Kingsport Times News Saturday, April 19, 2014
Business & Technology

Group says Amazon.com sales will cost Tennessee $3 billion, 10,000 jobs

September 20th, 2011 4:38 am by Associated Press

NASHVILLE - Sales by online retailers like Amazon.com, which is building two distribution centers in Southeast Tennessee, will cost the state as much as $3 billion in revenue and the loss of over 10,000 jobs over the next five years , according to a new analysis released today.

The study was commissioned by a national group of traditional brick-and-mortar retailers, ranging from small mom-and-pop stores to giant chains such as Wal-Mart.

“If the state is deprived of the $456 million-plus [annually] in sales tax revenues, there are fewer dollars to provide state services,” said Sharon Younger, president of Younger Associates, who was hired by the Alliance for Main Street Alliance to analyze figures from a previous study by the University of Tennessee study.


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