Amazon announces $43B invested in Kentucky since 2010

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

Amazon has announced over $1.2 trillion in U.S. investments since 2010, encompassing infrastructure and employee compensation. In Kentucky, the company has invested $43 billion during this period.

According to Amazon, these investments have contributed an estimated $1 trillion to the U.S. Gross Domestic Product (GDP) based on the input-output methodology developed by the U.S. Bureau of Economic Analysis. In 2023 alone, Amazon invested $244 billion in the United States, supporting 4.8 million jobs. This total includes 1 million direct full- and part-time jobs, over 2 million indirect jobs in sectors such as construction and logistics, and 1.8 million jobs created through independent sellers operating on Amazon.com, primarily small and medium-sized businesses.

In Kentucky specifically, Amazon's investment of $43 billion since 2010 has contributed $39 billion to the state's GDP. As of January 2024, Amazon has created 22,000 full- and part-time jobs in Kentucky and supported 50,300 indirect jobs based on the input-output methodology from the U.S. Bureau of Economic Analysis. Additionally, more than 3,000 independent sellers operate in Amazon’s store in Kentucky.

Amazon's investments in Kentucky include multiple facilities: 11 fulfillment and sortation centers, five delivery stations, one air hub, two Whole Foods Market locations, four solar farms, and one on-site solar installation.

The company provides a wide range of services including online and in-person shopping, delivery of fresh produce, media distribution through devices like Alexa and Fire TV, cloud solutions via Amazon Web Services (AWS), logistics operations, customer service support, and entertainment through platforms such as Amazon Originals, Prime Video, and Audible.

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

MORE NEWS