Amazon seeks first incentive funds from Virginia HQ2 project
Amazon is asking Virginia for nearly $153 million in state incentive payments
FALLS CHURCH, Va. (AP) — Amazon is asking Virginia for nearly $153 million in state incentive payments, which would be the first tranche of funds to be paid out since the tech giant agreed in 2018 to build a headquarters complex in the state.
The application comes even as Amazon has paused work on what will be the centerpiece of its corporate campus — its Pen Place development project, which will feature a 350-foot, helix-shaped tower.
The grant application — submitted by Amazon on March 31 and released Wednesday by Virginia economic development officials — seeks $152.7 million. That's in line with the incentive deal Virginia used to lure Amazon to build a second headquarters to complement its original Seattle location.
Under the deal, Amazon is expected to bring 25,000 jobs to Arlington County, Virginia — across the Potomac River from the nation's capital — by 2038. Amazon receives a $22,000 grant for each job.
