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Analysis: SC nets hundreds of millions from Amazon - Live5News.com | Charleston, SC | News, Weather, Sports

Analysis: SC nets hundreds of millions from Amazon

COLUMBIA, S.C. (AP) - An analysis of Amazon's plans to build a distribution center in South Carolina shows the state would net more than $162 million in the first year.

The analysis from the state Commerce Department was obtained Monday by The Associated Press. It shows a total benefit of $162.6 million in the first year and nearly $1.1 billion over 10 years.

Those numbers are based on Amazon's prior agreement with the state, which called for 1,250 jobs and a $90 million capital investment. Amazon sweetened the deal last week to 2,000 jobs and a $125 million investment.

The analysis was distributed to House members in advance of their re-vote on Amazon's request for a five-year exemption from collecting sales tax from South Carolina's online shoppers. The House approved the enhanced deal 97-20.

Copyright 2011 The Associated Press. All rights reserved.

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