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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 | $262,907,483 | 328 |
Federal (grants and allocated tax credits) | $461,697 | 3 |
TOTAL | $263,369,180 | 331 |
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 State and Local Awards: Earliest year of data: 1988. Availability of data for earlier years varies greatly from program to program. The majority of the listings for this parent company are for the period since 2014.
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 | $180,321,910 | 8 |
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.
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Company | Location | Subsidy Source | Year | Subsidy Value | Loan/Bailout Value | Type of Subsidy |
Verizon Wireless | Nebraska | local | 2012 | $231,057 | | tax increment financing |
Verizon Wireless | Nebraska | local | 2013 | $231,182 | | tax increment financing |
Verizon Wireless | Nebraska | local | 2011 | $231,706 | | tax increment financing |
VERIZON CORPORATE RESOURCES | Oklahoma | state | 2015 | $238,004 | | grant |
Verizon Wireless | Nebraska | local | 2017 | $240,100 | | tax increment financing |
Verizon Wireless | Nebraska | local | 2015 | $240,434 | | tax increment financing |
Verizon Wireless | Nebraska | local | 2016 | $241,481 | | tax increment financing |
VERIZON WIRELESS | South Carolina | state | 2008 | $242,675 | | training reimbursement |
Verizon Wireless | Nebraska | local | 2008 | $249,130 | | tax increment financing |
Verizon Wireless | Pennsylvania | state | | $250,000 | | training reimbursement |
Alltel (Western Wireless) | Kansas | local | 2022 | $250,000 | | grant/loan hybrid program |
VERIZON CORPORATE RESOURCES | Oklahoma | state | 2015 | $254,040 | | grant |
Alltel Communications | Arizona | state | 2008 | $301,814 | | training reimbursement |
Verizon Northwest, Inc. | Idaho | state | 2004 | $309,898 | | training reimbursement |
Cellco Partnership | Colorado | state | 2018 | $311,471 | | tax credit/rebate |
Verizon Business Network Services | North Carolina | state | 2015 | $322,430 | | tax credit/rebate |
Cellco Partnership | Colorado | state | 2018 | $341,371 | | tax credit/rebate |
Verizon Wireless | Pennsylvania | state | | $350,000 | | grant |
Cellco Partnership dba Verizon Wireless | Ohio | state | 2008 | $380,140 | | tax credit/rebate |
VERIZON CORPORATE RESOURCES GROUP LLC | Oklahoma | state | 2021 | $396,628 | | grant |
Cellco Partnership | Maryland | state | 2005 | $400,000 | | grant/loan hybrid program |
MCI Telecommunications | Idaho | state | 1998 | $440,800 | | training reimbursement |
VERIZON CORPORATE RESOURCES | Oklahoma | state | 2015 | $478,503 | | grant |
VERIZON CORPORATE RESOURCES GROUP LLC | Oklahoma | state | 2019 | $478,934 | | grant |
VERIZON CORPORATE RESOURCES GROUP LLC | Oklahoma | state | 2020 | $490,491 | | grant |
VERIZON CORPORATE RESOURCES GROUP LLC | Oklahoma | state | 2021 | $490,846 | | grant |
VERIZON CORPORATE RESOURCES GROUP LLC | Oklahoma | state | 2020 | $500,375 | | grant |
Cellco Partnership | Nebraska | state | 2018 | $518,426 | | tax credit/rebate |
VERIZON CORPORATE RESOURCES GROUP LLC | Oklahoma | state | 2019 | $547,525 | | grant |
Verizon Wireless | Pennsylvania | state | | $549,925 | | training reimbursement |
VERIZON CORPORATE RESOURCES GROUP LLC | Oklahoma | state | 2020 | $550,855 | | grant |
Verizon New Jersey Inc. & Verizon Services Corp. | New Jersey | state | 2002 | $556,010 | | grant |
VERIZON CORPORATE RESOURCES GROUP LLC | Oklahoma | state | 2019 | $559,750 | | grant |
VERIZON CORPORATE RESOURCES GROUP LLC | Oklahoma | state | 2021 | $571,028 | | grant |
VERIZON CORPORATE RESOURCES GROUP LLC | Oklahoma | state | 2021 | $580,674 | | grant |
Cellco Partnership dba Verizon Wireless | New Mexico | state | 2008 | $584,368 | | training reimbursement |
Bell Atlantic | Virginia | local | 1992 | $600,000 | | grant |
Cellco Partnership d/b/a Verizon Wireless | Pennsylvania | state | | $676,000 | | tax credit/rebate |
Cellco Partnership | Colorado | state | 2020 | $705,120 | | tax credit/rebate |
Verizon Wireless | Pennsylvania | state | | $728,000 | | tax credit/rebate |
Verizon Wireless | Pennsylvania | state | | $750,000 | | grant |
Verizon Communications, Inc. | Maryland | state | 2004 | $764,160 | | tax credit/rebate |
CELLCO PARTNERSHIP | New Mexico | state | 2012 | $766,193 | | tax credit/rebate |
Verizon Connected Solutions, Inc. | New Jersey | state | 1997 | $799,400 | | grant |
VERIZON CORPORATE RESOURCES GROUP LLC | Oklahoma | state | 2020 | $814,080 | | grant |
CELLCO PARTNERSHIP DBA VERIZON WIRELESS | California | state | 2005 | $872,905 | | training reimbursement |
VERIZON CORPORATE RESOURCES GROUP LLC | Oklahoma | state | 2019 | $924,240 | | grant |
Cellco Partnership d/b/a Verizon Wireless | Illinois | state | 2014 | $952,493 | | tax credit/rebate |
Verizon Wireless | Nebraska | local | 2011 | $953,618 | | tax increment financing |
Verizon Wireless | Nebraska | state | 2007 | $993,440 | | tax credit/rebate |
MCI WORLDCOM NETWORK SERVICES, INC. | Missouri | state | 2001 | $1,018,500 | | tax credit/rebate |
Verizon | New Jersey | state | 2005 | $1,155,000 | | tax credit/rebate |
Verizon | New Jersey | state | 2005 | $1,296,000 | | Tax credit/rebate |
CELLCO PARTNERSHIP | Colorado | state | 2017 | $1,393,638 | | tax credit/rebate |
Intermedia Communications, Inc. | Florida | state | 1997 | $1,600,000 | | tax credit/rebate |
Verizon New Jersey Inc. & Verizon Services Corp. | New Jersey | state | 2002 | $1,687,500 | | grant |
VERIZON WIRELESS | Arkansas | state | 2010 | $1,847,548 | | tax credit/rebate |
VERIZON | Nebraska | local | 2018 | $2,509,568 | | tax increment financing |
CELLCO PARTNERSHIP | Arkansas | state | | $2,670,942 | | tax credit/rebate |
Cellco Partnership | Colorado | state | | $3,053,283 | | tax credit/rebate |
CELLCO PARTNERSHIP | New Mexico | state | 2013 | $3,440,933 | | tax credit/rebate |
Verizon Communications, Inc. & Affiliated Companies | Nebraska | state | 2022 | $3,597,125 | | tax rebate |
Cellco Partnership | Ohio | state | 2013 | $4,636,474 | | tax credit/rebate |
Verizon Corporate Resources Group | Florida | state | 2014 | $4,800,000 | | tax credit/rebate |
Cellco Partnership (d/b/a Verizon Wireless) | New Jersey | state | 2012 | $5,478,000 | | grant |
Cellco Partnership | Nebraska | state | 2019 | $8,229,369 | | tax rebate |
Cellco Partnership d/b/a Verizon | North Carolina | state | 2004 | $9,653,327 | | grant |
Verizon Communications | New Jersey | state | 2005 | $81,600,000 | | MEGADEAL (Archived) |
Verizon Communications Inc., et al | New Jersey | state | 2005 | $87,750,000 | | grant |