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 | $650,688,893 | 200 |
| Federal (grants and allocated tax credits) | $13,095,584 | 10 |
| TOTAL | $663,784,477 | 210 |
| 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 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! AND ITS SUBSIDIARIES; 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.
| Top 5 States for state/local awards | Total Subsidy $ | Number of Awards |
|---|---|---|
| New York | $492,415,449 | 29 |
| New Jersey | $98,721,910 | 7 |
| North Carolina | $9,803,327 | 3 |
| Washington | $6,687,725 | 10 |
| Florida | $6,490,000 | 3 |
| All other | $36,570,482 | 148 |
Individual Subsidy Records:
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| Company | Location | Subsidy Source | Year |
Subsidy Value |
Loan/Bailout Value | Type of Subsidy |
|---|---|---|---|---|---|---|
| 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 | |
| Cellco Partnership dba Verizon | North Carolina | state | 2005 | $112,500 | grant | |
| Verizon Wireless | Alabama | state | 2010 | $112,329 | cost reimbursement | |
| Verizon Communications | Maryland | state | 2008 | $111,023 | tax credit/rebate | |
| Verizon Pennsylvania, Inc. | Pennsylvania | state | $100,000 | training reimbursement | ||
| IQ Engines | United States | federal | 2007 | $100,000 | federal grant | |
| Verizon Data Services, LLC | Pennsylvania | state | 2012 | $96,797 | tax credit/rebate | |
| Verizon Communications, Inc. | Maryland | state | 2012 | $92,813 | tax credit/rebate | |
| Verizon Communications, Inc. | Maryland | state | 2014 | $92,813 | tax credit/rebate | |
| Verizon Business Purchasing LLC | Colorado | state | $90,353 | tax credit/rebate | ||
| Hotjobs.com, LTD | Florida | state | 2001 | $90,000 | tax credit/rebate | |
| Verizon Services Corp. | Pennsylvania | state | 2017 | $83,393 | tax credit/rebate | |
| Verizon Data Services LLC | Pennsylvania | state | 2009 | $82,468 | tax credit/rebate | |
| Verizon Communications, Inc. | Maryland | state | 2011 | $77,637 | tax credit/rebate | |
| Verizon Business Network Services, Inc. | Pennsylvania | state | 2013 | $75,399 | tax credit/rebate | |
| YAHOO INC | Washington | state | 2007 | $74,045 | tax credit/rebate | |
| Verizon Communications | Maryland | state | 2010 | $73,996 | tax credit/rebate | |
| Verizon Data Services, LLC | Pennsylvania | state | 2014 | $70,754 | tax credit/rebate | |
| Verizon Services Corp. | Pennsylvania | state | 2016 | $69,183 | tax credit/rebate | |
| Verizon Business Network Services, Inc. | Pennsylvania | state | 2014 | $65,964 | tax credit/rebate | |
| MapQuest PA, Inc. | Pennsylvania | state | 2011 | $61,926 | tax credit/rebate | |
| CELLCO PARTNERSHIP | Colorado | state | 2014 | $55,665 | tax credit/rebate | |
| CELLCO PARTNERSHIP | Colorado | state | 2014 | $55,350 | tax credit/rebate | |
| AOL Advertising, Inc. | Maryland | state | 2016 | $54,520 | tax credit/rebate | |
| Verizon Data Services, LLC | Pennsylvania | state | 2010 | $54,514 | tax credit/rebate | |
| Verizon Business Network Services, Inc. | Pennsylvania | state | 2012 | $53,082 | tax credit/rebate | |
| VERIZON CORPORATE RESOURCES GR | Oklahoma | state | 2014 | $53,047 | grant | |
| MapQuest, Inc. | Pennsylvania | state | 2008 | $52,293 | tax credit/rebate | |
| Verizon Business Network Services, Inc. | Pennsylvania | state | 2016 | $44,986 | tax credit/rebate | |
| Cellco Partnership | Pennsylvania | state | 2012 | $43,416 | tax credit/rebate | |
| Cellco Partnership | Pennsylvania | state | 2013 | $43,228 | tax credit/rebate | |
| Cellco Partnership | Pennsylvania | state | 2011 | $41,741 | tax credit/rebate | |
| AOL Advertising, Inc. | Maryland | state | 2015 | $40,464 | tax credit/rebate | |
| Cellco Partnership dba Verizon | North Carolina | state | 2007 | $37,500 | grant | |
| Cellco Partnership | Pennsylvania | state | 2017 | $36,910 | tax credit/rebate | |
| Yahoo! | Oregon | state | 2004 | $34,976 | training reimbursement | |
| Yahoo! | Oregon | state | 2006 | $30,356 | training reimbursement | |
| Platte River Cellular Inc | Colorado | state | $28,833 | tax credit/rebate | ||
| AOL Advertising, Inc. | Maryland | state | 2010 | $28,338 | tax credit/rebate | |
| Mapquest PA, Inc. | Pennsylvania | state | 2010 | $27,939 | tax credit/rebate | |
| AOL Advertising, Inc. | Maryland | state | 2012 | $26,419 | tax credit/rebate | |
| AOL Advertising, Inc. | Maryland | state | 2014 | $26,419 | tax credit/rebate | |
| Mapquest PA, Inc. | Pennsylvania | state | 2009 | $25,815 | tax credit/rebate | |
| Platform-A, Inc. (fna Advertising.com) | Maryland | state | 2008 | $25,248 | tax credit/rebate | |
| MCI Communications Services, Inc. | Pennsylvania | state | 2013 | $25,157 | tax credit/rebate | |
| GTE Cellular Communications | Virginia | local | 1997 | $25,000 | grant | |
| CELLULAR INC NETWORK CORP | Colorado | state | 2014 | $22,361 | tax credit/rebate | |
| Verizon Corporate Resource Group, LLC | Pennsylvania | state | 2010 | $21,986 | tax credit/rebate | |
| CELLULAR INC NETWORK CORP | Colorado | state | 2014 | $20,692 | tax credit/rebate | |
| Mapquest PA, Inc. | Pennsylvania | state | 2015 | $19,559 | tax credit/rebate | |
| CELLULAR INC NETWORK CORP | Colorado | state | 2014 | $19,324 | tax credit/rebate | |
| CELLULAR INC NETWORK CORP | Colorado | state | 2014 | $18,886 | tax credit/rebate | |
| AOL Advertising, Inc. | Maryland | state | 2011 | $18,604 | tax credit/rebate | |
| CELLULAR INC NETWORK CORP | Colorado | state | 2014 | $17,825 | tax credit/rebate | |
| CELLULAR INC NETWORK CORP | Colorado | state | 2014 | $16,823 | tax credit/rebate | |
| CELLULAR INC NETWORK CORP | Colorado | state | 2014 | $14,986 | tax credit/rebate | |
| Verizon Business Network Services, Inc. | Pennsylvania | state | 2017 | $14,203 | tax credit/rebate | |
| CELLULAR INC NETWORK CORP | Colorado | state | 2014 | $14,032 | tax credit/rebate | |
| CELLULAR INC NETWORK CORP | Colorado | state | 2014 | $13,824 | tax credit/rebate | |
| CELLULAR INC NETWORK CORP | Colorado | state | 2014 | $13,824 | tax credit/rebate | |
| CELLULAR INC NETWORK CORP | Colorado | state | 2014 | $12,178 | tax credit/rebate | |
| Alltel Corporation | Colorado | state | $12,105 | tax credit/rebate | ||
| IQ ENGINES, INC. | United States | federal | 2011 | $12,000 | federal grant | |
| CELLCO PARTNERSHIP | Colorado | state | 2014 | $11,790 | tax credit/rebate | |
| Verizon Data Services Inc. | Pennsylvania | state | 2008 | $11,693 | tax credit/rebate | |
| CELLCO PARTNERSHIP | Colorado | state | 2014 | $10,831 | tax credit/rebate | |
| Verizon Corporate Services Group, Inc. | Pennsylvania | state | 2009 | $10,746 | tax credit/rebate | |
| CELLCO PARTNERSHIP | Colorado | state | 2014 | $10,486 | tax credit/rebate | |
| MCI Communications Services, Inc. | Pennsylvania | state | 2011 | $9,681 | tax credit/rebate | |
| CELLCO PARTNERSHIP | Colorado | state | 2014 | $9,240 | tax credit/rebate | |
| Cellco Partnership | Pennsylvania | state | 2016 | $9,233 | tax credit/rebate | |
| AOL Advertising, Inc. (FKA Platform-A, Inc.) | Maryland | state | 2009 | $9,027 | tax credit/rebate | |
| CELLULAR INC NETWORK CORP | Colorado | state | 2014 | $8,966 | tax credit/rebate | |
| CELLULAR INC NETWORK CORP | Colorado | state | 2014 | $8,643 | tax credit/rebate | |
| Verizon Data Services, LLC | Pennsylvania | state | 2013 | $8,517 | tax credit/rebate | |
| Verizon Data Services, LLC | Pennsylvania | state | 2011 | $8,461 | tax credit/rebate | |
| CELLCO PARTNERSHIP | Colorado | state | 2014 | $7,831 | tax credit/rebate | |
| CELLULAR INC NETWORK CORP | Colorado | state | 2014 | $6,976 | tax credit/rebate | |
| CELLCO PARTNERSHIP | Colorado | state | 2014 | $6,718 | tax credit/rebate | |
| Verizon Services Organization, Inc. | Pennsylvania | state | 2012 | $5,851 | tax credit/rebate | |
| CELLCO PARTNERSHIP | Colorado | state | 2014 | $5,725 | tax credit/rebate | |
| CELLCO PARTNERSHIP | Colorado | state | 2014 | $5,689 | tax credit/rebate | |
| CELLULAR INC NETWORK CORP | Colorado | state | 2014 | $5,537 | tax credit/rebate | |
| CELLULAR INC NETWORK CORP | Colorado | state | 2014 | $5,337 | tax credit/rebate | |
| CELLULAR INC NETWORK CORP | Colorado | state | 2013 | $5,069 | tax credit/rebate | |
| CELLULAR INC NETWORK CORP | Colorado | state | 2014 | $4,946 | tax credit/rebate | |
| CELLULAR INC NETWORK CORP | Colorado | state | 2014 | $4,777 | tax credit/rebate | |
| CELLCO PARTNERSHIP | Colorado | state | 2014 | $4,219 | tax credit/rebate | |
| Mapquest PA, Inc. | Pennsylvania | state | 2014 | $3,604 | tax credit/rebate | |
| CELLCO PARTNERSHIP | Colorado | state | 2014 | $3,534 | tax credit/rebate | |
| CELLULAR INC NETWORK CORP | Colorado | state | 2014 | $3,001 | tax credit/rebate | |
| CELLULAR INC NETWORK CORP | Colorado | state | 2013 | $2,974 | tax credit/rebate | |
| CELLULAR INC NETWORK CORP | Colorado | state | 2013 | $2,853 | tax credit/rebate | |
| CELLCO PARTNERSHIP | Colorado | state | 2014 | $2,115 | tax credit/rebate | |
| CELLCO PARTNERSHIP | Colorado | state | 2014 | $2,073 | tax credit/rebate | |
| CELLCO PARTNERSHIP | Colorado | state | 2014 | $2,040 | tax credit/rebate | |
| CELLULAR INC NETWORK CORP | Colorado | state | 2013 | $1,984 | tax credit/rebate |
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