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Jan 19, 2021 · Context

AEDC board approves a $2.5 million upfront incentive for Amazon with clawback terms

After an executive session the board unanimously approved a location incentive agreement for an Amazon project at Northeast 24th Avenue and Loop 335: an upfront payment of $2.5 million, with Amazon required to reach 500 full-time equivalents and $13.5 million in payroll in each of five performance years, and claw-back provisions if it fell short. Staff reported the facility opened on May 11, 2022 with about 100 associates.^[1]^[2]

Kevin Carter Laura Street Brian Heinrich Amarillo Economic Development Corporation (AEDC)

Downtown & development

What the sources say

✓ Verified
The minutes say the agreement includes claw-back provisions 'should the company not reach the dollar payroll commitment as well as the FTE commitment within each of the 5 performance years' and that Vice-President Kitten clarified the claw-back provision. Director Street moved and Director Heinrich seconded; it was approved unanimously. Amazon does not appear among the company projects in the AEDC's January 31, 2025 project report, and the minutes in this set record no claw-back action.^[1]^[3]
Upfront payment
$2,500,000
Required fte
500
Required payroll
$13,500,000

Sources

1.Amarillo Economic Development Corporation Board of Directors minutes, January 19, 2021 — Amarillo Economic Development Corporation (via City of Amarillo CivicClerk), Feb 22, 2021 · retrieved Oct 22, 2026primarySubject-authoredScanned minutes (OCR); figures checked against the page images. 'published' is the date the board approved these minutes, as recorded in the minutes of that later meeting.
2.Amarillo Economic Development Corporation Board of Directors minutes, May 16, 2022 — Amarillo Economic Development Corporation (via City of Amarillo CivicClerk), Jun 20, 2022 · retrieved Oct 22, 2026primarySubject-authoredScanned minutes (OCR); figures checked against the page images. 'published' is the date the board approved these minutes, as recorded in the minutes of that later meeting.
3.Amarillo Economic Development Corporation Managerial Report, for the four months ended January 31, 2025 — Amarillo Economic Development Corporation, Jan 31, 2025 · retrieved Oct 14, 2026primarySubject-authoredUnaudited; marked 'Restricted for management only, notes are not presented'. 'Cumulative Project Status Report' through January 31, 2025 on page 6. 'published' set to the report period end; the file was uploaded to the AEDC site in December 2025.