The Nevada Governor’s Office of Economic Development (GOED) has greenlit tax abatements totaling $13,224,749 for two companies, signaling a boost in job creation and investment within the state.
In exchange for the tax incentives, they will create 504 jobs within the next two years, with an average hourly wage of $25.48, and grow to 551 jobs over five years. The companies will also embark on a significant capital equipment investment totaling $170,420,219.
The economic benefits are not just job creation and investment. Over the next ten years, the companies must generate $140,255,324 in new tax revenues.
The companies include Vantage Data Centers, which plans to construct a data center facility in Storey County. Meanwhile, Excel Inc., operating as DHL Supply Chain, intends to establish two distribution centers in North Las Vegas.
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