State Tax Abatement Promise Good Jobs

The Nevada Governor’s Office of Economic Development Board approved 16 companies for $46 million in tax abatements. They’re required as part of that agreement, to create 1,432 jobs at an hourly wage of $31.83 in the next two years. That figure is expected to grow to 2,442 in five years. Additionally, these companies will make a capital equipment investment of $490 million in the first two years of operation and generate $256 million in net new tax revenues over the next 10 years. Gov. Steve Sisolak says “As we look to reskill workers whose jobs were displaced during the pandemic, these companies are creating skilled jobs with competitive wages.”