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Over half-billion in incentives for Amazon

Virginia officials debate incentives for only 9 minutes

January 29, 2019 - 12:01 pm
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RICHMOND, Va. (AP) — After nine minutes of debate, the Virginia House sent a bill providing more than a half-billion dollars in incentives for Amazon to Gov. Ralph Northam for his signature.

    News outlets report that the House voted 83-16 on Monday in favor of the measure, which would create $550 million in "post-performance" incentives for the technology giant, based on job creation.

    The bill would give Amazon cash grants of $22,000 per new full-time job for the first 25,000 jobs.

    If Amazon commits to a second phase of the headquarters that would create an additional 12,850 jobs, it would receive an additional $200 million.

    Del. Lee Carter, D-Manassas, criticized the legislation, saying northern Virginia already has "a crisis of affordability," not unemployment.

    Northam has said he will sign the bill.

    

    (Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)