The agenda for the next meeting of the Board of the Nevada Governor’s Office of Economic Development includes applications seeking incentives for several key projects in Reno, the Las Vegas Valley and Lyon County, among others.
The only Catalyst Fund grant request on the agenda is an application by the City of Reno economic development agency for an expansion of healthcare technology company Grand Rounds, Inc.’s operations in Reno.
San Francisco, CA-based Grand Rounds is opening a services and technology center in Reno as its second location. The company has already hired around 30 employees in Reno, and they plan to increase the number of jobs created in Reno to 200 over the next five years. These are jobs with an average hourly wage of $30.
Grand Rounds is seeking $150,000 in state incentives in the form of a Catalyst Fund grant. The agreement requires the company to create at last 70 jobs over the next two years. This application is supported by the City of Reno and the Economic Development Authority of Western Nevada (EDAWN).
Grand Rounds CEO Owen Tripp said in a release announcing the project that expanding into Reno is a major milestone for Grand Rounds, and the Northern Nevada community has met them with open arms.
EDAWN CEO Mike Kazmierski said in the release that companies like Grand Rounds will accelerate the transition of this region as a technology center that is attractive to the healthcare sector and other technology companies in the years ahead.
The GOED Board will also consider several applications for tax abatements. One key project is the proposed relocation of the corporate headquarters of Fidelity National Financial Ventures, LLC to the Las Vegas Valley.
FNFV is currently headquartered in Jacksonville, FL, and plans to invest more than $3.7 million for the relocation project that is expected to bring eight high-level executives and 12 support staff, adding up to 20 new jobs with an average hourly wage of $305.88 for Nevada.
Other projects whose tax abatement applications may be considered by the GOED Board include:
Greeley Development Corporation – Seeking $485,000 in tax abatements for a manufacturing facility project in Storey County;
GreeNu Commodities, LLC – Seeking $3,636,400 in tax abatements for a waste-to-energy conversion facility in Lyon County that will reuse waste tires to generate diesel grade liquid fuel, carbon black, and scrap steel.
Just Refiners (USA) Inc. – Seeking $709,700 in tax abatements for a carbon treatment and development facility in Lyon County.
Angie’s Artisan Treats – Seeking $107,200 in tax abatements for a manufacturing and distribution facility in Washoe County.
Tolsa West Coast Corp. – Seeking $197,400 in tax abatements for expansion of manufacturing and distribution operations in Pershing County.
Tolsa is a part of Madrid, Spain-based Tolsa Group. The company is separately considering relocating its U.S. corporate headquarters to Reno. That project is not a part of their application for tax abatements, which are only for the Pershing County expansion in Lovelock, NV.