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9 companies to invest $264.3M, create 534 jobs in Nevada

Las Vegas Review-Journal·Todd Dewey·18 days ago
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The Nevada Governor’s Office of Economic Development has approved $19.8 million in tax abatements for nine companies that will make a capital equipment investment of $186.9 million and generate $60.6 million in new tax revenues over the 10-year abatement period. The companies, including five in Southern Nevada, are projected to create 534 jobs in the next five years at an average hourly wage of $42.46. “More Nevadans will soon access high-paying jobs thanks to these new investments,” Nevada Gov. Joe Lombardo said in a statement. “My administration is dedicated to driving economic growth by breaking down barriers and providing companies with a clear path to expand here. With this approach, we will continue working toward lasting, sustainable economic strength.” Three of the companies are located in North Las Vegas, led by Edgewood Renewables LLC, represented by Las Vegas Global Economic Alliance (LVGEA), which plans to establish a biofuel manufacturing facility in the city.…

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