For the second year in a row, Amazon was placed first on PPI's "Investment Heroes" list, an annual study that identifies the Top 25 American companies investing in the United States.
PPI estimates that Amazon invested 34 billion U.S. dollars in American infrastructure in 2020, which led to the creation of more than 400,000 direct jobs by Amazon last year alone.
"We have a long track record of investing in the U.S., and in 2020, we doubled-down on our investments to continue delivering for our customers and supporting the American economy," said Holly Sullivan, vice president of Worldwide Economic Development at Amazon.
"Amazon and the rest of the Investment Heroes are leading the way for what corporate investment in America should look like," said Michael Mandel, chief economic strategist at the Progressive Policy Institute.
According to Mandel, this type of investment is not only critical in driving the creation of high-productivity and well-paying jobs, but 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 noted.
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