Amazon invests $36 billion in the Sunshine State
Amazon shared the findings from its 2024 U.S. Economic Impact Report, noting that the company invested more than $36 billion in Florida, since 2010, and created more than 52,000 jobs in Florida in its operations, logistics, and technology functions. As a result of these investments, Amazon has contributed more than $38 billion to the State’s economy and supported more than 82,000 indirect jobs across the state in 2023, in fields like construction, transportation, retail, healthcare, hospitality and more. The report, produced by economists at Keystone Strategy, provides estimates of the company’s 2023 U.S. investments in areas including infrastructure and compensation, and the downstream effects of those investments. The report also provided a closer look at Amazon’s investments, estimating that the company has invested over $280 billion in small towns and rural areas across the country since 2010, further expanding access to good jobs, great benefits, and new opportunities.
As part of its continued investment, Amazon plans to open four new buildings across the state including a new 1 million-square-foot Inbound Cross-dock, a pre-first mile facility in Port St. Lucie that will intake third party and Amazon products for distribution to fulfillment centers. The new sites are expected to create more than 1,300 full- and part-time jobs, with hourly employees earning an average pay of over
$20.50 per hour across Amazon’s customer fulfillment and transportation networks.
The other three sites include delivery stations that play critical roles in the fulfillment of products by preparing orders for delivery by Amazon’s last-mile delivery partners.
Amazon expects the four new sites to open in 2024 at the following locations:
• Inbound Cross-Dock: 7600 LTC Parkway, Port St. Lucie, FL, 34986
• Delivery Station: 3998 Sarno Road, Melbourne, FL, 32934
• Delivery Station: 855 Saint Johns Bluff Road North, Jacksonville, FL, 32225
• Delivery Station: 13010 Bay Industrial Drive, Tampa, FL, 33534
Amazon also shared that it was named the #1 Investment Hero of 2024 by the Progressive Policy Institute, investing more in the U.S. than any other American company for the fifth straight year. The Progressive Policy Institute attributes the ranking to Amazon’s consistent investment in infrastructure, citing over $36 billion in capital expenditures in 2023 alone.
Further research by Amazon economists has also uncovered that places that have Amazon facilities see, improved economic outcomes, including increases in household income and employment-to-population ratios. Specifically, the researchers found that a typical mid-sized county that received Amazon’s investment had on average 4,400 more new jobs than a similar county that did not receive an investment by the company. Similarly, the median household income increased by up to 2.2% in counties that received Amazon investment. This translates into families in these places receiving on average an additional $1,350 per household per year after Amazon opens a facility in their communities. You can read more on Amazon’s economist study here.
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