Thursday, May 31, 2012

Gov. Doublewide brings 1500 low paying jobs to NJ

And all it cost was a 2 year corporate welfare grant from the state.
Amazon plans to build two large distribution centers in New Jersey that would provide an estimated 1,500 full-time jobs and would also enable New Jersey to collect state sales tax from the online retailer, Gov. Chris Christie announced on Wednesday.

The building of the warehouses, each about a million square feet, is scheduled to begin next year and would also result in thousands of part-time and seasonal jobs.

Under the arrangement between Amazon and New Jersey, the state will start collecting state sales tax of 7 percent by July 1 of next year. In discussions with state officials, Amazon had been seeking a two-year reprieve before it would need to begin to collect tax.
Not sure why they want the sales tax reprieve. The accounting cost is negligible for a pass through payment. I hope it helps Amazon get back on its feet soon..

Comments:

Post a Comment

Subscribe to Post Comments [Atom]





<< Home

This page is powered by Blogger. Isn't yours?

Subscribe to Posts [Atom]