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Foot Locker Retail receives $2.7 million on tax abatements and creating 212 jobs

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An image of the inside of a Foot Locker store.

Nevada awarded $8.9 million in tax incentives to eight companies this month, which includes abatements for a new distribution center for Foot Locker in Washoe County.

Foot Locker Retail received $2.7 million in tax abatements for its new fulfillment center, which will be spread over 10 years. As part of its tax deal, Foot Locker pledged to spend $26.8 million in capital equipment investments within the first two years of the facility’s operation. 

Foot Locker also expects to create 212 jobs in the next five years at an average wage of $21.49. The state estimates that Foot Locker’s new operation will generate $13.8 million in tax revenue over the next decade.

More:Nevada OKs incentives for 9 companies moving or expanding here. Here’s how much they got





Read More: Foot Locker Retail receives $2.7 million on tax abatements and creating 212 jobs

2021-06-21 20:40:28

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