(WWBT) - A $346 million per year tax boost could come to the commonwealth from Amazon’s new HQ 2 facility, according to an economic impact analysis by the Virginia Chamber.
The report estimates a $14.2 billion economic boost in 2030 alone along with the creation of 59,308 jobs. Amazon itself is expected to create 25,000 jobs.
State tax revenue could reach as much as $346.7 million per year, according to the report.
The report was released at the conclusion of the ninth annual Virginia Economic Summit.