LVGEA Cos. Approved for Incentives, 1,588 Jobs to SNV
With the assistance of the Las Vegas Global Economic Alliance (LVGEA), five companies will expand or relocate to Southern Nevada, projecting the creation of 1,588 new jobs over the next five years. The Anthem Companies, Inc.; Aristocrat Technologies, Inc.; Medolac Laboratories; Sunpreme, Inc. and Vegas Sheets, LLC were approved for incentives by the Board of the Governor’s Office of Economic Development (GOED) on July 17.
Since Jan., the LVGEA has assisted with the expansion and relocation of 17 companies, which are expected to create more than 3,000 jobs throughout Southern Nevada in a five-year period.
All packets for the five companies can be found on the GOED website here.
The Anthem Companies, Inc.
With a projected job creation of 400 over the next two years, The Anthem Companies, Inc.—a publicly traded health benefits company—plans to establish a large scale customer service facility in Las Vegas in an effort to better serve clients in the western United States. The project, targeted to commence by this Oct., would include the lease of a 75,000 sq. ft. facility to house the company’s back office and customer support operations.
As it initially considered creating a new facility in various cities in the Western United States, Anthem Companies ultimately decided to expand in Las Vegas due to its business tax structure, cost of living and coverage advantages offered by the region. LVGEA provided assistance in the tax incentive application, and the company was approved for the Sales and Use Tax Abatement, Modified Business Tax Abatement and Personal Property Tax Abatement totaling approximately $831,000.
Anthem Companies is one of the largest in the nation as it employs approximately 53,000 individuals. Learn more at antheminc.com.
Aristocrat Technologies, Inc.
Expecting growth in its global operations, gaming solutions company Aristocrat Technologies, Inc. is expanding its Nevada operations with a new 180,000 sq. ft. facility for use beginning this summer. This expansion is an effort to increase employment opportunities (34 new jobs projected in the next five years), to allow further investment in the community and to bring additional development activities to the region.
The economic development incentives offered by the state was an integral factor in Aristocrat Technologies’ decision to expand within Southern Nevada, which will help to lower operating costs. The LVGEA provided assistance in the tax incentive application, and the company was approved for the Sales and Use Tax Abatement, Modified Business Tax Abatement and Personal Property Tax Abatement totaling approximately $209,000.
Aristocrat Technologies is a leading global provider of land-based and online gaming solutions. It designs, manufactures and markets gaming machines, progressive systems and casino management systems. Learn more at aristocrat.com.
Specializing in innovative, human donor milk products for clinical use in the NICU (Neonatal intensive care unit), Medolac Laboratories plans to open a new corporate headquarters and central processing facility in Clark County as it expands its product line to serve infants and children with immune and metabolic disorders. The company is projected to create 85 jobs over the next five years, and plans to create partnership opportunities with Nevada State College and other Nevada higher learning institutions in order to provide learning opportunities for manufacturing, healthcare and life science-focused college students and graduates for various skilled positions.
The tax abatements offered in Nevada was a critical factor for Medolac Laboratories to locate in the state. The LVGEA provided assistance in the tax incentive application, and the company was approved for the Sales and Use Tax Abatement, Modified Business Tax Abatement and Personal Property Tax Abatement totaling approximately $455,000. The LVGEA also connected the company with the City of Henderson and introduced it with local resources within the local healthcare community.
Founded to address the shortage of human donor milk negatively impacting the growing number of preterm infants in the U.S. and abroad, Medolac Laboratories applies proprietary biopharmaceutical processing methods that preserve many of the immune components of human milk . The company has the only commercially sterile human milk products that can be shipped and stored at room temperature. Learn more at medolac.com.
Silicon Valley-based solar energy solutions company Sunpreme, Inc. plans to open a 100,000 sq. ft. manufacturing facility in Clark County, projecting the creation of 1,000 jobs over the next five years. The company has developed one of the most advanced solar cell technologies in the world. It designs, develops and manufactures hybrid cell technology products used primarily for commercial and industrial applications, such as large rooftops and ground mounted power plants.
As demand for its products began to exceed its ability to supply, Sunpreme chose to open a new factory in Nevada because of the tax incentives offered as well as its vicinity to California. The LVGEA provided assistance in the tax incentive application, and the company was approved for the Sales and Use Tax Abatement, Modified Business Tax Abatement and Personal Property Tax Abatement totaling approximately $3.1 million. The LVGEA also connected Sunpreme with local resources and site determination.
Over the following 3-4 years, Sunpreme hopes to triple its manufacturing capacity in the state. Learn more at sunpreme.com.
Vegas Sheets, LLC
As recent strategic planning has created a company focus on creating a presence in the state of Nevada, Vegas Sheets, LLC plans to lease a 100,000 sq. ft. manufacturing facility in Henderson. Projected to create 69 jobs over the next five years, its parent company Corrugated Synergies International, LLC has been the innovative leader in sheet feeding for the past 30 years.
Vegas Sheets stated that the economic incentives offered by Nevada was a large part of its consideration to open a new facility in the state, as this will allow it have significantly lower operating costs than surrounding states, while being centrally located to its market. The LVGEA provided assistance in the tax incentive application, and the company was approved for the Sales and Use Tax Abatement, Modified Business Tax Abatement and Personal Property Tax Abatement totaling approximately $1.86 million. The LVGEA also connected Vegas Sheets with the City of Henderson.
This was Vegas Sheets’ second appearance before the GOED Board. It had applied and was approved for incentives in 2014 before being put on hold.