FOR
IMMEDIATE
RELEASE
In
Manitoba,
Amazon
will
have
access
to
provincial
and
federal
tax
credits
and
other
programs
that
could
amount
to
as
much
as
$1.76
billion
over
time.
The
City
of
Winnipeg
has
agreed
to
consider
a
Tax
Increment
Financing
(TIF)
program
to
help
offset
some
of
the
initial
development
costs.
TIF
funding
would
be
contingent
on
the
taxable
value
of
the
real
estate
and
could
run
for
up
to
25
years.
While
not
quantified
at
the
moment,
TIF
support
could
be
substantial.
A
recent
$400
million
development
resulted
in
nearly
$20
million
in
TIF
support.
Being
Canadian
ended
up
as
a
big
advantage
to
the
Winnipeg
bid
as
it's
estimated
that
Amazon
may
save
more
than
$11,800
per
employee
per
year
in
health
care
insurance
costs
alone
by
locating
north
of
the
border.
That
works
out
to
nearly
$600
million
annually
when
the
campus
is
at
full
capacity
of
50,000
employees.
The
company
said
it
expects
to
benefit
from
the
progressive
immigration
policies
of
both
Manitoba
and
Canada.
ABOUT
AMA
ZON
Amazon
is
guided
by
four
principles:
customer
obsession
rather
than
competitor
focus,
passion
for
invention,
commitment
to
operational
excellence,
and
long-term
thinking.
Customer
reviews,
1-Click
shopping,
personalized
recommendations,
Prime,
Fulfillment
by
Amazon,
AWS,
Kindle
Direct
Publishing,
Kindle,
Fire
tablets,
Fire
TV,
Amazon
Echo,
and
Alexa
are
some
of
the
products
and
services
pioneered
by
Amazon.
For
more
information,
visit
www.amazon.com/about
and
follow
@AmazonNews.
Amazon.com
Investor
Relations
Darin
Manney,
amazon-ir@amazon.com
www.amazon.com/ir
Amazon.com
Public
Relations
Ty
Rogers,
amazon-pr@amazon.com
www.amazon.com/about
Economic
Development
Winnipeg
Dayna
Spiring,
dayna@edwinnipeg.com
www.economicdevelopmentwinnipeg.com
FOR
MORE
INFORMATION:
