Nevada Approves Economic Development Applications Worth $119 Million
“I am very excited by the sustained economic momentum of Nevada’s economy,” Governor Brian Sandoval said. “In May of 2018, claims for unemployment insurance were the lowest in nearly 20 years. I am grateful for the all employers who continue to bet on the future of our state and I am particularly pleased to see the investments being made in rural counties this GOED board meeting.”
“From urban to rural areas, from increased workforce participation to higher wages, Nevada’s economic growth has a real human impact, which is being felt in communities across the state,” said GOED Executive Director Paul Anderson.
Companies approved today by GOED Board:
Bently Heritage, a distilled spirits manufacturing business in Douglas County, plans $4,270,434 in capital investment. The company created a sustainable estate distillery in two historic properties located near downtown Minden, Nevada. A significant part of the project's development budget has been allocated toward restoring and repurposing buildings that have been vacant for many years.
Bigelow Aerospace, an American space technology company that manufactures and develops expandable space station modules, plans a $51,261,000 capital investment in Clark County.
Bigelow Aerospace’s newest product, the B330, is a fully autonomous stand-alone space station, which is complemented with a complete suite of life support systems, launches at 1/3 of the expanded size, provides 330 cubic meters of internal volume, and houses up to six crew members. The company has successfully launched two subscale spacecraft called Genesis I & II into orbit as well as the Bigelow Expandable Activity Module, which is attached to the Tranquility module of the International Space Station.
Cyanco Company, a company that manufactures and markets chemicals products, plans a $42,500,000 million in capital investment in Humboldt County.
The company produces solid to liquid systems, cyanide control systems, peroxide assisted leaches, analyzers, and sodium cyanide for the gold mining industry. The company started producing liquid sodium cyanide in 1990 at a single plant in Winnemucca, Nevada. The original plant was designed to produce 28 million pounds of product annually. A second plant came online in 1997 and investments have been made in both plants over the years to debottleneck, implement improvements and enhancements and increase production.Today, the two plants have production capacity of over 240 million pounds annually.
G4 Works, a subsidiary of Allegiant, will invest $99,526,000 in equipment and aviation parts in Clark County.
In June 2001, Allegiant moved its headquarters to Las Vegas, Nevada. Today the company employs over 1,400 full-time employees within Nevada and supports more than 3,800 jobs across the state. G4 Works will strengthen the operational efficiency of Allegiant’s aircraft maintenance in the region. The company will oversee the facilities responsible for housing the aviation parts and tools necessary to keep Allegiant’s aircraft flying.
Figure Technologies, Inc., a financial technology company with the mission of leveraging blockchain, AI, and advanced analytics, plans to invest $514,615 in Washoe County.
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