Nevada Appeal Capitol Bureau
Sunday, December 12, 2021
The Governor’s Office of Economic Development has approved tax breaks totaling $12 million for nine companies that will invest $145 million in Nevada, creating 469 new jobs in the next two years.
A spokesman for GOED said that is expected to increase to 735 jobs in five years and generate $59 million in new tax revenue in the coming decade.
Gov. Steve Sisolak, who chairs the GOED board, said six of the nine companies are new. The remaining three are existing Nevada businesses that are planning expansions. Six, he said, will be in Clark County.
The remaining three businesses will be located in Storey and Douglas counties. They are:
• LinCo Corp., a new lithium battery recycling company planning to locate in Storey County. It will receive $518,836 in abatements and create 65 jobs paying an average wage of nearly $37 an hour.
• Stericycle, a new company specializing in the disposal of medical waste, will also locate in Storey County, receiving $974,795 in tax abatements and creating 38 jobs paying an average wage of more than $22 an hour.
• Local Bounti Corp., an indoor farming technology company that will locate in Douglas County. That business will receive $1 million in tax abatements and pay an average wage of nearly $27 an hour.
