How Will Alexandria Benefit from Amazon’s HQ2 Performance Agreement?

  The City of Alexandria is set to benefit from an annual pay-for-performance grant given to Amazon after an approval from the Arlington County Board. This direct financial incentive will come from a percentage of the new incremental revenue generated by the County's Transient Occupancy Tax which is tax paid on hotel rooms or other paid lodging.  The approval of the performance agreement was unanimously voted upon after long hours of public hearing and questioning of Amazon Executives. In Alexandria, the city is committed to investing up to $570 million in transportation projects which includes rail connection, transit facilities, multi-modal streets and transportation technology which will serve Amazon's headquarters.  The city will benefit from new investments in the technology industry, the housing sector and the transportation sector. Public Schools in Alexandria will benefit from new resources related to computer science education which will include ongoing professional development for current and future teachers; summer and after school programming for students and meaningful career exposure. Alexandria will also become the home of a new $1 billion Virginia Tech Innovation Campus which will provide qualified technicians for technology companies in the state. The transportation sector will also benefit from this incentive through planned investments such as a south entrance off Potomac Avenue to the new Potomac Yard Metro Station and a transit way expansion which will support Potomac Yard. The sector will receive more funding if Amazon creates more than 25,000 jobs through the program. The housing sector in Alexandria has existing strong commitments to funding and supporting efforts for affordable housing however with new revenue generated from Amazon the city will be able to fund more affordable housing, workforce housing and public infrastructure. The benefits to be gained from this new agreement with Amazon will see Alexandria and its surrounding environs benefiting from new investments projects in major areas such as technology, housing, transportation and infrastructure.  

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Jodi Ann

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Jodi has been trained in Data Entry, Operations Management and Administrative tasks. She also holds a Bachelors Degree in Banking and Finance with a hope of pursuing a Masters in Banking and Finance. She is a senior writer for Nesbitt Realty and an expert on Alexandria Virginia. Outside of work, Jodi enjoys spending time with her son and her family.