The Nevada Governor’s Office of Economic Development (GOED) has approved $11,209,554 in tax abatements. In return, these companies are projected to create 696 jobs in the next five years at an average hourly wage of $43.08. Additionally, these companies will make a capital equipment investment of $144,093,588 and generate $82,124,411 in new tax revenues over the 10-year abatement period.
“The seven companies that have been approved today for abatements will generate hundreds of high-paying jobs and millions in investment into Nevada,” said Governor Joe Lombardo. “These investments reflect our ongoing commitment to creating good-paying jobs for Nevadans and building a strong, diverse economy in our state.”
Companies receiving abatements are in Washoe County and Clark County. The companies approved for abatements today include:
Bitdeer Industrial, Inc, represented by Economic Development Authority of Western Nevada (EDAWN), plans to establish a manufacturing facility in Sparks. The company's Nevada facility will manufacture computer components and include an assembly for computer miner machines. Bitdeer is part of the Bitdeer Technologies Group, which operates in the Bitcoin mining industry and is positing itself as a next-generation ASIC chipmaker and AI cloud player. The company was approved for $488,439 in abatements and is expected to create 51 jobs at an average hourly wage of $32.49 within five years. The company is expected to make $5,572,000 in capital equipment investment in the first two years of operation and generate $6,283,600 in new taxes over the next 10 years.
Carson Manufacturing, LLC, represented by Las Vegas Global Economic Alliance (LVGEA), plans to establish a manufacturing facility in Southern Nevada. Carson Manufacturing is a veteran-owned-and-operated precision metal parts company located in Las Vegas. The company was approved for $627,469 in abatements and is expected to create 75 jobs in five years at an average hourly wage of $32. The company is expected to make $5,691,000 in capital equipment investment in the first two years of operation and generate $6,514,636 in new taxes over the next 10 years.
Cintas Corporation, represented by LVGEA, plans to establish a specialty cleanroom facility in Henderson. Cintas Corporation is a publicly traded company that provides a variety of products and services to businesses. The company was approved for $690,021 in abatements and is expected to create 44 jobs at an hourly wage of $33.63 in the next five years. The company is expected to make $8,410,037 in capital equipment investment in the first two years of operation and generate $5,036,135 in new taxes over the next 10 years.
Crocs, Inc., represented by LVGEA, plans to establish an e-commerce order fulfillment center in North Las Vegas, which will serve as the company’s shipping hub for all Crocs products across the U.S. The company was approved for $4,697,735 in abatements and is expected to create 70 jobs at an hourly wage of $34.03 in the next five years. The company is expected to make $80 million in capital equipment investment in the first two years of operation and generate $20,026,480 in new taxes over the next 10 years.
Emisha Innovations, represented by LVGEA, plans to construct a large, advanced manufacturing and R&D facility in Las Vegas. Emisha Innovations is a company that develops and implements a variety of technologies to meet business needs. The company was approved for $4,133,611 in abatements and is expected to create 411 jobs at an hourly wage of $50.14 in the next five years. The company is expected to make $37,412,644 in capital equipment investment in the first two years of operation and generate $37,425,802 in new taxes over the next 10 years.
Mary’s Gone Crackers, Inc., represented by EDAWN, plans to expand its current operations in Reno. Mary’s Gone Crackers specializes in organic, gluten-free and non-GMO crackers. The company was approved for $467,195 in abatements and is expected to create 26 jobs at an hourly wage of $36.15 within five years. The company plans to make $5,904,407 in capital equipment investment in the first two years of operation and generate $4,261,943 in new taxes over the next 10 years.
Sport Squad, Inc., represented by LVGEA, plans to establish a warehouse and distribution center in Henderson. Sport Squad specializes in the design, manufacturing, and distribution of interactive gaming equipment. The company was approved for $105,084 in abatements and is expected to create 19 jobs at an hourly wage of $33.08 within five years. The company plans to make $1,103,500 in capital equipment investment in the first two years of operation and generate $2,575,815 in new taxes over the next 10 years.