TechTaffy

tech:

taffy

Amazon To Open New Facility In Indiana

By TechTaffy Desk

[Techtaffy Newsdesk]

Amazon.com says it plans to locate a new fulfillment center in Jeffersonville, Indiana, creating up to 1,050 new jobs by 2015 and approximately $150 million in investment in the state. The Jeffersonville facility will be Amazon’s fifth fulfillment center in Indiana, bringing its total footprint in the state to more than 4 million square feet. Amazon currently operates facilities in Indianapolis, Whitestown and Plainfield.

Amazon expects to open the new facility this fall.

The Indiana Economic Development Corporation offered Amazon up to$2,000,000 in conditional tax credits and up to $300,000 in training grants based on the company’s job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. Also, the IEDC and the Indiana Department of Transportation will allocate funds to improve Cox Road. River Ridge Development Authority has approved additional property tax abatement through the enterprise zone and will support infrastructure improvements.

Indiana is home to more than 4,700 miles of mainline rail track, three international airports and more than 11,000 total highway miles. Each year, more than 1.1 billion tons of freight travel through Indiana, making it the fifth busiest state for commercial freight traffic in the nation.

[Image Courtesy: Indiana Economic Development Corporation]

Just in

Series A

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.
Around the web

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 
Fundings

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.
Around the web

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 
IT

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.