Thursday, March 29, 2012

Amazon.com Subsidiary Could Receive Tax Credits

{Winchester, Kentucky}...Under a proposal approved Thursday by the Kentucky Economic Development Finance Authority, a subsidiary of Amazon.com would receive $10.25 million in tax credits from Kentucky if it opens a $20 million customer support. Winchester-Clark County Industrial Authority Executive Director Todd Denham says to receive the full tax credit from the state, the company, AMZN.wacs Inc, would have to create 550 full-time jobs and 600 part-time and seasonal jobs. The 70,000-square-foot center would be built on a seven-acre site to be determined. Denham said he and local leaders have been working on the project since October, and there are a few steps left, but an announcement should come in the near future.