$45M IN TAX INCENTIVES WERE AWARDED
13 firms in Southern Nevada were Awarded tax incentives from the Governor’s Office of Economic Development. This is part of a plan to develop a more diversified economy for the State of Nevada that was started during Governor Sandoval's term in office.
The Governor’s Office of Economic Development has moved into Southern Nevada with the hope of easing Southern Nevada's economic dependence on the gaming industry. Tax incentives were awarded to 13 firms.
These 13 firms with plans to relocate or expand their operations in Southern Nevada, are receiving a combined $45.1 million in tax incentives from the Office of Economic Development.
The companies are projected to add 2,314 jobs to the region over the next five years at an average hourly wage of $33.36
The positions are in industries such as technology, manufacturing and logistics, which the Las Vegas Global Economic Alliance said is “critical for the region’s economic growth and diversification.
The 16 firms are expected to generate $256 million in net tax revenues over the next 10 years as well as making a capital equipment investment of $490 million in the first two years.
...ACCURATE MANUFACTURED PRODUCTS GROUP
Awarded tax abatement: $112,614
Jobs: 28
Average hourly wage: $27.64
Accurate Manufactured plans to establish a distribution facility in Henderson. The Indianapolis-based company makes specialty fasteners, architectural components, and industrial products.
...APPLIED MANUFACTURING
Awarded tax abatement: $493,878
Jobs: 174
Average hourly wage: $22.77
Applied Manufacturing, a subsidiary of Applied Medical, is establishing a manufacturing facility in North Las Vegas.
...BALL CORP.
Awarded tax abatement: $17,476,855
Jobs: 222
Average hourly wage: $33.65
Ball Corp., a Colorado company that makes aluminum cans and other packaging solutions, will be building out a plant in North Las Vegas.
...CAE INC.
Awarded tax abatement: $5,326,254
Jobs: 87
Average hourly wage: $54.96
Aviation training and simulation firm will be setting up a training center in Southern Nevada.
...CROWN HOLDINGS INC...
Awarded tax abatement: $8,387,067
Jobs: 126
Average hourly wage: $26.18
Pennsylvania-based food and beverage metal can manufacturer Crown Holdings will be moving into a manufacturing facility in Mesquite.
...FLOWERS BAKING CO..
Awarded tax abatement: $2,245,758
Jobs: 88
Average hourly wage: $24.85
The Henderson-based baked goods maker is planning to expand its current facility.
...HADDINGTON DYNAMICS INC..
Awarded tax abatement: $712,205
Jobs: 363
Average hourly wage: $61.30
Haddington Dynamics wants to expand its computer research and development headquarters in Clark County.
...MOTIONAL AD INC.
Awarded tax abatement: $407,869
Jobs: 203
Average hourly wage: $34.92
Autonomous vehicle company Motional will be expanding its operations in Las Vegas.
...NEUROVU STUDIOS
Awarded tax abatement: $461,352
Jobs: 33
Average hourly wage: $32.03
The company is looking to create an extended reality studio in Las Vegas. The film and video production firm was approved to create 20 jobs with the potential of 33 jobs in five years.
...NURO INC.
Awarded tax abatement: $493,579
Jobs: 370
Average hourly wage: $27.50
Nuro, maker of self-driving vehicles for delivering goods, will be establishing an autonomous vehicle testing site and manufacturing facility in Las Vegas.
...T-MOBILE USA INC..
Awarded tax abatement: $489,802
Jobs: 69
Average hourly wage: $26.68
T-Mobile is looking to relocate and expand its T-Mobile Customer Experience Center and existing workforce in Las Vegas.
...WELLS ENTERPRISES INC..
Awarded tax abatement: $4,684,537
Jobs: 87
Average hourly wage: $22.82
Family-owned ice cream and frozen dessert maker will be expanding its operations in Henderson and creating 87 jobs within two years.
Products include Classics frozen treats as well as a manufacturer of licensed brands such as The Cheesecake Factory at Home.
...KROGER CO.
Awarded tax abatement: $3,792,524
Jobs: 414
Average hourly wage: $26.53
The grocery chain operator will be opening a distribution and fulfillment center in North Las Vegas.