When trying to lure Amazon to Virginia, the state offered the tech giant financial incentives to choose the Commonwealth for its HQ2. Now, four years later, Amazon is requesting its first payment.
Amazon formally requested the first installment of the $750 million in economic incentives offered by Virginia, asking for $152 million dollars of it by the close of 2026.
The incentives were based, in part, on Amazon’s local performance and hiring, with Virginia agreeing to pay the company $22,000 for each full-time hire making more than a $150,000 salary.
The company’s application meets the April 1 deadline to file with the Virginia Economic Development Partnership.
Click here to read the rest of the article written by Megan Cloherty at WTOP
