By Anjeanette Damon
Nevada officials approved $87.6 million in tax incentives to create
nearly 2,900 jobs in the past two years, according to data obtained by
the Las Vegas Sun.
That’s about $30,000 in forgone tax revenue per job.
Some state economic development officials argue that figure shouldn’t
be looked at as a cost to taxpayers. Instead, they say, it’s a $30,000
per job enticement — a temporary cessation in tax collection — that
brings with it jobs, additional tax revenue and a broader economic
effect, such as construction jobs and bumps in consumer spending. More here.