Monday, July 6, 2015

PA taxpayer subsidy for Neiman Marcus

$900,000 for Pittston warehouse, 151+ jobs

PA taxpayer subsidy for Neiman Marcus


Pennsylvania taxpayers will give high-end department-store operator Neiman Marcus Group close to $900,000 in grants and tax breaks for the company's planned $12 million, 200,000 sq ft warehouse in Jenkins Township, near Pittston, Luzerne County. In a statement Gov. Corbett said the chain will hire "at least 151."

Corbett credited the subsidy and the state's "pro-business climate" for Neiman Marcus' plan to build in the depressed former coal region. Neiman Marcus has booked profits totalling $150 million so far this fiscal year (first three quarters).

Landlords have been luring warehouses from New Jersey to townships along the state's free Interstate highways north and northwest of Allentown. Neiman Marcus cfo/coo Jim Skinner noted the chain already has 15 stores in PA, and Pittston is a "strategic location" accessible to NYC and other Northeast centers.

The state package includes a $375,000 grant from the Pennsylvania First program, $67,950 n job-training assistance, and $453,000 in Job Creation Tax Credits. 

We encourage respectful comments but reserve the right to delete anything that doesn't contribute to an engaging dialogue.
Help us moderate this thread by flagging comments that violate our guidelines.

Comment policy: comments are intended to be civil, friendly conversations. Please treat other participants with respect and in a way that you would want to be treated. You are responsible for what you say. And please, stay on topic. If you see an objectionable post, please report it to us using the "Report Abuse" option.

Please note that comments are monitored by staff. We reserve the right at all times to remove any information or materials that are unlawful, threatening, abusive, libelous, defamatory, obscene, vulgar, pornographic, profane, indecent or otherwise objectionable. Personal attacks, especially on other participants, are not permitted. We reserve the right to permanently block any user who violates these terms and conditions.

Additionally comments that are long, have multiple paragraph breaks, include code, or include hyperlinks may not be posted.

Read 0 comments
comments powered by Disqus
About this blog

PhillyDeals posts drafts, transcripts and updates of Joseph N. DiStefano's columns and stories about Philly-area business, which he's been writing since 1989.

DiStefano studied economics, history and a little engineering at Penn and taught writing at St. Joseph's. He has written thousands of columns and articles for the Inquirer, Bloomberg and other media, wrote the book Comcasted, and raised six children with his wife, who is a saint.

Reach Joseph N. at,, 215.854.5194 or 302.652.2004.

Reach Joseph N. at or 215 854 5194.

Joseph N. DiStefano
Also on
letter icon Newsletter