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 SummarySubsidy ValueNumber of Awards
State/Local$644,809,208193
Federal (grants and allocated tax credits)$13,095,58410
TOTAL$657,904,792203
Loan / Bailout SummaryTotal Face ValueNumber of Awards
State/Local loans, bond financing and venture capital$00
Federal loans, loan guarantees and bailout assistance (not including repayments)$1,547,200,0004
TOTAL$1,547,200,0004
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 2012.

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.

Associated Names: 

ALLTEL; AOL; BELL ATLANTIC; CELLCO PARTNERSHIP; CELLULAR INC NETWORK CORP; FLURRY, INC.; GTE; HOTJOBS COM; Intermedia Communications, Inc.; IQ ENGINES; MAPQUEST PA; MCI; PLATFORM A FNA ADVERTISING COM; Platte River Cellular Inc; VERIZON; VERIZON SVC; VERIZON WIRELESS; WESTERN WIRELESS INTL; WORLDCOM; YAHOO; YAHOO! BF II

Links: 

For a summary of this company's regulatory violations see its Violation Tracker summary page here.

For more details on misconduct by this company, see its entry in the Project On Government Oversight's Federal Contractor Misconduct Database.

For an overview of political contributions associated with this company, see its Follow the Money page.

For more on the links between this company's federal political spending and its positions on proposed legislation, see its Maplight page.


Top 5 States for state/local awardsTotal Subsidy $Number of Awards
New York$487,685,03127
New Jersey$98,721,9107
North Carolina$9,803,3273
Washington$6,687,72510
Florida$6,490,0003
All other$35,421,215143

Individual Subsidy Records:

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Company Location Subsidy Source Year Subsidy Valuesort icon Loan/Bailout Value Type of Subsidy
Yahoo New York multiple 2009 $478,000,000 MEGADEAL
Verizon Communications Inc., et al New Jersey state 2005 $87,750,000 grant
Verizon Communications New Jersey state 2005 $81,600,000 MEGADEAL
YAHOO! INC. United States federal 2010 $9,921,887 federal grant
Cellco Partnership d/b/a Verizon North Carolina state 2004 $9,653,327 grant
Yahoo! BF II New York local 2015 $6,614,186 tax credit/rebate
Cellco Partnership (d/b/a Verizon Wireless) New Jersey state 2012 $5,478,000 grant
Verizon Corporate Resources Group Florida state 2014 $4,800,000 tax credit/rebate
Cellco Partnership Ohio state 2013 $4,636,474 tax credit/rebate
Yahoo! Inc. New York local 2014 $4,602,962 tax credit/rebate
Yahoo! Inc. New York local 2015 $3,994,430 tax credit/rebate
YAHOO INC Washington state 2015 $3,600,000 tax credit/rebate
CELLCO PARTNERSHIP New Mexico state 2013 $3,440,933 tax credit/rebate
Yahoo! BF II New York local 2014 $3,404,895 tax credit/rebate
Cellco Partnership Colorado state $3,053,283 tax credit/rebate
Yahoo! Inc. New York state 2015 $2,000,000 tax credit/rebate
VERIZON WIRELESS Arkansas state 2010 $1,847,548 tax credit/rebate
Yahoo! Inc. New York local 2009 $1,712,400 tax credit/rebate; property tax abatement
Verizon New Jersey Inc. & Verizon Services Corp. New Jersey state 2002 $1,687,500 grant
Intermedia Communications, Inc. Florida state 1997 $1,600,000 tax credit/rebate
YAHOO! INC Washington state 2016 $1,476,889 tax credit/rebate
BELL ATLANTIC CORP United States federal 2000 $1,400,000 federal grant
Verizon New Jersey state 2005 $1,296,000 Tax credit/rebate
Yahoo! Inc California state 2016 $1,283,847 training reimbursement
Verizon New Jersey state 2005 $1,155,000 tax credit/rebate
Yahoo! Nebraska state 2009 $1,060,000 training reimbursement
MCI WORLDCOM NETWORK SERVICES, INC. Missouri state 2001 $1,018,500 tax credit/rebate
Verizon Wireless Nebraska state 2007 $993,440 tax credit/rebate
Verizon Wireless Nebraska local 2011 $953,618 tax increment financing
Cellco Partnership d/b/a Verizon Wireless Illinois state 2014 $952,493 tax credit/rebate
Yahoo! Inc. New York local 2013 $931,944 tax credit/rebate; property tax abatement
Yahoo! Inc. New York local 2012 $911,859 tax credit/rebate; property tax abatement
CELLCO PARTNERSHIP DBA VERIZON WIRELESS California state 2005 $872,905 training reimbursement
Verizon Connected Solutions, Inc. New Jersey state 1997 $799,400 grant
CELLCO PARTNERSHIP New Mexico state 2012 $766,193 tax credit/rebate
Verizon Communications, Inc. Maryland state 2004 $764,160 tax credit/rebate
Verizon Wireless Pennsylvania state $750,000 grant
YAHOO! INC California state 2015 $749,040 training reimbursement
Verizon Wireless Pennsylvania state $728,000 tax credit/rebate
Cellco Partnership d/b/a Verizon Wireless Pennsylvania state $676,000 tax credit/rebate
Bell Atlantic Virginia local 1992 $600,000 grant
Cellco Partnership dba Verizon Wireless New Mexico state 2008 $584,368 training reimbursement
Verizon New Jersey Inc. & Verizon Services Corp. New Jersey state 2002 $556,010 grant
Verizon Wireless Pennsylvania state $549,925 training reimbursement
IQ Engines United States federal 2008 $500,000 federal grant
IQ ENGINES INC. United States federal 2010 $500,000 federal grant
YAHOO! INC. California state 2010 $493,852 training reimbursement
VERIZON CORPORATE RESOURCES Oklahoma state 2015 $478,503 grant
MCI Telecommunications Idaho state 1998 $440,800 training reimbursement
Cellco Partnership Maryland state 2005 $400,000 grant/loan hybrid program
Cellco Partnership dba Verizon Wireless Ohio state 2008 $380,140 tax credit/rebate
Verizon Wireless Pennsylvania state $350,000 grant
Verizon Northwest, Inc. Idaho state 2004 $309,898 training reimbursement
Alltel Communications Arizona state 2008 $301,814 training reimbursement
Yahoo! Inc. New York local 2011 $283,570 tax credit/rebate; property tax abatement
Yahoo! Inc. New York local 2010 $279,690 tax credit/rebate; property tax abatement
YAHOO INC Washington state 2010 $260,533 tax credit/rebate
VERIZON CORPORATE RESOURCES Oklahoma state 2015 $254,040 grant
YAHOO INC Washington state 2012 $251,649 tax credit/rebate
Verizon Wireless Pennsylvania state $250,000 training reimbursement
VERIZON WIRELESS South Carolina state 2008 $242,675 training reimbursement
VERIZON CORPORATE RESOURCES Oklahoma state 2015 $238,004 grant
YAHOO INC Washington state 2009 $227,914 tax credit/rebate
YAHOO SEARCH MARKETING California state 2007 $225,762 training reimbursement
YAHOO INC Washington state 2013 $217,992 tax credit/rebate
YAHOO! INC. California state 2012 $211,953 training reimbursement
Cellco Partnership United States federal 2012 $210,000 federal grant
YAHOO INC Washington state 2014 $209,639 tax credit/rebate
VERIZON NEW YORK INC New York local 2011 $204,129 property tax abatement
VERIZON NEW YORK INC New York local 2011 $203,962 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
YAHOO INC Washington state 2008 $203,867 tax credit/rebate
VERIZON NEW YORK INC New York local 2011 $203,795 property tax abatement
GTE Telephone Idaho state 1998 $200,000 training reimbursement
IQ ENGINES INC. United States federal 2010 $200,000 federal grant
VERIZON NEW YORK INC New York local 2012 $199,489 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 $199,239 property tax abatement
VERIZON NEW YORK INC New York local 2012 $199,239 property tax abatement
CELLULAR INC NETWORK CORP Colorado state $198,765 tax credit/rebate
VERIZON CORPORATE RESOURCES GR Oklahoma state 2014 $190,063 grant
Verizon Data Services, LLC Colorado state $178,721 tax credit/rebate
YAHOO INC Washington state 2011 $165,197 tax credit/rebate
Verizon Data Services, LLC Pennsylvania state 2016 $163,840 tax credit/rebate
VERIZON CORPORATE RESOURCES Oklahoma state 2015 $163,081 grant
Verizon Communications, Inc. Maryland state 2005 $159,561 tax credit/rebate
AOL Advertising, Inc. (FKA Platform-A, Inc.) Maryland state 2009 $140,744 tax credit/rebate
MCI Communications Services, Inc Colorado state $140,715 tax credit/rebate
Verizon New York Inc United States federal 2012 $135,750 federal grant
Verizon Communications, Inc. Maryland state 2007 $135,525 tax credit/rebate
VERIZON NEW YORK INC New York local 2011 $125,502 property tax abatement
VERIZON NEW YORK INC New York local 2012 $122,686 property tax abatement
Cellco Partnership United States federal 2013 $115,947 federal grant
Verizon Communications Maryland state 2009 $115,738 tax credit/rebate
VERIZON CORPORATE RESOURCES GR Oklahoma state 2014 $114,536 grant
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