Thursday, 13 Dec 2018

The Amazon headquarters in Virginia is expected to have an economic impact of $ 15 billion by 2030

Crystal City Tube Station is located in Arlington County, Virginia, near where Amazon will build its new headquarters. (Astrid Riecken / For the Washington Post) Patricia Sullivan Journalist covering government, politics and other regional issues in Arlington and Alexandria counties Dec. 7 at 5:26 pm Washington region will experience a new $ 15 billion economic activity and 62,000 new jobs by 2030 with the arrival of Amazon offices in northern Virginia, according to a new study. The report, released Friday by the Virginia Chamber Foundation, indicates that operations alone Amazon's offices will generate about $ 6.4 billion per year from 2019 to 2030, an average of 27,928 jobs each year in the region. The total impact, which includes spin-off companies and those intended to serve new employees, will be more than double the average, the report said. Virginia will be the main beneficiary of the new funds, according to Christine Chmura, chief executive and chief economist at Chmura Economics & Analytics, the Richmond-based firm that led the study for the professional association. The Commonwealth will benefit from economic activity of $ 14.2 billion over the next 12 years, 59,000 new jobs and $ 1.83 billion in new tax revenues, primarily through taxes on the economy. personal income and sales taxes, said the study. On November 12, Seattle-based Amazon announced that it had chosen Crystal City and Long Island City, New York, to share a new seat after a 14-month national quest looking for a second the head office. Virginia has pledged $ 573 million in direct incentives to create 25,000 jobs, each paying about $ 150,000 a year. The state and Arlington County will also invest $ 223 million in transportation improvements that will benefit Amazon and the rest of the community, officials said. Although the study did not include it, Virginia plans to spend $ 1.1 billion to expand technology education across the state. Part of that money will go to a new million-dollar college campus for Virginia Tech, which will be located three kilometers from Amazon's offices. (The founder of Amazon, Jeffrey P. Bezos, owner of the Washington Post.) The Governor of Virginia, Ralph Northam (D), was inspired by the economic forecast of the study, claiming to The Virginia Chamber Foundation of Williamsburg that Amazon and its coaching effect would help diversify an overly dependent federal government outsourcing. But he warned that if the state's overall unemployment rate is at 2.9%, its lowest level in 10 years, this is not the case everywhere. "If you go to the east coast, where I come from. . . south or southwest of Virginia, we still have a lot of work to do, "he said. "We do not want part of the Commonwealth to be left behind." Laura Vozzella contributed to this report. .

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