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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 CORPORATE RESOURCES GROUP LLC | Oklahoma | state | 2020 | $814,080 | | grant |
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 |
Verizon Communications, Inc. & Affiliated Companies | Nebraska | state | 2022 | $3,597,125 | | tax rebate |
Bell Atlantic Mobile Systems | North Carolina | state | 2010 | $97,055 | | tax credit/rebate |
Verizon Business Network Services | North Carolina | state | 2017 | $75,000 | | tax credit/rebate |
Verizon Business Network Services | North Carolina | state | 2018 | $75,000 | | tax credit/rebate |
Verizon Business Network Services | North Carolina | state | 2019 | $75,000 | | tax credit/rebate |
Verizon Business Network Services | North Carolina | state | 2020 | $75,000 | | tax credit/rebate |
Verizon Business Network Services | North Carolina | state | 2016 | $161,215 | | tax credit/rebate |
Verizon Business Network Services | North Carolina | state | 2015 | $322,430 | | tax credit/rebate |
MCI WorldCome Network Services Inc. and CW Richardson Properties L.P. | Texas | local | 2000 | undisclosed | | tax credit/rebate |
MCI WorldCom Network Services Inc. | Texas | local | 2000 | undisclosed | | tax credit/rebate |
Verizon Wireless | Nebraska | local | 2011 | $953,618 | | tax increment financing |
Cellco Partnership/Verizon Wireless | Tennessee | local | 2011 | undisclosed | | property tax abatement |
Verizon Wireless Tennessee Ptnrship. | Tennessee | local | 2011 | undisclosed | | property tax abatement |
GTE | Texas | local | 1988 | undisclosed | | property tax abatement |
Bell Atlantic | Virginia | local | 1992 | $600,000 | | grant |
GTE Cellular Communications | Virginia | local | 1997 | $25,000 | | grant |
VERIZON NEW YORK INC | New York | local | 2011 | $125,502 | | property tax abatement |
VERIZON NEW YORK INC | New York | local | 2011 | $203,795 | | property tax abatement |
VERIZON NEW YORK INC | New York | local | 2011 | $203,879 | | property tax abatement |
VERIZON NEW YORK INC | New York | local | 2011 | $203,879 | | property tax abatement |
VERIZON NEW YORK INC | New York | local | 2011 | $203,879 | | property tax abatement |
VERIZON NEW YORK INC | New York | local | 2011 | $203,879 | | property tax abatement |
VERIZON NEW YORK INC | New York | local | 2011 | $203,962 | | property tax abatement |
VERIZON NEW YORK INC | New York | local | 2011 | $204,129 | | property tax abatement |
VERIZON NEW YORK INC | New York | local | 2012 | $122,686 | | property tax abatement |
VERIZON NEW YORK INC | New York | local | 2012 | $199,239 | | property tax abatement |
VERIZON NEW YORK INC | New York | local | 2012 | $199,239 | | property tax abatement |
VERIZON NEW YORK INC | New York | local | 2012 | $199,322 | | property tax abatement |
VERIZON NEW YORK INC | New York | local | 2012 | $199,322 | | property tax abatement |
VERIZON NEW YORK INC | New York | local | 2012 | $199,322 | | property tax abatement |
VERIZON NEW YORK INC | New York | local | 2012 | $199,322 | | property tax abatement |
VERIZON NEW YORK INC | New York | local | 2012 | $199,489 | | property tax abatement |
Cellco Partnership | California | local | 2012 | undisclosed | | enterprise zone |
Verizon Communications 191 | California | local | 2012 | undisclosed | | enterprise zone |
Verizon Wireless | Arizona | local | 2013 | undisclosed | | property tax abatement |
Verizon Wireless LLC, dba Verizon Wireless | Arizona | local | 2013 | undisclosed | | property tax abatement |
CELLCO PARTNERSHIP D/B/A VERIZON WIRELESS | Tennessee | local | 2012 | undisclosed | | property tax abatement |
VERIZON WIRELESS TENNESSEE PARTNERSHIP | Tennessee | local | 2012 | undisclosed | | property tax abatement |
Verizon Wireless Tenn. Ptnrship. | Tennessee | local | 2013 | undisclosed | | property tax abatement |
Cellco Partnership/Verizon Wireless | Tennessee | local | 2013 | undisclosed | | property tax abatement |
Cellco Partnership/Verizon | South Carolina | local | 2004 | undisclosed | | property tax abatement |
VERIZON | Nebraska | local | 2018 | $2,509,568 | | tax increment financing |
Verizon Wireless, LLC | Arizona | Local | 2016 | undisclosed | | property tax abatement |
Alltel (Western Wireless) | Kansas | local | 2022 | $250,000 | | grant/loan hybrid program |
Verizon Wireless | Nebraska | local | 2017 | $240,100 | | tax increment financing |
Verizon Wireless | Nebraska | local | 2008 | $249,130 | | tax increment financing |
Verizon Wireless | Nebraska | local | 2009 | $230,189 | | tax increment financing |
Verizon Wireless | Nebraska | local | 2010 | $228,358 | | tax increment financing |
Verizon Wireless | Nebraska | local | 2011 | $231,706 | | tax increment financing |
Verizon Wireless | Nebraska | local | 2012 | $231,057 | | tax increment financing |
Verizon Wireless | Nebraska | local | 2013 | $231,182 | | tax increment financing |
Verizon Wireless | Nebraska | local | 2014 | $230,702 | | tax increment financing |
Verizon Wireless | Nebraska | local | 2015 | $240,434 | | tax increment financing |
Verizon Wireless | Nebraska | local | 2016 | $241,481 | | tax increment financing |
Verizon New York Inc | United States | federal | 2012 | $135,750 | | federal grant |
Cellco Partnership | United States | federal | 2012 | $210,000 | | federal grant |
Cellco Partnership | United States | federal | 2013 | $115,947 | | federal grant |
Western Wireless International Corporation | United States | federal | 2003 | | $50,000,000 | federal loan or loan guarantee |
Western Wireless International Corporation | United States | federal | 2002 | | $18,000,000 | federal insurance |
Verizon | United States | federal | 2008 | | $794,200,000 | federal loan or loan guarantee |
Verizon | United States | federal | 2008 | | $685,000,000 | federal loan or loan guarantee |