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:VA
Grant Amount:
Face Loan Amount:
Contract Amount:$1,200,000
Award Date:Oct 1, 2019
State:VA
Grant Amount:
Face Loan Amount:
Contract Amount:$910,119
Award Date:May 18, 2016
State:VA
Grant Amount:
Face Loan Amount:
Contract Amount:$246,608
Award Date:Oct 4, 2019
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:$493,716
Award Date:Sep 8, 2020
State:VA
Grant Amount:
Face Loan Amount:
Contract Amount:$105,345
Award Date:Jul 17, 2019
State:VA
Grant Amount:
Face Loan Amount:
Contract Amount:$78,210
Award Date:Sep 24, 2019
State:VA
Grant Amount:
Face Loan Amount:
Contract Amount:$29,097
Award Date:Oct 1, 2019
State:VA
Grant Amount:
Face Loan Amount:
Contract Amount:$26,142
Award Date:May 30, 2020
State:VA
Grant Amount:
Face Loan Amount:
Contract Amount:$20,000
Award Date:Dec 22, 2011
State:VA
Grant Amount:
Face Loan Amount:
Contract Amount:$8,080
Award Date:Oct 2, 2019
State:VA
Grant Amount:
Face Loan Amount:
Contract Amount:$1,009
Award Date:Dec 12, 2019
State:VA
Grant Amount:
Face Loan Amount:
Contract Amount:$111
Award Date:Oct 22, 2019
State:VA
Grant Amount:
Face Loan Amount:
Contract Amount:$1
Award Date:Oct 2, 2019
State:VA
Grant Amount:
Face Loan Amount:
Contract Amount:$16,466,649
Award Date:Sep 26, 2019
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:$2,577,508
Award Date:Aug 12, 2020
State:VA
Grant Amount:
Face Loan Amount:
Contract Amount:$377,097
Award Date:Sep 27, 2019
State:
Grant Amount:
Face Loan Amount:$3,379,686
Contract Amount:
Award Date:Jul 10, 2020
State:
Grant Amount:
Face Loan Amount:$5,617,149
Contract Amount:
Award Date:Jul 10, 2020
State:
Grant Amount:
Face Loan Amount:$3,467,089
Contract Amount:
Award Date:Jul 10, 2020
State:
Grant Amount:
Face Loan Amount:$4,206,413
Contract Amount:
Award Date:Jul 10, 2020
State:
Grant Amount:
Face Loan Amount:$3,153,692
Contract Amount:
Award Date:Jul 10, 2020
State:
Grant Amount:
Face Loan Amount:$2,089,694
Contract Amount:
Award Date:Jul 10, 2020
State:
Grant Amount:
Face Loan Amount:$5,260,263
Contract Amount:
Award Date:Jul 10, 2020
State:
Grant Amount:
Face Loan Amount:$1,047,494
Contract Amount:
Award Date:Aug 10, 2020
State:
Grant Amount:
Face Loan Amount:$1,158,369
Contract Amount:
Award Date:Aug 10, 2020
State:
Grant Amount:
Face Loan Amount:$1,115,949
Contract Amount:
Award Date:Aug 10, 2020
State:
Grant Amount:
Face Loan Amount:$5,266,818
Contract Amount:
Award Date:Aug 10, 2020
State:
Grant Amount:
Face Loan Amount:$5,801,903
Contract Amount:
Award Date:Aug 10, 2020
State:
Grant Amount:
Face Loan Amount:$5,266,232
Contract Amount:
Award Date:Aug 10, 2020
State:
Grant Amount:
Face Loan Amount:$5,803,199
Contract Amount:
Award Date:Aug 10, 2020
State:
Grant Amount:
Face Loan Amount:$4,209,687
Contract Amount:
Award Date:Aug 10, 2020
State:
Grant Amount:
Face Loan Amount:$2,107,233
Contract Amount:
Award Date:Aug 10, 2020
State:
Grant Amount:
Face Loan Amount:$5,140,614
Contract Amount:
Award Date:Sep 8, 2020
State:
Grant Amount:
Face Loan Amount:$3,072,391
Contract Amount:
Award Date:Sep 8, 2020
State:
Grant Amount:
Face Loan Amount:$1,123,128
Contract Amount:
Award Date:Oct 8, 2020
State:
Grant Amount:
Face Loan Amount:$1,123,168
Contract Amount:
Award Date:Oct 8, 2020
State:
Grant Amount:
Face Loan Amount:$1,026,914
Contract Amount:
Award Date:Oct 8, 2020
State:
Grant Amount:
Face Loan Amount:$2,246,404
Contract Amount:
Award Date:Oct 8, 2020
State:
Grant Amount:
Face Loan Amount:$2,053,310
Contract Amount:
Award Date:Oct 8, 2020
State:
Grant Amount:
Face Loan Amount:$3,080,620
Contract Amount:
Award Date:Oct 7, 2020
State:
Grant Amount:
Face Loan Amount:$2,239,456
Contract Amount:
Award Date:Oct 22, 2020
State:
Grant Amount:
Face Loan Amount:$2,242,139
Contract Amount:
Award Date:Oct 27, 2020
State:
Grant Amount:
Face Loan Amount:$3,355,084
Contract Amount:
Award Date:Nov 16, 2020
State:
Grant Amount:
Face Loan Amount:$2,238,995
Contract Amount:
Award Date:Nov 23, 2020
State:
Grant Amount:
Face Loan Amount:$3,008,145
Contract Amount:
Award Date:Dec 4, 2020
State:
Grant Amount:
Face Loan Amount:$3,012,987
Contract Amount:
Award Date:Dec 21, 2020
State:VA
Grant Amount:
Face Loan Amount:
Contract Amount:$23,308
Award Date:Oct 6, 2019
State:VA
Grant Amount:
Face Loan Amount:
Contract Amount:$12,672
Award Date:Oct 3, 2019
State:VA
Grant Amount:
Face Loan Amount:
Contract Amount:$3,643
Award Date:Oct 3, 2019
State:VA
Grant Amount:
Face Loan Amount:
Contract Amount:$331
Award Date:Oct 3, 2019
Tax / Subsidy Issues