COVID Stimulus Watch Parent Company Summary
Parent Company Name:
Verizon Communications
Grant Total: $0
Face Value of Loans Total: $93,914,225
Parent Company Data
Ownership Structure: publicly traded (ticker symbol VZ)
Headquartered in: New York
Sector: telecommunications
Industry: telecommunications
Employees (prior to pandemic): 135,000
Parent 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%
Other Accountability Links For This Company
Individual Award Records
Click on the company name for more information on each subsidy award.
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$70,256
Award Date:Apr 1, 2020
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$71,924
Award Date:Sep 9, 2020
State:VA
Grant Amount:
Face Loan Amount:
Contract Amount:$78,210
Award Date:Sep 24, 2019
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$78,220
Award Date:Jun 26, 2020
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$78,363
Award Date:Jun 9, 2020
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$81,950
Award Date:Jul 3, 2018
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$82,960
Award Date:Aug 3, 2020
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$87,568
Award Date:Sep 17, 2019
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$95,774
Award Date:May 25, 2018
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$97,277
Award Date:Mar 18, 2019
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$99,409
Award Date:Aug 24, 2020
State:VA
Grant Amount:
Face Loan Amount:
Contract Amount:$105,345
Award Date:Jul 17, 2019
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$106,287
Award Date:Jun 26, 2020
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$112,159
Award Date:Jun 26, 2019
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$116,477
Award Date:Jun 30, 2020
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$117,624
Award Date:Sep 19, 2019
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$128,414
Award Date:Aug 6, 2020
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$137,979
Award Date:Aug 10, 2018
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$155,636
Award Date:Aug 1, 2011
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$155,797
Award Date:Sep 16, 2019
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$160,322
Award Date:Jun 23, 2019
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$160,932
Award Date:Aug 20, 2020
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$196,243
Award Date:Aug 5, 2020
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$203,018
Award Date:Sep 13, 2019
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$215,940
Award Date:Aug 5, 2020
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$216,799
Award Date:Jul 21, 2020
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$228,301
Award Date:Sep 11, 2019
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$240,647
Award Date:Aug 28, 2019
State:VA
Grant Amount:
Face Loan Amount:
Contract Amount:$246,608
Award Date:Oct 4, 2019
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$260,902
Award Date:Apr 24, 2020
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$329,985
Award Date:Jun 26, 2020
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$361,688
Award Date:Sep 2, 2016
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$375,885
Award Date:Sep 18, 2019
State:VA
Grant Amount:
Face Loan Amount:
Contract Amount:$377,097
Award Date:Sep 27, 2019
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$379,998
Award Date:Jan 31, 2020
State:VA
Grant Amount:
Face Loan Amount:
Contract Amount:$493,716
Award Date:Sep 8, 2020
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$503,449
Award Date:Jul 6, 2018
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$511,520
Award Date:Sep 26, 2019
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$525,732
Award Date:Apr 1, 2020
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$533,068
Award Date:Sep 24, 2019
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$584,449
Award Date:Sep 3, 2020
State:VA
Grant Amount:
Face Loan Amount:
Contract Amount:$910,119
Award Date:May 18, 2016
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$939,600
Award Date:Jan 22, 2020
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$978,789
Award Date:Sep 20, 2019
State:VA
Grant Amount:
Face Loan Amount:
Contract Amount:$1,200,000
Award Date:Oct 1, 2019
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$1,257,044
Award Date:Nov 25, 2020
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$1,990,151
Award Date:Feb 28, 2019
State:NJ
Grant Amount:
Face Loan Amount:
Contract Amount:$2,367,778
Award Date:Jul 31, 2018
State:VA
Grant Amount:
Face Loan Amount:
Contract Amount:$2,577,508
Award Date:Aug 12, 2020
State:VA
Grant Amount:
Face Loan Amount:
Contract Amount:$3,901,234
Award Date:Jan 17, 2012
State:VA
Grant Amount:
Face Loan Amount:
Contract Amount:$11,679,857
Award Date:Apr 24, 2020
State:VA
Grant Amount:
Face Loan Amount:
Contract Amount:$16,466,649
Award Date:Sep 26, 2019
Tax / Subsidy Issues