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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

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.


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