The Governor’s Office of Economic Development has approved tax abatements to draw eight businesses to the Silver State including for Foot Locker Retail to invest in a Washoe County plant.
The other seven businesses are slated to open in Clark County.
Gov. Steve Sisolak said all of the recipients are “high-quality companies creating good jobs for Nevadans.” He said the fact that seven of the eight are going to Clark County will help diversify that area’s hospitality-based economy.
Foot Locker will receive $2.7 million in tax abatements over 10 years. In return, the company will invest $26.8 million in capital equipment within the first two years of operating its distribution center and create 212 jobs.
A spokesman for GOED said the company has a “weighted hourly wage” of $21.49 and is expected to generate $13.8 million in tax revenue over 10 years.
The other companies receiving tax breaks include Tapestry Inc., which will get $2.9 million in breaks to bring a new distribution center to the south, Nutrition Corp., a new food manufacturer that will receive $1.3 million in tax breaks, JAND, Inc., a new eyeglasses maker, Pitney Bowes Presort Services, Spreetail which is expanding an existing distribution center, Sunshine Minting, an existing precious minerals maker, and TCP Global which will also bring a new distribution center to Clark County.