Amazon, the Seattle based online retail giant, today announced the findings from its 2021 U.S. Economic Impact Report, sharing the company has invested more than $6 billion in Michigan and $530 billion in the U.S. since 2010.
Findings from the report show the online retail giant has added $5.5 billion to Michigan’s GDP due to investments, as well as adding 21,000 full- and part-time jobs as of the fourth quarter of 2020. These jobs all start at least $15 per hour, as well as access to benefits including health care, 401(k) retirement savings, and career skill training programs.
The main investments made in the state include five fulfillment and sortation centers, 11 delivery stations, one tech hub, seven Whole Foods Market locations, and an Amazon 4-Star store.
Along with direct hires, 33,000 jobs were supported based on input-output methodology developed by the U.S. Bureau of Economic Analysis. Small and medium businesses and independent authors benefited from Amazon, as more than 38,000 use the site for sales.
“Our business is made up of people from the communities in which we operate, and more than 21,000 employees prove each and every day why we’re committed to creating opportunity, providing quality jobs and continuing to invest in Michigan,” says Mike Saponsky, director of regional operations at Amazon. “From our diverse operations network to our Detroit Tech Hub and the recent rollout of Amazon Electric Delivery Vehicle testing in metro Detroit, we continue to invest in this state, its people, and its communities.”
The report was produced by economists at Keystone Strategy in New York and provides an analysis of the company’s 2020 U.S. Investments in areas including infrastructure and compensation.
“Ongoing investments from global businesses like Amazon are creating great upward economic mobility for Michigan’s 10 million residents while extending our reputation as a North American tech hub,” says Quentin Messer Jr., CEO of the Michigan Economic Development Corp.