Nevada GOED approves companies to receive tax abatements

The Nevada Governor’s Office of Economic Development approved two companies that will receive $13,224,749 in tax abatements.

In return, these companies are projected to create 504 jobs in the next two years at an average hourly wage of $25.48. That figure is expected to grow to 551 jobs in five years. Additionally, these companies will make a capital equipment investment of $170,420,219 and generate $140,255,324 in new tax revenues over the 10-year abatement period.

The companies approved for abatements include Excel Inc. dba DHL Supply Chain, which plans to establish two distribution centers in North Las Vegas, and Vantage Data Centers,  looking to build a co-located data center facility in Storey County.

For information, visit www.goed.nv.gov.