Virginia offered Amazon up to $750 million in public subsidies in exchange for creating local jobs and investment.
When Amazon built its 'HQ2' headquarters in Northern Virginia, it promised to create 25,000 new jobs by 2038. Per an agreement with the state, the company should have added 11,643 jobs by the end of 2025.
According to a Washington Post article by Kendall Staton, the company claimed economic forces beyond its control affected its ability to staff up faster. Amazon was offered up to $750 million in incentives as part of its permit to build the complex, which was the culmination of a competitive process that saw multiple cities vying for the project. Holly Sullivan, Amazon’s vice president of worldwide economic development policy, said "The company has invested millions in multiple education initiatives across the state and has donated more than $239 million to local groups since 2018, including more than $60 million in the past year."
However, the company is now only "moderately confident" that it will create as many jobs as it promised. Amazon has also failed to develop a large vacant lot it originally planned to build on by the end of 2025.
Read the full story: Amazon is behind on jobs promised for funding to build Virginia headquarters
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