Amazon.com (NASDAQ:AMZN) has decided to establish two new fulfillment centers in Tennessee which together could create up to 1,400 jobs in the next 3 years.
Amazon.com (NASDAQ:AMZN) Expects To Create 1,400 New Jobs
The online retailer giant will setup one center at the Enterprise South Industrial Park in Chattanooga and the other along State Route 308 in neighboring Bradley County. Amazon.com (NASDAQ:AMZN) has planned to invest a combined total of up to $139 million to construct the two new facilities, with up to 1,400 jobs expected to be created in the region for the next three years.
Governor Phil Bredesen said, “I’m pleased our discussions with Amazon.com (NASDAQ:AMZN) have concluded with a positive result. This announcement means good job opportunities for Tennesseans with a great company and a strong endorsement of Tennessee’s business climate.”
Amazon.com (NASDAQ:AMZN) shares was at 184.76 at the end of the day’s trading on 12/22/2010. There’s been a 22.6% change in the stock price over the past 3 months.
If you believe this is a good time to make a play on the Amazon.com (NASDAQ:AMZN) stocks, make sure you take a look at this analyst advice, from a broad range of industry specialists:
Consensus Opinion: Moderate Buy
Mean recommendation: 1.97
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.82
Zack’s Rank: 4 out of 21 in the industry
We will be monitoring the Amazon.com (NASDAQ:AMZN) stock price for changes over the next few weeks.
