Political Update – November 20, 2018
 Nevada approves Google’s $600M data center near Las Vegas, $25.2M in tax incentives Jason Hidalgo
November 16, 2018 The state of Nevada approved an application by Google for a $600 million data center in Clark County. The new data center will be located in Henderson, Nevada, and is projected to create 50 jobs within five years. The average wage for the data center is estimated to be $31.25 per hour. As part of a tax abatement agreement worth $25.2 million, Google will run the data center and employ its workers while Design LLC — a wholly owned subsidiary by Google — will own the property. The project will receive a 2 percent sales and use tax abatement over 20 years worth $18.75 million and a 75 percent property tax abatement over 20 years worth nearly $6.5 million from the state. The Google application was one of 10 that were approved by the state this week. Other approvals by the state include applications by lead refiner Aqua Metals in Storey County, manufacturer Berkley International and specialty refiner Redwood Material in Carson City, and bicycle company FOX Factory and software-as-a-service business rfXcel in Washoe County. Quote of the week
Quote: “Nevada is giving Google a $25 million subsidy which equals $504,000 per job created. Creating 50 jobs at Google within 5 years, costing more hiring than 500 new teachers for next school year.”
Keyston Corporation
Nevada government pay gap highest in the nation, new data shows Robert Fellner Nevada Policy Research Institute October 31, 2018 When measured as a percentage of private-sector earnings, Nevada local government workers were by far the highest paid in the nation last year, according to newly released Census data. Last month, the U.S. Census Bureau released 2017 earnings estimates for the median full-time, year-round worker. Keystone’s Mission: To recruit, support and advocate for candidates for public office who support private sector job creation, low taxation, a responsible regulatory environment, and effective delivery of essential state services. Keystone’s Mission: • To focus on candidate support on state legislative races and the governor’s office. P.O. Box 93596 | Las Vegas, NV 89193-3596 To ensure that you continue receiving email updates, please add Info@KeystoneNevada.com to your address book or safe list. |