Tuesday, March 27, 2012

River Ridge Development Authority Approves Property Tax Abatement for Proposed Amazon Distribution Center

From the Indianapolis Business Journal:

Amazon.com Inc. announced on Tuesday morning that it will open a new distribution center in southern Indiana and create up to 1,050 jobs by 2015 as part of a $150 million expansion.
...

Indiana Economic Development Corp. said it will provide Amazon up to $2 million in performance-based tax credits and up to $300,000 in training grants based on the company's job-creation plans.

River Ridge Development Authority also has approved additional property-tax abatements and will support infrastructure improvements.

In January, state officials reached an agreement with Amazon.com to have the online retailer begin collecting Indiana’s 7-percent sales tax from customers in the state in 2014.

The deal could lead to Indiana bringing in at least $20 million more in annual sales tax revenue.

http://www.ibj.com/amazon-plans-another-indiana-warehouse--1-000-jobs/PARAMS/article/33476