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[December 14, 2012]
BRIEF: State approves up to $600,000 for video game developer moving to downtown Las Vegas [Las Vegas Sun]
(Las Vegas Sun (NV) Via Acquire Media NewsEdge) Dec. 14--It has been almost a year and a half since Gov. Brian Sandoval signed legislation that authorized a $10 million catalyst fund to be used to attract new companies to Nevada or help existing businesses expand.
Today, the Governor's Office of Economic Development unanimously approved a request to earmark up to $600,000 for a video game developer that's planning to relocate from Northridge, Calif., to downtown Las Vegas.
Take-Two Interactive Software, which produced the Grand Theft Auto, NBA 2K and Max Payne game franchises, plans to relocate downtown 150 quality assurance testing jobs, with an average wage of $18 an hour, within a year of moving operations to Nevada.
The deal is performance based, and money would be paid over five years with a maximum $120,000 per year to offset the expense of the company's move.
The incentive is designed to expand Southern Nevada's growing $60 billion video game publishing industry.
___ (c)2012 the Las Vegas Sun (Las Vegas, Nev.) Visit the Las Vegas Sun (Las Vegas, Nev.) at www.lasvegassun.com Distributed by MCT Information Services
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