October 25, 2014
CARSON CITY, Nev. (AP) - The Nevada Board of Economic
Development endorsed $89 million in tax abatements to lure Apple
Inc. to Reno, though their action was ceremonial because they
lacked authority to change the deal.
Gov. Brian Sandoval on Tuesday called the agreement a "win" for the state.
A state law approved last year gives the executive director of the Economic Development agency wide discretion to negotiate deals
with companies that meet certain criteria.
Director Steve Hill told the board that once the local governments of Washoe County and the city of Reno signed off on the tax abatements for Apple, the agreement was essentially cast in stone.
Apple plans to build a data center and purchasing center in
Reno-Sparks. It says it will invest $1 billion over the next 10
Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.