(Las Vegas, NV) — Nevada officials are defending nearly $88 million in tax incentives to bring new businesses to the Silver State.
The “Las Vegas Sun” says over the past two years, the money created nearly 2900 jobs in Nevada. That comes out to about $30,000 in tax breaks for each person hired.
Computer giant Apple received a $55 million abatement to build a data storage center near Reno, which is expected to create 35 jobs. But some tax breaks have resulted in relatively few new jobs.
Lieutenant Governor Brian Krolicki says incentives help generate additional revenue from employment and consumer spending.
Governor Brian Sandoval has made tax incentives a key component of his economic policy.