Factbox: Amazon to get billions in breaks for HQ2 development [Reuters]
Amazon.com, Inc. (AMZN)
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Source: Reuters
Factbox: Amazon to get billions in breaks for HQ2 development | Reuters 3 Min Read (Reuters) - Amazon.com Inc ( AMZN.O ) said on Tuesday it had split its $5 billion second headquarters into two projects that would be located in the Long Island City neighborhood of New York City’s Queens borough and a Northern Virginia suburb of Washington, DC. Each would have up to 25,000 jobs and Amazon will create a new facility in Nashville with 5,000 jobs. The retailer said it will get billions of dollars as direct incentives from the three selected cities, contingent to creating a specific number of jobs. Below is the break-down of incentives the selected cities are offering the online retail giant: Total Incentive - $1.525 billion This includes a refundable tax credit through the state’s Excelsior Program of up to $1.2 billion - $48,000 per job for 25,000 jobs with an average wage of over $150,000. A cash grant from Empire State Development of $325 million. The incentives will flow over the ne
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AMZN
Earnings
- 2/1/24 - Beat
AMZN
Sec Filings
- 3/27/24 - Form PX14A6G
- 3/25/24 - Form 4
- 3/22/24 - Form 144
- AMZN's page on the SEC website