Aurora approves tax incentives for big Amazon facility

Aurora just cut a deal with Amazontrying to bring one of the company's fancy warehouses here.

DENVER BUSINESS JOURNAL - The city of Aurora has approved as much as $1.18 million in tax incentives to Amazon.com Inc., which planning to build a huge fulfillment center in the city.

The tax breaks would take effect if the e-commerce giant (Nasdaq: AMZN) creats at least 900 jobs at the 1 million square foot facility at Prologis Park 70 near the intersection of Interstate 70 and E-470, the Aurora Sentinel reports. Amazon has projected the site will create 1,000 jobs at an average annual pay of $30,297.

The Aurora City Council on Moday unanimously voted to grant Amazon a 36-percent break on sales-and-use taxes on construction materials and equipment to be used at the complex.

Amazon already has a 452,000-square-foot "sortation" center in Aurora's Majestic Commercenter, at I-70 and Tower Road. The sortation facility employs several hundred workers.

Read more at the Denver Business Journal: http://bit.ly/2oIkjn8

Copyright 2017 Denver Business Journal


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