{"id":500117,"date":"2021-06-02T09:15:33","date_gmt":"2021-06-02T13:15:33","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/amazon-ranked-no-1-investor-in-america\/"},"modified":"2021-06-02T09:15:33","modified_gmt":"2021-06-02T13:15:33","slug":"amazon-ranked-no-1-investor-in-america","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/amazon-ranked-no-1-investor-in-america\/","title":{"rendered":"Amazon Ranked No. 1 Investor in America"},"content":{"rendered":"

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Amazon Ranked No. 1 Investor in America <\/b><\/p>\n

New study by Progressive Policy Institute (PPI) finds that over the last 12 months, Amazon invested more in the U.S. than any other American company<\/i><\/p>\n

In 2020, PPI estimates Amazon invested $34 billion in American infrastructure and created more than 400,000 jobs<\/i><\/p>\n

SEATTLE–(BUSINESS WIRE<\/a>)–
\n(NASDAQ: AMZN)\u2014The Progressive Policy Institute (PPI) ranked Amazon as the No. 1 U.S. company investing in America. For the second year in a row, Amazon placed first on PPI\u2019s \u201cInvestment Heroes\u201d list, an annual study that identifies the Top 25 American companies investing in the United States. PPI estimates that Amazon invested $34 billion in American infrastructure in 2020, which led to the creation of more than 400,000 direct jobs by Amazon last year alone. The research PPI released highlights how investments by American companies are key to sustaining the economy during the COVID-19 pandemic and are helping to drive economic expansion, wage growth, and job creation across the country.\n<\/p>\n

\n\u201cWe have a long track record of investing in the U.S., and in 2020, we doubled-down on our investments to continue delivering for our customers and supporting the American economy,\u201d said Holly Sullivan, vice president of Worldwide Economic Development at Amazon. \u201cBuilding new infrastructure, from new fulfillment centers to wind and solar farms, allowed us to create more than 400,000 jobs in the last year in communities across the country. Every one of our jobs comes with a starting wage of $15 an hour\u2014twice the federal minimum wage\u2014and comprehensive benefits for our regular, full-time employees. This means more money in the pockets of our workers, healthcare coverage, and access to free skills training to reinvent their careers.\u201d\n<\/p>\n

\n\u201cAmazon and the rest of the Investment Heroes are leading the way for what corporate investment in America should look like,\u201d said Michael Mandel, chief economic strategist at the Progressive Policy Institute. \u201cOur data shows that not only is this type of investment critical in driving the creation of high-productivity and well-paying jobs, but it also helps hold down inflation by creating more supply. Coming out of the pandemic, our government needs to be squarely focused on keeping inflation at bay, and the continued investment from companies like Amazon is exactly what will help do that.\u201d\n<\/p>\n

\nAmazon\u2019s investments in the U.S. in 2020 included:\n<\/p>\n