JOBS - PPI Ranks Amazon as No.1 Investor in America

Amazon.com, Inc. (NASDAQ: AMZN) has been ranked number 1 company investing in America for the second year in a row on The Progressive Policy Institutes’ “Investment Heroes” list.  The list is an annual study that identifies the Top 25 American companies investing in the United States.  PPI has estimated that Amazon invested USD 34 Billion in American infrastructure in 2020 that led to the direct creation of over 400,000 jobs by Amazon last year alone.  The research from the study has highlighted how investments by American companies are key to sustaining the economy during the COVID-19 pandemic as it helps drive economic expansion, job creation and wage growth across the country.  “We 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,” said Holly Sullivan, vice president of Worldwide Economic Development at Amazon. “Building 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—twice the federal minimum wage—and 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.”

“Amazon and the rest of the Investment Heroes are leading the way for what corporate investment in America should look like,” said Michael Mandel, chief economic strategist at the Progressive Policy Institute. “Our 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.”

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