Subsidy Tracker Individual Entry

Company: 
Amazon.com
Parent Company: 
Amazon.com
Subsidy Source: 
state
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: 
$750,000,000
Program Name: 
Major Headquarters Workforce Grant Fund
Awarding Agency: 
state legislature
Type of Subsidy: 
megadeal
Number of Jobs or Training Slots: 
25,000
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: https://lis.virginia.gov/cgi-bin/legp604.exe?191+ful+CHAP0001 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.

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 area of 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. This is only the state portion of the package for Amazon. Arlington County and Alexandria will debate their local subsidies in March 2019. Overlaps with main Subsidy Tracker data: none.

Source Notes: 
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