The City of Longview and Neiman Marcus are expanding n agreement to keep Neiman Marcus Distribution Center within city limits.
Longview city spokesperson, Shawn Hara, says the new agreement keeps the center from being annexed out of city limits. This will help save the company $700,000 in municipal tax.
The city will also continue to provide emergency services to the center.
In return, Neiman Marcus will make annual payments in lieu of annexation. This starts at a property tax of $285,000 and increases to $405,644 over 10 years.
"Neiman Marcus employs more than 200 people in Longview and we are thankful the company will remain here." Hara said.
The company has been in Longview since 2008 and runs a 418,000sf distribution center.