The Nevada Governor’s Office of Economic Development (GOED) approved five companies in Southern Nevada to receive state tax incentives. In exchange, these companies plan to create 271 jobs in the Las Vegas region over the next two years.
Bauderer Packaging — 89 jobs, $29.33 average wage
Bauderer Packaging, a food packaging company is looking to establish a new 200,000 square foot production facility in North Las Vegas. The new facility will be a co-packing operation initially consisting of three canister filling lines of snack products for a major Contract Packaging Associations manufacturer. It was approved for $1,407,419 in tax abatements. It is projected to create 89 jobs in the first two years of operation at an average weighted hourly wage of $29.33. It is expected to grow to 104 jobs in five years. This company will make $13,025,000 in capital equipment investment in the first two years of operation and generate $10,019,837 in new tax revenues over the 10-year abatement period.
Chameleon Beverage Company — 20 jobs, $29.58 average wage
Chameleon Beverage Company is a private label plastic water bottle manufacturing company, supplying hotels, restaurants, fitness clubs, and real estate agents. The company plans to establish a 20,000 square foot plastic bottle manufacturing facility in Clark County, with the finished product being shipped to the company’s other locations to be filled. It was approved for $582,846 in tax abatements. It is projected to create 20 jobs in the first two years of operation at an average weighted hourly wage of $29.58. It is expected to grow to 23 jobs in five years. This company will make $5,611,430 in capital equipment investment in the first two years of operation and generate $2,391,576 in new tax revenues over the 10-year abatement period.
Elite Sales Solutions, dba American Tax Service — 80 jobs, $36.22 average wage
Elite Sales is a full-service boutique tax law firm specializing in tax relief resolution, audit representation, and tax preparation. The company was founded in California in 2018 and expanded into Nevada in 2021. Elite Sales plans to expand its headquarter and back-office operations in Clark County, increasing its office space from 2,700 square feet to 12,000 square feet. It was approved for $128,302 in tax abatements. It is projected to create 80 jobs in the first two years of operation at an average weighted hourly wage of $36.22. It is expected to grow to 200 jobs in five years. This company will make $374,000 in capital equipment investment in the first two years of operation and generate $19,086,129 in new tax revenues over the 10-year abatement period.
Thrill One Events — 52 jobs, $55.37 average wage
Thrill One Events is a sports, entertainment, and lifestyle content company formed in 2020. The company is considering relocating its headquarters to Clark County from southern California. It was approved for $214,473 in tax abatements. It is projected to create 52 jobs in the first two years of operation at an average weighted hourly wage of $55.37. It is expected to grow to 67 jobs in five years. This company will make $1,041,100 in capital equipment investment in the first two years of operation and generate $7,512,309 in new tax revenues over the 10-year abatement period.
Warby Parker — 30 jobs, $25.37 average wage
Warby Parker, an eyewear brand, plans to expand its optical lab and manufacturing facility in Clark County. It opened a 69,580 sq. ft. optical lab in Clark County in 2021. Warby Parker has a school-based program that works with nonprofit organizations and government agencies to give free vision screenings, eye exams, and glasses to school children in underserved communities across the country. It was approved for $98,073 in tax abatements. It is projected to create 30 jobs in the first two years of operation at an average weighted hourly wage of $25.37. This company will make $1,326,344 in capital equipment investment in the first two years of operation and generate $2,370,563 in new tax revenues over the 10-year abatement period.
During its quarterly meeting, the BOED board approved $7,249,200 tax incentives for a total of eight companies considering relocation or expansion throughout the state. In return, these companies are projected to create 533 jobs in the next two years at an average weighted hourly wage of $32.86. That figure is expected to grow to 724 jobs in five years. Additionally, these eight companies will make capital investments of more than $72.3 million and generate $65.1 million in net new state tax revenues over the next 10 years.
“The near-term benefit of Nevada’s incentive program is that it is creating good jobs that wouldn’t otherwise come here,” said Governor Joe Lombardo. “One of these companies alone will create 270 jobs in Nye County and two others in Clark County will create more than 300 positions combined over the next five years outside of the hospitality and leisure sector. Since January, we have assisted 25 companies that will create 5,208 jobs in their first five years of operation. They have invested more than $4 billion in capital investment and will generate more than $1 billion in new tax revenues.”
