The Nevada Governor’s Office of Economic Development (GOED) has approved $500,000 in tax abatements for four companies. In return, these companies are projected to create 254 jobs in the next five years at a weighted average hourly wage of $49. Additionally, these companies will make a capital equipment investment of $3.7 million and generate $42 million in new tax revenues over the 10-year abatement period.
“Nevada is building a vibrant, flexible, forward-thinking economy,” stated Governor Joe Lombardo. “By investing in four dynamic companies across diverse sectors, we’re not just creating over two hundred high-paying jobs; we’re boosting our state’s economy and setting the stage for a sustainable and prosperous future.”
The companies receiving abatements are in Clark County and Storey County:…