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Sunday, December 22, 2024

Colorado local governments give Amazon $16 million in tax breaks

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Maciej Bledowski/Adobe Stock Photo

Maciej Bledowski/Adobe Stock Photo

Amazon received $16 million in subsidies, tax breaks, and grants from Colorado communities to build nine facilities.

Advocacy group Good Jobs First, which opposes such subsidies, found Colorado provided the 29th-highest amount of grants and breaks among U.S. states to the nearly $1-trillion company.

Colorado is ranked behind Kansas (2 projects/$22 million) and ahead of Oklahoma (5 projects/$11 million), Utah (3 projects/$10 million), and Delaware (2 projects/$8 million).

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

The two largest subsidies provided in Colorado were from the Thornton government, equaling $6 million for an EZ tax abatement (for DEN3 facility) for this year only and $4 million for an Urban renewal grant from the city.

There were no developments which received undisclosed subsidy amounts.

In the fall of 2022, Amazon listed two Colorado facilities, one in Arvada and the other in Englewood, as being closed that year. They were closed as Amazon reduced its workforce and footprint after greatly expanding during the COVID-19 pandemic, as reported by the International Business Times. 

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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