Amazon has announced findings from new research conducted by Oxford Economics and Keystone Strategy, indicating that its fulfillment center investments in Georgia have led to job creation, wage increases, and significant contributions to the state’s economy. This announcement was made through a news release.
According to Oxford Economics, an independent analysis of 55 U.S. counties where Amazon created at least 1,000 jobs in a single year revealed broad local economic benefits. The study found that Amazon’s presence correlates with higher business formation, employment, and wages compared to similar areas without such investment. Oxford Economics specializes in global data analytics and economic forecasting services.
Amazon reports having invested $23.8 billion in Georgia since 2010, supporting over 50 sites and contributing $25.5 billion to the state’s gross domestic product (GDP). The company’s infrastructure investments have reportedly reduced local unemployment and expanded the labor force in Fulton County and other regions.
Each dollar invested by Amazon is said to generate $1.30 in additional economic activity through employee spending, business growth, and supply chain impacts. According to research from Amazon and the Wharton School, counties with Amazon facilities experience median household income increases of more than $1,400 annually and poverty rate reductions averaging 2.7%.
Amazon is a multinational technology and logistics company headquartered in Seattle, Washington, operating e-commerce, cloud computing, and fulfillment services worldwide. Since 2010, the company has invested more than $1.5 trillion across the United States. The Progressive Policy Institute has named Amazon the nation’s top “investment hero” for six consecutive years.
