORPORATE RESOURCES GROUP LLC | Oklahoma | state | 2019 | $547,525 | | grant |
| VERIZON CORPORATE RESOURCES GROUP LLC | Oklahoma | state | 2019 | $559,750 | | grant |
| VERIZON CORPORATE RESOURCES GROUP LLC | Oklahoma | state | 2019 | $924,240 | | grant |
| Verizon Business Network Services | North Carolina | state | 2019 | $75,000 | | tax credit/rebate |
| VERIZON | Nebraska | local | 2018 | $2,509,568 | | tax increment financing |
| Cellco Partnership | Colorado | state | 2018 | $341,371 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2018 | $311,471 | | tax credit/rebate |
| CELLCO PARTNERSHIP | Colorado | state | 2018 | $20,053 | | tax credit/rebate |
| CELLCO PARTNERSHIP | Colorado | state | 2018 | $16,536 | | tax credit/rebate |
| CELLCO PARTNERSHIP | Colorado | state | 2018 | $5,861 | | tax credit/rebate |
| CELLCO PARTNERSHIP | Colorado | state | 2018 | $5,561 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2018 | $5,244 | | tax credit/rebate |
| Cellco Parntership | Colorado | state | 2018 | $4,852 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2018 | $4,564 | | tax credit/rebate |
| CELLCO PARTNERSHIP | Colorado | state | 2018 | $3,870 | | tax credit/rebate |
| CELLCO PARTNERSHIP | Colorado | state | 2018 | $3,518 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2018 | $1,716 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2018 | $1,380 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2018 | $1,261 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2018 | $1,230 | | tax credit/rebate |
| CELLCO PARTNERSHIP | Colorado | state | 2018 | $1,056 | | tax credit/rebate |
| Cellco Partnership | Colorado | state | 2018 | $1,034 | | tax credit/rebate |
| Cellco Partnership | Nebraska | state | 2018 | $518,426 | | tax credit/rebate |
| Verizon Business Network Services | North Carolina | state | 2018 | $75,000 | | tax credit/rebate |
