As many as four companies may bring more than 1,000 jobs to Southern Nevada by 2027 after being approved for state incentives today during the Nevada Governor’s Office of Economic Development (GOED) Board of Directors meeting.
Bella + Canvas, Crocs, F of N Inc., and Novva Holdings are each looking to expand their companies in Southern Nevada, adding 721 jobs within two years with the potential for 1,066 jobs over the next five years. The Las Vegas Global Economic Alliance (LVGEA) provides support and guidance to companies throughout the tax abatement approval process.
“Our goal at LVGEA is to not only bring high-quality jobs to the region, but to also attract companies that help diversify our economy and strengthen our community,” said Tina Quigley, LVGEA President & CEO. “The companies receiving incentives include a data center, a manufacturing facility, and a distribution warehouse, all of which fall under one of our target industries for economic diversification and consume minimal water resources.”
At its quarterly meeting today, the GOED Board approved tax incentives for a total of seven companies relocating or expanding throughout the state, including the four companies in Southern Nevada. These seven companies will make a capital investment of $490M+ in the first two years and generate $178M in net new tax revenues over the next 10 years.
“Nevada is continuing to attract quality companies that are creating great jobs for working families,” said Governor Steve Sisolak. “Since January of 2019, the 86 companies that have received abatements will create 13,227 jobs over five years. These companies are making $2.4 billion in capital investments and will generate $1.2 billion in new net tax revenues over the next decade.”
GOED works closely with the LVGEA and other regional development authorities across the state to ensure that companies receive the incentives needed to open their business in Nevada.
“One of these companies is paying an average wage of $45 per hour and another is making a capital investment of $119 million,” said Michael Brown, GOED Executive Director. “We continue to scrutinize the companies that receive these abatements to ensure they align with the industries that we are pursuing and that they are creating high skill jobs.”
Learn more about the companies expanding into Southern Nevada below:
Bella + Canvas, LLC — 10 jobs, $30.00 average wage, Transportation & Logistics Technologies
Bella + Canvas, headquartered in Los Angeles, is the largest manufacturer of wholesale apparel in the U.S. The company specializes in the design, manufacturing, and distribution of clothing basics, and plans to locate a 488,100 square foot warehouse facility in North Las Vegas. The company would create 10 jobs in the first two years of operations.
Crocs, Inc. — 325 jobs, $26.98 average wage, Transportation & Logistics Technologies
Crocs is a world leader in innovative casual footwear for men, women, and children. The company is exploring the establishment of a 600,000 +/- square foot distribution and warehouse facility in the North Las Vegas area. The company would create approximately 250 jobs in the first two years of operations, with the potential for 325 jobs within five years of operation.
F of N, Inc. — 720 jobs, $27.00 average wage, General & Advanced Manufacturing
F of N is a manufacturing company that plans to establish a 200,000 square foot manufacturing facility in Clark County. Once operational, the facility will produce products for Nevada, California, Arizona, and Utah. The company was approved for the creation of 450 jobs in the first two years of operation, with the potential for 720 jobs within five years.
Novva Holdings, LLC — 11 jobs, $30.60 average wage, Information & Communication Technologies
Novva Holdings provides wholesale and multi-tenant colocation data center infrastructure services to local, national, and international clients. The company will open a 250,000 square foot data center facility in North Las Vegas providing network installation and maintenance, data center security, monitoring systems and power and cooling infrastructure. The company designed the facility with the desert environment in mind and will be investing in closed-loop cooling equipment that effectively eliminates water replacement in the cooling process. The company was approved for the creation of 11 jobs within five years of operation.
About Las Vegas Global Economic Alliance
The Las Vegas Global Economic Alliance (LVGEA) is a public-private partnership dedicated to growing the economy in Southern Nevada through connectivity, community development, and strong business recruitment, retention and outreach. As Southern Nevada’s regional development authority, the LVGEA’s vision is to help residents thrive in a global economy by fostering a more prosperous, diverse and connected regional economy. To learn more, visit lvgea.org.
LVGEA has been designated as one of eight Regional Development Authorities (RDA) in Nevada by the Governor’s Office of Economic Development (GOED) for 2021-2022. Each RDA receives oversight and major financial support from GOED.