Pretzel maker, lithium company to get tax abatements from Nevada

Nevada Governor Steve Sisolak hosts a round-table discussion about affordable housing on March 10, 2022. The governor also chairs the board of the Governor's Office of Economic Development.

A snack manufacturer in Carson City and a lithium company with plans to build a facility in Northern Nevada were among six companies to receive tax abatements as part of the state’s latest round of incentives.

The Governor’s Office of Economic Development approved a total of $16.25 million in tax abatements at its quarterly board meeting held this month. 

The six companies that received the incentives are required to create a total 750 jobs at an average wage of $25.17 per hour in the first two years, rising to 1,786 jobs within five years. The companies will also make $164.1 million in capital investments over two years and are expected to generate more than $147 million in net new tax revenues over 10 years.

One of the companies is Stellar Snacks in Carson City, which was awarded $1.8 million in abatements. 


https://www.rgj.com/story/news/money/business/2022/03/25/pretzel-maker-lithium-company-get-tax-abatements-nevada/7159376001/

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