New Companies will Invest $490 Million and Generate $256 Million in Taxes
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September 23, 2021

CARSON CITY, Nev. – The Nevada Governor’s Office of Economic Development (GOED) Board today approved 16 companies that will receive $46 million in tax abatements. In return these companies are required to create 1,432 jobs at an hourly wage of $31.83 in the next two years. That figure is expected to grow to 2,442 in five years. Additionally, these companies will make a capital equipment investment of $490 million in the first two years of operation and generate $256 million in net new tax revenues over the next 10 years.

“I would like to welcome these great companies to Nevada who are making a major investment in our economy,” said Governor Steve Sisolak. “As we look to reskill workers whose jobs were displaced during the pandemic, these companies are creating skilled jobs with competitive wages.”

Thirteen of the companies receiving abatements are in Clark County.

“Our team at the Las Vegas Global Economic Alliance (LVGEA) is proud to work alongside GOED to strengthen Southern Nevada and create high-quality jobs for our community,” said LVGEA President and CEO Jonas Peterson. “These companies will not only help advance our region’s recovery but will diversify and strengthen the economy for years to come.”

The companies approved for abatement today include:

“Throughout the pandemic we have been hyper focused on the 50,000 jobs that may not return to the hospitality and leisure sectors of Nevada’s economy,” said Michael Brown, GOED Executive Director. “In addition to creating new jobs, I am confident that these companies will create opportunities for re-skilling workers.”

 

 

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About the Governor’s Office of Economic Development

Created during the 2011 session of the Nevada Legislature, the Governor’s Office of Economic Development is the result of a collaborative effort between the Nevada Legislature and the Governor’s Office to restructure economic development in the state. GOED’s role is to promote a robust, diversified and prosperous economy in Nevada, to stimulate business expansion and retention, encourage entrepreneurial enterprise, attract new businesses and facilitate community development.