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State preparing for $14.3 billion Amazon impact by 2030

State preparing for $14.3 billion Amazon impact by 2030

WILLIAMSBURG — As Amazon begins its move into Virginia, the state is preparing for what is projected to be a major economic boost over the next decade.

A study on Amazon’s economic impact on the state, conducted by economic research firm Chmura Economics & Analytics and released Friday, found that the total economic impact of Amazon putting one of its two secondary headquarters — HQ2 — in Arlington will be $14.2 billion. It is expected to support more than 59,000 jobs in 2030 at its full capacity.

It's also expected to provide an estimated total state tax revenue of $346.7 million in 2030 alone and a total of $1.83 billion, mostly from individual income and sales taxes,...

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