Nevada

Nevada Considers Economic Development Incentives For Hyperloop Technologies

At its next meeting, the Board of the Nevada Governor’s Office of Economic Development (GOED) will consider tax abatement applications for several important projects.

Hyperloop Technologies

Hyperloop Technologies (photo – hyperlooptech.com)

One of the applications is from Hyperloop Technologies Inc., which last year announced the selection of the Apex Industrial Park in the City of North Las Vegas, NV as the location for their Propulsion Open Air Test (POAT) facility.

The Hyperloop Technologies project builds on Nevada’s success in attracting Elon Musk’s Tesla Gigafactory.  Los Angeles, CA-based Hyperloop Technologies was established to explore the open-source Hyperloop concept, whose early designs were created by engineers at Tesla and SpaceX.

Hyperloop is a transportation system in which a full-length tube is built between destinations. The controlled environment inside the tube enables high-speed transportation. A small test track on the POAT site will test the custom-designed linear electric motor at extremely high speeds.

When the company announced their decision to locate this facility in the Mountain View Industrial Park in Apex Industrial Park, Steve Hill, Director of the Governor’s Office of Economic Development, said in a statement that “Hyperloop Tech is a cutting-edge company focused on changing the way the world views transportation, and we could not be more excited about the role the State of Nevada is going to play in this first phase of testing.”

Hyperloop is making an investment of approximately $121,620,000 at the site, and this North Las Vegas economic development project is expected to create 108 new jobs by the fifth year and 174 in ten years.

The establishment of the POAT facility was a critical first step towards the full Hyperloop system test. The company is conducting a site selection process for the location of a Safety, Development and Test site where it will construct a full-scale, full speed prototype.

In order to secure this project, the GOED Board will on Friday consider an application from Hyperloop Technologies Inc. seeking $9,249,997 in tax abatements in modified business tax (50 percent for four years); sales and use tax (abated to two percent); and property tax abatements (50 percent for ten years), along with $750,000 in transferable tax credits.

These incentives are a significant factor in the company’s decision to locate in Nevada. This application is supported by the Las Vegas Global Economic Alliance.

Apart from the Hyperloop application, the GOED Board will also consider abatement applications for two Northern Nevada projects in Washoe County by ITS Logistics, LLC and Mary’s Gone Crackers, Inc.

Gridley, CA-based Mary’s Gone Crackers, Inc. is seeking $2,134,017 in abatements for a possible relocation of its manufacturing operations and corporate headquarters to Nevada. Third-party logistics company ITS Logistics is seeking $319,274 in tax abatements for an expansion of its operations in Sparks, NV.

2050 Motors Outlines Expansion and Job Creation Plans For US Electric Vehicle Plant

2050 Motors Inc. could mark the third major Nevada economic development project by an electric vehicle manufacturer locating a large facility in the state, following the battery and automotive manufacturing projects announced by Tesla and Faraday Future.

2050 Motors job creation

Photo – 2050motorsinc.com

But 2050 Motors’ plans are slightly different from the multi-billion dollar plans of Tesla and the $1.3 billion investment for Faraday’s plant.

One major difference is that, unlike the secretive manufacturing plans and site selection process demanded by Tesla and FF, this third project is moving forward in transparent phases that have already been made public by the company.

2050 Motors, Inc. (OTCQB: ETFM), a publicly traded company incorporated in Nevada back in 2012, has included a dedicated “Job Creation” section on its brand new corporate website. Referring to this job creation section on their website, the company said in a release that “This section addresses 2050 Motors’ Phase I and II corporate expansion plans that may create over 3000 jobs in the next few years.”

On their website, the company provides a detailed breakup of its job creation plans. It shows plans for creation of 137 direct jobs in 2017, adding up into a cumulative total of 902 direct jobs by 2020 that could result in the creation of over 3,000 indirect jobs.

2050 Motors has entered into an agreement with Jiangsu Aoxin New Energy Automobile Co., Ltd., located in Jiangsu, China, for the distribution in the United States of a new four-passenger electric automobile known as the e-Go EV. This is at the moment the only production line electric car with a carbon fiber body and parts manufactured by a new process using robotic machines. The company is also gearing up to unveil a five-passenger carbon fiber luxury sedan named the Ibis EV.

In Phase I, 2050 Motors will be selling automobiles to the American market totally manufactured in China. In Phase II, 2050 Motors intends to assemble the e-Go EV in the United States using parts and components shipped in from China where their partners have already made the capital investment required to make the state-of-the-art aluminum frame and carbon fiber parts for the e-Go EV.

The company can therefore assemble and manufacture the e-Go EV in the United States without making the huge capital investments that competitors like Tesla are making.

As for the location of this vehicle assembly facility, the company has stated in a previous SEC filing that “2050 Motors is already planning an assembly plant for the e-Go in Las Vegas, Nevada and has been in meetings with the Urban Development Authority of Las Vegas for potential locations to build such a facility and initially create several hundred local jobs.”

The company added in their latest release that it has been negotiating for well over a year with municipalities to finalize plans for job creation, and that both state governments and municipalities are offering considerable incentives for job creation.

Nevada GOED Board to Consider Incentives For Gulfstream, Faraday Future Projects in Clark County

At its next meeting later this week, the Board of the Nevada Governor’s Office of Economic Development (GOED) will be taking up tax abatement applications for two important Clark County economic development projects.

Gulfstream Las Vegas

Gulfstream Las Vegas (photo – gulfstream.com)

One is an expansion of Gulfstream Product Support Corporation’s operations in Las Vegas. The company is applying for Nevada’s new 20-year Aviation Sales Tax and Personal Property Tax abatements.

Gulfstream manufactures large and ultra large aircraft at its Savannah, GA headquarters and offers product support and service at the Las Vegas facility. Gulfstream Aerospace Corporation is a wholly owned subsidiary of General Dynamics (NYSE: GD).

Their Las Vegas maintenance, repair and overhaul (MRO) facility comprises a service center for all Gulfstream aircraft. It is based around a 75,000-square-foot hangar located at McCarran International Airport, minutes from the Las Vegas Strip.

The company had 54 existing employees at this MRO facility, and will be creating an estimated 22 new jobs during the tax abatement period. Gulfstream will be making an estimated $4 million capital investment during this period, and will spend an estimated $180 million annually on aviation parts purchases.

The tax abatement applied for includes a Sales Tax abatement on equipment and parts that will save the company an estimated $11,224,000. A personal property tax abatement on equipment and craft of 50 percent will save another $116,654, adding up to a total abatement of $11,340,654.

The second major application for tax abatements that is on the GOED agenda is from electric vehicle manufacturer Faraday Future. The company recently announced the selection of the Apex Industrial Park in North Las Vegas as the site for a $1 billion electric vehicle manufacturing plant.

The total capital investment for this project includes $26 million in land costs and $612 million in building improvements, along with $737 million for equipment. Faraday expects to create 4,500 direct jobs on the site with an average wage of $22 per hour.

Tax abatements were considered by Faraday to be a crucial part in their decision to locate to Nevada. The $215.9 million package for Faraday Future that will be considered by the GOED Board includes $38 million in transferable tax credits (TTC) and $177.9 million in tax abatements, which are as follows:

– Up to 100 percent local sales tax abatement for 15 years – $86.9 million;

– 75 percent real and personal property tax abatement for 10 years – $78 million; and

– 75 percent Modified Business Tax abatement for 10 years – $12.9 million.

Both the Gulfstream and Faraday Future tax abatement applications have the support and endorsement of Southern Nevada economic development group Las Vegas Global Economic Alliance (LVGEA).

SolarCity to Eliminate, Relocate 550 Jobs Out of Nevada

SolarCity (NASDAQ: SCTY) announced that it will eliminate more than 550 jobs in Nevada following the decision by the state’s Public Utilities Commission (PUC) to cut net metering credits and raise costs for solar customers.

SolarCity

SolarCity (photo -chak/wikipedia)

SolarCity had previously announced on December 23 that as a result of the PUC decision, it had decided to cease solar sales and installations in the state.

At that time, the company noted that supported by Nevada economic development incentives and solar rebate policies, it had expanded to Nevada and has hired more than 2,000 local workers in just over two years.

Regarding this new announcement that it would eliminate over 550 of these jobs, the company said that where possible, it will relocate affected employees to “business-friendly states.”

Lyndon Rive, SolarCity’s CEO, said in a release that “I contacted Governor Sandoval multiple times after the ruling because I am convinced that he and the PUC didn’t fully understand the consequences of this decision, not only on the thousands of local jobs distributed solar has created, but on the 17,000 Nevadans that installed solar with the state’s encouragement.”

SolarCity also announced that it has closed a training center in West Las Vegas that it opened a little over a month ago in November.

Rive added that “Telling employees they can no longer work for SolarCity is the hardest thing we’ve ever done. These are hard-working Nevadans and a single government action has put them out of work. This is not how government is supposed to work.”

SolarCity noted in the release that other Nevada solar companies with higher cost structures than its own are expected to collectively lay off thousands of additional Nevadans in the coming months.

Vivint Solar (NYSE: VSLR) CEO Greg Butterfield also issued a statement in which he says that the decision by the Nevada Public Utilities Commission to end its net metering program will cost jobs, economic output, and consumer choice.

“Were we and our competitors to proceed with operations in Nevada, customers would lose money, limiting adoption only to those willing to make an environmental statement – distracting from one of the first truly disruptive energy innovations in more than 100 years,” added Butterfield.

The Nevada Bureau of Consumer Protection has filed a motion to halt implementation of the PUC’s ruling, stating that the order’s impact “is not consistent with the Governor’s stated objectives of SB 374 or the Governor’s initiatives and focus to increase jobs and employment for Nevada residents.”

Following the PUC decision, Gov. Sandoval had issued a statement asking the solar industry to respect the legal process. “I ask the industry to approach the PUC’s decisions thoughtfully and reasonably. A process for reconsideration and even judicial review is afforded to all parties,” said Gov. Sandoval.

SolarCity Suspends Nevada Sales and Installations Over PUC Decision

SolarCity (NASDAQ: SCTY) announced that it is ceasing solar sales and installations in Nevada as a reaction to the Nevada Public Utilities Commission (PUC) order on net metering.

SolarCity

SolarCity (photo -chak/wikipedia)

In a release, the company mentioned the Nevada economic development incentives offered to attract SolarCity to the state in 2013 and encourage creation of local jobs.

Accepting the incentives, SolarCity expanded to Nevada and has hired more than 2,000 local workers in just over two years.

However, Senate Bill 374 passed by the Nevada Legislature in the past session was a compromise measure meant to allow the rooftop solar industry to continue to create jobs and grow in Nevada while balancing the interests of non-solar ratepayers.

The bill creates a net metering framework, shifts the regulatory authority over net metering from the Legislature to the Public Utilities Commission, and requires the Commission to evaluate and balance the interests of business and ratepayers. The PUC is a three member quasi-judicial panel with its own decision-making authority.

At its latest meeting, the PUC approved implementation of separate ratepayer classes for NV Energy customers who participate in net metering. The aim of the increase in costs is to eliminate the cost shifts from net metering customers to traditional non-solar customers. At present, the annual subsidy associated with this cost shift is $623 for each residential net metering customer in southern Nevada, and $471 in northern Nevada.

SolarCity says in its release that the PUC order amounts to a “bait and switch” policy by the State. The release notes that the state created a rebate program to entice Nevadans to go solar, and many chose to do so.

“Now, in what amounts to a massive bait and switch for the local solar industry and its customers right before the holidays, the Governor’s PUC has effectively shut down the rooftop solar industry and taken the extraordinary step to punish over 12,000 existing solar customers, including schools, with exorbitant fees in what appears to be an attempt to protect the profits of the state’s largest utility.”

SolarCity CEO Lyndon Rive explains in the release that “We have no alternative but to cease Nevada sales and installations, but we will fight this flawed decision on behalf of our Nevada customers and employees.”

Governor Brian Sandoval’s office also issued a release after the PUC’s decision in which he says that Nevada has provided tremendous support to the solar industry by adopting increases to the net metering cap over the past four years and given hundreds of thousands of dollars of economic development incentives to Solar City.

“In fact, more than $5 billion of renewable projects have been installed in Nevada during my administration,” said Gov. Sandoval. “However, the state must also strike a balance between helping to develop the solar industry which I believe has tremendous potential while ensuring just and reasonable energy rates for all Nevadans.”

“The solar industry should respect the legal process and I ask the industry to approach the PUC’s decisions thoughtfully and reasonably. A process for reconsideration and even judicial review is afforded to all parties,” added Gov. Sandoval.

Nevada Governor Signs Incentive Bills For $1B Faraday Future Project

Nevada Governor Brian Sandoval has signed into law four bills which the Nevada Legislature passed quickly in a Special Session to secure and facilitate the proposed $1 billion Faraday Future electric vehicle manufacturing facility at the Apex Industrial Park in North Las Vegas, NV.

Nevada State Capitol

Nevada State Capitol (photo -Amadscientist/wikimedia)

On Dec 10, Gov. Sandoval, Nevada Governor’s Office of Economic Development Director Steve Hill and Faraday Future Vice President of Global Manufacturing Dag Reckhorn announced the Apex Industrial Park has been selected as the official site for the company’s $1 billion North American production facility.

The project involves a more than $1 billion initial investment on the site within the first 10 years, with the creation of 4,500 direct jobs on-site and approximately 9,000 indirect jobs, for a total of 13,500 jobs.

At peak, the project will generate construction employment for more than 3,000 construction and installation workers. The direct economic impact generated by the project will be $55 billion over 20 years, and the indirect economic impact will be approximately $30 billion over 20 years, for a total impact of $85 billion (see full economic impact report).

After the company announced the selection of North Las Vegas for this project, Gov. Sandoval called a two-day Special Session of the Nevada Legislature to approve the $335 million package of incentives.

The four bills taken up by the Legislature (AB1, SB1, SB2 and SB3) and passed late Friday authorize $215 million in Nevada economic development tax incentives for the project, along with $120 million in infrastructure spending to facilitate the construction and operations of the Faraday Future electric vehicle plant and other future projects at the Apex Industrial Park.

Assembly Bill 1 is a jobs training bill that requires, among other things, that the Nevada Office of Economic Development develop and implement one or more programs to provide customized workforce development services to new and existing businesses in the State.

Senate Bill 1 is the main tax incentive package, providing for, among other things, the issuance of transferable tax credits and the partial abatement of certain taxes for the project, and authorizing the governing body of a city or county to grant abatement of certain permitting and licensing fees imposed or charged by the city or county.

Senate Bills 2 and 3 are related to the provision and management of water for the desert land of the Apex Industrial Park where the project will be located.

Specifically, SB2 authorizes the State Engineer to expedite action on an application for a permit relating to water rights in an area in which a qualified project is located, upon the receipt of notice from the Executive Director of the Office of Economic Development that the qualified project is an economic development priority of the State and that expedited action is necessary.

SB3 amends the Las Vegas Valley Water District Act to designate the District and the Southern Nevada Water Authority as the exclusive providers of water service for the Garnet Valley Ground Water Basin in Clark County, NV.

North Las Vegas Gets $1B Faraday Future Electric Vehicle Manufacturing Project

Electric vehicle manufacturing company Faraday Future has selected the Apex Industrial Park in the City of North Las Vegas, NV as the site for a proposed $1 billion vehicle manufacturing plant.

Apex Industrial Park, North Las Vegas, NV

Apex Industrial Park, North Las Vegas, NV (photo – apexindustrialpark.com)

The announcement will be made by Nevada Governor Brian Sandoval at a press conference that is scheduled to be held later today in Las Vegas.

The State Legislature will likely need to approve a package of Nevada economic development incentives in order to secure the project. The Faraday Future package of incentives is likely to be crafted along the same lines of Tesla’s deal with the state for its Gigafactory in the Tahoe Reno Industrial Center in Northern Nevada.

Last month, the Pasadena, CA-based Faraday Future had announced that their site selection process was in the final stages, with locations in California, Georgia, Louisiana and Nevada still under consideration.

The Apex Industrial Park is ideally located along the Interstate 15 corridor, just 25 minutes from McCarran International Airport, and within five hours from the Ports of Los Angeles and Long Beach.

The company’s plans include developing a range of 100 percent electric vehicles that offer intelligent, seamless connectivity to the outside world. Apart from vehicle production, Faraday Future also plans to explore other aspects of the automotive and technology industries such as in-vehicle content and autonomous driving.

Faraday Future, which has been operating in stealth mode until now, is going to unveil its concept at CES 2016 in Las Vegas.
The $1 billion investment and jobs that the proposed manufacturing plant will create are likely to be a major driver not just of North Las Vegas economic development, but will also produce benefits for the entire Southern Nevada region. An economic impact analysis for the project prepared by the City of North Las Vegas estimates that it could lead to the creation of more than 4,000 new jobs for the region.

Faraday Future already has 400 employees, and expects to increase this number to 500 right away. Apart from its headquarters and R&D offices in Silicon Valley and Los Angeles, Faraday Future also has locations in Beijing, China and Dusseldorf, Germany. The company is financed by Leshi Internet Information & Technology (LeTV), a Chinese entertainment company founded by billionaire Jia Yuetin.

In order to facilitate the deal with Nevada, Yuetin has sent Nevada legislators a letter. In it, he says that “We plan to revolutionize the automobile industry by creating an integrated, intelligent mobility system that protects the earth and improves the living environment of mankind, so that everyone can breathe clean air and enjoy a seamlessly connected lifestyle.”

Yuetin goes on to end the letter expressing their hope to “bring our $1 billion investment to North Las Vegas and open our first manufacturing facility there, creating 4,500 jobs for the State of Nevada.”

Nevada to Consider Economic Development Incentives For eBay Data Centers and Other Projects

At its next meeting tomorrow, the Board of the Nevada Governor’s Office of Economic Development will consider two separate applications for tax abatements from eBay, Inc., along with applications by several other companies.

eBay

eBay (photo – Coolcaesar./wikipedia)

The eBay applications are for data center projects in Clark County and Storey County, and are supported by the respective Las Vegas and Reno economic development agencies.

eBay is planning on establishing new data center operations in Storey County with a capital investment of $230 million for building improvements and equipment. The company has stated that it plans to hire 50 employees there by the first year of operation. These will be jobs with an average wage of $20.34 per hour.

eBay Inc. has applied for an estimated $16,522,167 in abatements of sales and use tax (two percent), Modified Business Tax (50 percent for four years), and personal property tax (50 percent for 10 years), associated with the proposed project. The requested tax incentives are critical to the selection of Nevada as the location of choice for their ongoing projects. eBay has large operations in other western states including California, Utah and Arizona, all of which could just as well house the data center operations.

Not to mention that eBay’s proposed projects in Nevada will set the stage for potential additional investment and job creation, which will significantly increase their presence in the State.

Reno economic development agency EDAWN supports eBay Inc.’s application for the tax abatements and SB 170 (data center bill) incentives.

Similarly, eBay has submitted another application for an estimated $13,611,716 in tax abatements for an expansion project in Las Vegas. The company will make a capital investment of $182 million for this Clark County data center project.

Once again, the requested tax incentives are critical to the selection of Nevada as the location of choice for their ongoing expansion projects, since eBay is working on several projects that will create several new, high-paying jobs over the next eighteen months. This application is supported by the Las Vegas Global Economic Alliance (LVGEA).

Apart from the eBay data center projects, the GOED Board will also consider abatement applications by several aviation companies including the Maverick Aviation Group, Steelman Aviation, Inc, and Tactical Air Support, Inc.

Also seeking tax abatements is Premium Waters, a wholly owned subsidiary of the Chesterman Company. The company intends to process purified water in single service water bottles to service a broad area west of the Rockies, and has narrowed their site location search for the $10.6 million project with 29 new jobs to the Clark County area, from their original site choices which included Arizona, as well as Nevada.

Another application is by Franzen-Hill, Inc, a Construction and Maintenance Company that has facilities in Tulare CA, and has recently purchased a company similar to theirs in Reno. The company is planning to invest $4.25 million for relocating their headquarters to Northern Nevada, and will hire 15 employees.

Faraday Future Gears Up For Site Selection of $1B Electric Vehicle Manufacturing Facility

Faraday Future, an electric vehicle manufacturing company which is currently in stealth mode, is getting ready to announce their site selection decision over the next few weeks for a $1 billion U.S. manufacturing facility.

North Las Vegas City Hall

North Las Vegas City Hall hoping to land Faraday Future (photo -David Starner/wikimedia)

The company, which is currently based in Pasadena, CA, said that it has been considering several locations including California, Georgia, Louisiana and Nevada.

Nick Sampson, senior vice president of Faraday Future, said in a release that “We are very excited to make our $1 billion investment in U.S. manufacturing – and this is just phase one.”

Sampson noted that selecting the right location for the future FF manufacturing facility is critical to their overall goals, and producing their forward-looking and fully-connected electric vehicles not only requires the latest technology, but the right community partner.

The company intends to develop a range of 100 percent electric vehicles that offer intelligent, seamless connectivity to the outside world. Apart from vehicle production, they also plan to explore other aspects of the automotive and technology industries such as unique ownership and usage models, in-vehicle content and autonomous driving.

The company’s site selection process closely mirrors the way Tesla conducted the search for its Gigafactory site, including the headquarters location in California and four main contenders for the factory. Tesla chose the Tahoe Reno Industrial Center, and one of the sites FF is considering is in Southern Nevada, at the Apex Industrial Park in the City of North Las Vegas.

Faraday Future will no doubt expect Nevada economic development incentives for their project similar to what Tesla was awarded, should they choose to locate their facility in North Las Vegas. An economic impact analysis report of the project prepared for the City of North Las Vegas shows that the $1 billion plant could create up to 4,000 new jobs in the region.

Pasadena, CA-based Faraday Future already has a global team of 400 automotive and technology experts, and expects to increase this number to 500 by the end of the year. The company has not made public any details about its ownership or funding, but it has connections to LeTV.

Leshi Internet Information & Technology (LeTV) is a Chinese entertainment company founded by billionaire Jia Yueting. The company last year launched an electric car division called Leshi Super Electric Car Co to build what was billed as a “smart super electric vehicle.”

Nevada Considers Incentives For Rackspace Data Center Project in Reno

The agenda for the next meeting of the Nevada Governor’s Board of Economic Development (GOED) includes an application for 20-year data center sales tax and personal property tax abatements by Rackspace US, Inc.

Rackspace

Rackspace (photo – Garrett Heath/flickr)

The 20-year tax abatements require the project to commit to the creation of at least 50 jobs and an investment of $100 million within a five-year period. The Rackspace data center project located in the Reno Technology Park will meet this job creation level, and far overshoot the investment requirement.

The jobs created will have an average annual wage of $29.75. Rackspace will invest approximately $100 million for real estate and construction alone, with about $211 million in personal property. Overall, the company expects to make a capital investment of $422 million into the Reno data center project over the 20-year period of the tax abatements it is applying for.

San Antonio, TX-based Rackspace (NYSE: RAX) is one of the world’s top managed cloud companies with more than 6,000 employees. The company currently serves more than 300,000 business customers from existing data centers in Texas, Virginia, Illinois, the United Kingdom, Hong Kong and Australia.

Having decided that there was a need for another large-scale data center facility to better serve its customers, Rackspace undertook a multi-year site selection process to identify a suitable site. Apart from Nevada, other sites in consideration were located in Oregon, Texas and Virginia.

According to its application, the company identified Reno as an attractive site because of “the competitive power costs, low network latency to the Bay Area, access to a skilled workforce, and an attractive state incentive program.”

The Reno Technology Park is ideally located along the I-80 ‘fiberway’ that links NYC and Silicon Valley. Data centers can furthermore access the western wholesale power market to negotiate some of the lowest power prices ($/kWHr) in the region. The recently approved Nevada data center incentives provide tax advantages that match or exceed any available in the U.S.

Rackspace’s application for tax abatements is supported by Reno economic development agency EDAWN. The application, if approved, will abate the sales tax on equipment to two percent for 20 years, which works out to incentives of about $23,062,300. The 75 percent personal property tax abatement for 20 years will likewise save Rackspace $10,508,264, adding up to a total of $33,570,564 in tax incentives.

After factoring in the indirect impacts, the project will still generate new state and local taxes totaling $47,418,214 over the 20-year period. Not to mention new payroll totaling $95,512,245 and economic output of $323,384,200.

Apart from the Rackspace data center project, the GOED Board will also consider applications for incentives for the following projects:

Reno Flying Service, Inc. – RFS is expanding in Northern Nevada with an investment of approximately $3,000,000 for a new Beach 1900 Airplane, and the creation of 22 new jobs. The company is seeking 20-year aviation sales tax and personal property tax abatements totaling $2,416,153.

Verascan, Inc. – Las Vegas-based Verascan is an aerospace services and solutions company, and expects to increase their employee count from seven to 22 within the next year. The company is seeking 20-year aviation sales tax and personal property tax abatements totaling $648,587.

Turano Baking Co – Turano already has 825 employees in four states, and is considering adding a western location. They have sites under consideration in Nevada, California and Arizona. In order to locate at a site in Clark County, the company is applying for $3,611,200 in sales tax, modified business tax, and personal property tax abatements from Nevada.

VadaTech, Inc – The company, which is already located in Clark County, is now in need of additional capital equipment that will allow them to continue to grow and hire more people. VadaTech is applying for $405,300 in tax abatements to help support their growth plans.

New Millennium Building Systems – New Millennium is a division of Steel Dynamics. The company already has 168 employees in Churchill County, and plans to create 27 new jobs with the addition of a fourth crew in the production facility. The company is seeking $386,500 in tax abatements.

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