Basic Search  |  Geographic Searches  |  Advanced Search | Megadeals

Subsidy Tracker Individual Entry

Company: Amazon.com
Parent Company: Amazon.com
Subsidy Source: multiple
Location: Virginia
City: Alexandria
County: Arlington
Project Description: part of Amazon's HQ2 headquarters expansion
Year: 2019
Major Industry of Parent: retailing
Specific Industry of Parent: retail-internet
Subsidy Value: $801,000,000
Subsidy Value in 2023 Dollars: $957,661,788
Program Name: multiple
Awarding Agency: multiple
Type of Subsidy: 
Number of Jobs or Training Slots: 37,850
Wage Data: $150,000
Wage Data Type: average annual pay
Capital Investment: $2,000,000,000
Source of Data: The details of S.B. 1255, approved February 5, 2019, are available on the Virginia Legislative Information System at: (click here) See also news coverage, such as: Michael Martz, "Northam signs incentive bill for Amazon project; Without fanfare, Northam signs Amazon incentive bill," Richmond Times Dispatch, February 6, 2019. Local subsidy amounts were reported by Andrew Giambrone, Arlington County authorizes $23M in Amazon incentives, DC Curbed, March 17, 20129; (click here). See also: Arlington County Economic Development Incentive Agreement with Amazon posted to (click here)
Notes: In Nov. 2018, Amazon announced that it will split its second headquarters, known as HQ2, into two locations, one outside Washington, DC in the Crystal City neighborhood of northern Virginia. In January 2019, the Virginia Legislature passed and the governor signed Senate Bill 1255. The bill established a Major Headquarters Workforce Grant Fund, a 10-year grant to reimburse Amazon for costs of workforce recruitment, training, or any other lawful purpose. The state will create a fund from which the payments will be distributed, up to $550 million if 25,000 jobs are created or up to $750 million if an additional 12,850 jobs are created (for the total of 37,850). Up to $200 million will be paid out in 2024, the first year of payments. Virginia Economic Development Partnership discloses the subsidy under Custom Grant program. In additional, Arlington County agreed to provide Amazon with 15% of the increment of the Transient Occupancy Tax for 25 years, estimated at $23 million; the county also agreed to spend estimated $28 million over 10 years via TIF to improve infrastructure around the office area. Overlaps with main Subsidy Tracker data: a 2019 entry for a Virginia program called Custom Grant for $750,000,000 for Amazon.com Services, Inc.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.