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ACF 2020


ACF 2020


SEATTLE: November 13, 2018. Amazon is to invest US$5 billion in establishing two more North American headquarters in New York and Arlington, VA and receive over US$2 billion in government tax breaks.

The company has also chosen Nashville as its Operations centre covering customer fulfillment, transportation and supply chain activities. The three new corporate offices are expected to employ 55,000 people.

The New York office is expected to generate tax revenue of over US$10 billion over the next 20 years as the company receives performance-based incentives totaling US$1.5 billion based on the company creating 25,000 jobs in Long Island City. This includes a refundable tax credit of up to US$1.2 billion and a cash grant of US$325 million.

Amazon Prime Air B767 300In Virginia, Amazon says it will generate incremental tax revenue of US$3.2 billion over the next 20 years by employing 25,000 people at National Landing, less than three miles from downtown Washington, D.C. In return the company will receive incentives from the Commonwealth of Virginia totaling US$573 million if the company creates jobs with an average salary of over US$150,000.

In Nashville, Amazon will invest US$230 million in its new Operations centre and receive state and local incentives of up to US$102 million based on the company creating 5,000 jobs in the next seven years with an average salary over US$150,000. If realised, they are expected to generate over US$1 billion in new tax revenue over the next decade.

“We are excited to build new headquarters in New York City and Northern Virginia,” said Amazon founder and CEO Jeff Bezos. “These two locations will allow us to attract world-class talent that will help us to continue inventing for customers for years to come.”

In a related announcement, Atlas Air Worldwide holdings has delivered its 20th B767-300 converted freighter to Amazon ahead of the company’s peak shipping season in North America.

“Our delivery of 20 aircraft to Amazon over the last 28 months is a significant achievement,” said William Flynn, president and CEO. “It is an accomplishment that we are very proud of and for which our employees worked hard. We appreciate Amazon’s confidence in our capabilities, global scale and operating excellence.”

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