COVID Stimulus Watch Individual Entry
Recipient Company:
VERIZON BUSINESS NETWORK SERVICES LLC
Contract Amount:
$16,466,649
Recipient Details
Ownership Structure: publicly traded (ticker symbol VZ)
Facility Street Address: 22001 LOUDOUN COUNTY PKWY
Facility City: ASHBURN
Facility State: VA
Facility Zip Code: 201476105
Facility Congressional District: VA-10
Facility NAICS Code: 517110 : Wired Telecommunications Carriers
Award Details
Award Date: Sep 26, 2019
Award Type: contract
Award Details: Some contracts are funded with emergency and non-emergency funds. The award amount listed here represents only emergency funding for the contract. The total value of the contract may be higher. Award Description: IT AND TELECOM- TELECOMMUNICATIONS AND TRANSMISSION
Program Name: Federal Contracts Funded by COVID-19 Relief Funds
Legislation: CARES
Awarding Agency: Treasury Department
Data Source for Award:
https://www.usaspending.gov/search/?hash=25e8378bc443646cf2b174d65218b2ca
Parent Company Data
Parent Company: Verizon Communications
Headquartered in: New York
Parent Sector: telecommunications
Parent Industry: telecommunications
Employees (prior to pandemic): 135,000
Accountability Issues Since 2010
Employment-related Penalties: $57,163,258
Government-contracting-related Penalties: $95,625,410
Environmental / Healthcare / Safety Penalties: $3,117,398
Consumer Protection / Financial / Competition-related Penalties: $1,018,754,585
Ratio of CEO Pay to that of Median Worker: 151 to 1
CEO Compensation: $18,111,823
Worker Median Pay: $172,971
Total Federal, State, and Local Subsidies: $44,874,585
Federal Corporate Income Tax Rate: 11.8%
Violation Tracker
Tax / Subsidy Issues