Quantcast

Old Dominion News

Sunday, December 22, 2024

Virginia local governments give Amazon $824 million in tax breaks, first among states

Edited9 mike dot stock adobe

Mike Dot/Adobe Stock Photo

Mike Dot/Adobe Stock Photo

Amazon received $824 million in subsidies, tax breaks, and grants from Virginia communities to build 20 facilities.

Advocacy group Good Jobs First, which opposes such subsidies, found Virginia provided the highest amount of grants and breaks among U.S. states to the nearly $1-trillion company.

Virginia is ahead of Illinois (16 projects/$733 million), New York (22 projects/$671 million), and Washington (10 projects/$609 million).

Arlington, Virginia was awarded the largest portion of the 310 taxpayer-subsidized Amazon projects.

The two largest subsidies provided in Virginia were from the Arlington government, equaling $750 million for a HQ2, state subsidy only and $51 million for a HQ2, local subsidy only: TOT grant and TIF estimates.

There were six developments which received undisclosed subsidy amounts.

As of Nov. 17, 2022, Amazon had received 310 separate tax break deals from local and state governments across the U.S., totaling $5.14 billion.

Amazon Tax Breaks Across the U.S.
State# ProjectsTotal Subsidy
Virginia20$824,291,799
Illinois16$732,973,199
New York22$671,446,986
Washington10$608,644,670
Oregon32$483,459,645
Texas13$305,959,751
Ohio14$172,418,555
Tennessee20$166,030,438
Kentucky21$111,789,976
Missouri2$110,600,000
Massachusetts5$86,979,275
California12$84,541,000
Michigan5$82,352,146
Maryland3$68,425,000
South Carolina5$64,297,962
Indiana15$60,389,500
Alabama2$56,500,000
Wisconsin6$54,135,500
Louisiana7$48,967,587
New Jersey3$45,422,240
Florida13$43,239,475
Connecticut3$37,700,000
North Carolina5$31,186,975
Pennsylvania4$29,557,871
Georgia5$27,115,929
Mississippi3$23,925,795
Iowa2$22,400,000
Kansas2$21,802,522
Colorado9$15,779,091
Oklahoma5$11,207,651
Utah3$9,780,226
Delaware2$7,972,500
Minnesota1$5,700,000
New Mexico1$5,244,071
Arizona2$5,139,671
Nevada5$3,251,324
Rhode Island1$2,700,000
Maine11$578,828

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS