The Governor’s Office of Economic Development (GOED) awarded tax abatements to three companies today that have pledged to make $157,778,420 in capital improvements in North Las Vegas.
“North Las Vegas continues to strengthen its position as a hub for advanced manufacturing, clean energy and innovative technology, and we are proud to welcome the continued growth and investment from companies like Edgewood Renewables, Forge Industries and Taylor Print,” said North Las Vegas Mayor Pamela Goynes-Brown. “Each of these organizations brings quality jobs, new capital investment and long-term economic opportunity to our community. Their decision to expand and build here reflects the strength of our workforce, our infrastructure and our commitment to supporting business success at every stage. We look forward to seeing their impact grow as they become an even greater part of the fabric of North Las Vegas.”
Edgewood Renewables LLC, A biofuel manufacturing company, is slated to make $138,718,000 in capital equipment investment and create 60 jobs at an average hourly wage of $40.70. In addition, the company is projected to generate nearly $17 million in tax revenue over the 10-year abatement period.
“We could not be more excited to be locating the Edgewood Renewables renewable fuel refinery, fuel hub, and terminal in North Las Vegas, Nevada,” said Edgewood Renewables CEO Steve Harrington. “The site not only provides us with strategic access points to our key markets, but also an incredible workforce that we hope to continue to build with. We chose Southern Nevada because we felt wanted and welcomed. The State of Nevada and its citizens share an optimism and enthusiasm for creating opportunities through business and we look forward to being a great partner in achieving that mission.”
Forge Industries has developed an innovative, sustainable manufacturing model that converts non-recyclable waste into alternative fuel for industrial use. Their plan to establish a 105,000-square-foot facility in North Las Vegas represents a significant commitment to the community. The company plans to make $13,962,530 in capital equipment investment and create 16 jobs at an average wage of $47.50. Forge Industries will generate nearly $5.4 million in tax revenue over the 10-year abatement period.
“Forge is beyond excited to have our first U.S. production facility headquartered in North Las Vegas,” said Chelsea Boyle, CEO of Forge Industries.
Taylor Print & Visual Impressions, Inc. plans to expand its existing North Las Vegas facility. The company operates as a wholly owned subsidiary of Taylor Corporation, one of the largest graphic communications companies in North America and a full-service provider for commercial printing, brand marketing and wide-format visual solutions. The company is expected to make $5,097,890 in capital equipment investment and create 25 jobs at an average hourly wage of $27.05. It is also expected to generate nearly $4 million in tax revenue over the 10-year abatement period.
“Nevada has been an important part of our operations for decades, and this expansion reflects our long-term commitment to investing in advanced manufacturing and quality jobs,” said Kevin Cassis, General Manager of Taylor Print & Visual Impressions.
