Subsidy Tracker Individual Entry

Company: 
Amazon
Parent Company: 
Amazon.com
Subsidy Source: 
multiple
Location: 
Illinois
Project Description: 

Warehouse Facility

Year: 
2017
Major Industry of Parent: 
retailing
Specific Industry of Parent: 
retail-internet
Subsidy Value: 
$83,125,187
Program Name: 
multiple
Awarding Agency: 
multiple
Type of Subsidy: 
MEGADEAL
Source of Data: 

Typically, EDGE subsidies are disclosed on Illinois? Corporate Accountability Portal. However, no subsidies to Amazon appeared on the portal from Fall 2016 to June 2017. This portal is online at: www.ilcorpacct.com A second portal was unveiled in March 2017 listing the total subsidies awarded to Amazon at three facilities totaling about $112 million. As of June 2017, the new portal lists $82,725,187 in subsidies. Illinois Edge Agreements, Department of Commerce and Economic Opportunity, online at (accessed June 15, 2017): https://www.illinois.gov/dceo/ExpandRelocate/Incentives/Pages/EdgeAgreem.... The value of the state assistance through EDGE Tax Credits reported on June 8th, 2017 is put at $86 million by a state official from the Chicago Tribune, "Amazon on its way to 9 fulfillment centers, 8,000 employees in Illinois," June 8, 2017. Online at: http://www.chicagotribune.com/business/ct-amazon-romeoville-distribution.... The value of the state assistance through EDGE Tax Credits reported in March 2017 is put at $112.2 million by Bloomberg BNA?s Daily Tax Report: State, ?Amazon Close to Breaking Wal-Mart Record for Subsidies,? March 20, 2017. Online at: https://www.bna.com/amazon-close-breaking-n57982085432/ The figure is reported at $112 million by the Chicago Tribune, "State's EDGE tax-credit deals with Amazon, other firms now viewable online," March 16, 2017. Online at: http://www.chicagotribune.com/business/ct-edge-tax-credits-online-0317-b.... Illinois? initial EDGE Tax Credit deal for Amazon was discussed in The Chicago Tribune, ?Amazon gets Illinois tax credits despite calls for review,? September 6, 2015. Online at: http://www.chicagotribune.com/business/ct-amazon-illinois-tax-credits-20.... We provided an initial estimate of subsidies awarded to Amazon of at least $29 million by Illinois on Page 9 of our report ?Will Amazon Fool Us Twice?? December 2016. Online at: http://www.goodjobsfirst.org/sites/default/files/docs/pdf/amazon-subsidi...

Notes: 

The subsidy value is based on state EDGE Tax Credits of at least $82,725,187 and $400,000 from local property tax abatements at the Aurora facility. The reported value of these subsidies has changed multiple times both because of transparency lapses and investigative reporting. Overlaps with main Subsidy Tracker data: none.

Source Notes: 
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