Amazon Emerges from Legislative Jungle to Add 2,000 Jobs in South Carolina
It's the grandfather of the digital age, but it has the resilience of social media giants just hitting their stride. Seventeen years after Jeff Bezos founded Amazon.com the shopping website has just announced its latest breakthrough. And this one is for workers.
When the ongoing legislative battle over sales tax and internet commerce provided the groundwork for a showdown over the construction of Amazon's latest distribution center, it seemed its bid to move into South Carolina was doomed.
"The storm has passed and it's a beautiful day in the Midlands," Amazon Vice President Paul Misener said on news that a deal had been struck with the Palmetto state legislature for the center located near the city of Cayce. Amazon will receive an exemption on sales on the condition it bump up its employee head count at the new center from 1,249 to 2,000 by the end of 2013.
"We have a history of growing in states that welcome us. We want to grow here," he said, according to a McClatchy report.
With the second quarter nearing its close date of June 30, the follow-through on the South Carolina distribution center comes on the heels of a stronger than expected first quarter.
"When you look at the kind of growth acceleration they are showing on the top line and surpassing pretty much all Street expectations, I think that clearly shows what they are doing makes sense," Ken Sena, an analyst at Evercore Partners told Reuters on April 26.
The Seattle-based giant expects a second-quarter revenue in the range of $8.85 billion to $9.65 billion, both of which would clear Wall Street expectations of $8.7 billion, according to Thomson Reuters.
While Kindle is the best known innovation credited for Amazon's durability, it is just one of myriad such offerings that has set Amazon apart. Also helping the Catholic Church of the Internet have been systems like "cloud computing," which allows users to take advantage of Amazon's servers for storage.
And even when the Great Recession forced Amazon to shutter three distribution centers in 2009 in Indiana, Nevada and Pennsylvania, it was seen as a relatively light bout of suffering and gutting. The 210 employees at the three centers were given the opportunity to relocate to other Amazon distribution centers.
Indeed, Amazon's stock has gone from a recession low of $37.87 on November 17, 2008, to $186.37 on June 17 of this year.
Next: Companies Hiring
Stories from CNN Money
- Unemployment Benefits Fading Away
- GE Chief Says, U.S. Workers Need More Training
- Woes of the 'Lapdog Intern' and Other Tales of Unpaid Labor