Strome Business Minute With Dr. Jeff Tanner

I’m Jeff Tanner, Dean of the Strome College of Business at Old Dominion University and this is a Strome Business Minute. Amazon closed last week on ninety five acres in Suffolk, close to Interstate six sixty four and the Port. While Amazon has confirmed the purchase, they won’t say what the land will be used for. Speculation, though, is that Amazon will build a fulfillment center there. After all, last summer, the Army Corps of Engineers entertained a proposal for a fulfillment center on that site, which requires a site plan permit approval. And a July report from the Hampton Roads Economic Development Alliance pointed to a fulfillment center coming that would result in one thousand new jobs. But what exactly is a fulfillment center? While it’s not a where you find personal fulfillment, it is a special kind of warehouse where Amazon fills orders. To find out more, visit odu.edu/business. This Strome Business Minute is presented by the Strome College of Business at Old Dominion University.