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Sunday, December 22, 2024

North Carolina local governments give Amazon $31 million in tax breaks

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Macieg Bledowski/Adobe Stock Photo

Macieg Bledowski/Adobe Stock Photo

Amazon received $31 million in subsidies, tax breaks, and grants from North Carolina communities to build five facilities.

Advocacy group Good Jobs First, which opposes such subsidies, found North Carolina provided the 23rd-highest amount of grants and breaks among U.S. states to the nearly $1-trillion company.

North Carolina is ranked behind Connecticut (3 projects/$38 million) and ahead of Pennsylvania (4 projects/$30 million), Georgia (5 projects/$27 million), and Mississippi (3 projects/$24 million).

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

The most expensive subsidy provided in North Carolina was by the Charlotte government, which offered $13 million to Amazon for a city subsidies; project located near the Charlotte Douglas International Airport.

The second largest subsidy was worth $6 million for a $2.5 million city grant; $1.1 million state match; $2.7 million in federal American Rescue Plan grant that North Carolina is using for sewer system work at the Amazon site; and unspecified amount in a 7-year real property tax abatement. in Smithfield.

There were no 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

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