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Dallas Weighs $5 Million in Incentives to Keep Neiman Marcus

May 24, 2022, 8:30 PM

Neiman Marcus Group Inc., owner of the luxury department-store chain, could snag more than $5 million in government incentives to keep its headquarters in Dallas.

City council members are set to vote Wednesday on an economic development grant of up to $5.25 million to Neiman Marcus, according to the agenda. The agreement would require the retailer to move into a tower north of downtown and create 300 jobs by the end of 2026.

The company, owned by Ares Management Corp. and Canada Pension Plan Investment Board, will also be required to keep its flagship store in downtown Dallas if ...