US public policy think tank Progressive Policy Institute (PPI) recently ranked Amazon as the top US company investing in America. For the second year in a row, Amazon was placed first on PPI’s ‘Investment Heroes’ list. PPI estimates Amazon invested $34 billion in US infrastructure in 2020, which led to creation of over 4 lakh direct jobs last year.
‘Investment Heroes’ list is an annual study that identifies the top 25 US companies investing in the country.US public policy think tank Progressive Policy Institute (PPI) recently ranked Amazon as the top US company investing in America. For the second year in a row, Amazon was placed first on PPI's 'Investment Heroes' list. PPI estimates Amazon invested $34 billion in US infrastructure in 2020, which led to creation of over 4 lakh direct jobs last year.#
The research PPI released highlights how investments by American companies are key to sustaining the economy during the COVID-19 pandemic and are helping to drive economic expansion, wage growth, and job creation across the country, Amazon said in a press release.
“Amazon and the rest of the Investment Heroes are leading the way for what corporate investment in America should look like,” said Michael Mandel, PPI’s chief economic strategist.
“Our data shows that not only is this type of investment critical in driving the creation of high-productivity and well-paying jobs, but it also helps hold down inflation by creating more supply. Coming out of the pandemic, our government needs to be squarely focused on keeping inflation at bay, and the continued investment from companies like Amazon is exactly what will help do that,” he added.
Amazon opened more than 150 delivery stations, fulfillment centres, and sortation centers in dozens of communities to allow for faster, easier, and more sustainable delivery for its customers.
In 2020, Amazon invested in the development of more than 20 new solar and wind farms, creating the necessary infrastructure to meet our Climate Pledge commitment to be net-zero carbon by 2040.
It opened more than 45 Amazon Fresh, Amazon Go, Amazon 4-star, Amazon Books, Pop Up and Whole Foods Market locations in 2020, providing customers more options to shop for fresh groceries and nutritious meals, books, games and toys.
The retailer expanded its Tech Hub locations in cities like Boston, Dallas and Phoenix, and started construction of its second headquarters in Arlington, Virginia, where the company has already invested more than $450 million.
Amazon built a Robotics Innovation Hub in Westborough, Massachusetts, to grow its engineering, manufacturing, and test capabilities for Amazon Robotics and continued to invest in prototype manufacturing facilities in Redmond, Washington for Project Kuiper, an Amazon initiative that will launch a constellation of low earth orbit satellites to offer high-speed broadband connectivity to unserved and underserved communities around the world.
Fibre2Fashion News Desk (DS)
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