Nevada OKs incentives for 9 companies moving or expanding here. Here's how much they got
Nevada’s economic development board approved $4.7 million worth of incentives on Wednesday for nine companies that are either moving or expanding operations in the state.
The Governor’s Office of Economic Development estimates that the companies will create more than 1,300 permanent jobs across the state at an average wage of nearly $30 per hour. The companies range from manufacturing operations to technology companies.
Tax incentives and abatements have been a commonly used tool for the state to attract companies to Nevada, particularly during the Great Recession. Tesla, for example, received more than a billion dollars in incentives to build its Gigafactory facility just east of Reno-Sparks in Storey County.
© 420 Intel