The recently opened Amazon warehouse in North Andover, which spans 3.8 million square feet and is the company’s largest in Massachusetts, cost over $600 million to construct – surpassing its initial budget of $400 million as reported by the Boston Business Journal. This increase can be attributed to various post-COVID-19 challenges such as inflation, supply chain disruptions, and labor shortages. The project was a collaboration between Amazon and partners Hillwood and Whiting-Turner.
Despite the higher costs, North Andover awarded Amazon with a tax increment financing award worth $27.3 million over 10 years – providing relief on local property taxes. As of 2023, Amazon has doubled its workforce in Massachusetts from 2019 numbers with nearly 10,500 full-time employees.
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