Seven companies have received approval for over $30 million in tax abatements from the state of Nevada.
The Nevada Governor’s Office of Economic Development (GOED) anticipates the companies will collectively generate nearly 500 jobs within the next two years, boasting an average weighted hourly wage of $42.36. The figure could rise to 738 positions created over five years. The GOED said the companies will make capital investments totaling $273 million, contributing around $115 million in new tax revenues throughout the 10-year abatement period.
Governor Joe Lombardo expressed confidence in the tax breaks.
“Nevada’s incentives continue to attract capital investment and create jobs,” Lombardo said.
Among the companies set to receive tax abatements, Novva Reno LLC plans to construct a 300,000-square-foot data center facility in Storey County. The venture will yield 13 jobs within the first five years, with an average hourly wage of $32.55.
Symbia Fulfillment Services of Nevada is poised to construct a substantial 320,000-square-foot building in Storey County, with expectations of creating ten jobs in the initial five years, offering an average wage of $29.37 per hour.
The remaining companies will undertake construction projects in Washoe, Churchill, and Clark Counties.
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