GOED board approves tax‑abatement packages for a string of new Nevada manufacturing and tech projects

The Governor's Office of Economic Development board on May 14 approved tax‑abatement packages for multiple companies that the office and regional development authorities say will expand manufacturing and tech capacity across Nevada.

The board granted abatements for Edgewood Renewables, a renewable‑fuels project in North Las Vegas that presenters said would create about 60 full‑time jobs with an average wage of $40.71 per hour and represent roughly $138.7 million in capital investment. Clarissa Castillo of the Las Vegas Global Economic Alliance introduced the project and company representatives described plans to convert renewable natural gas and ethanol into 22 million gallons of high‑octane renewable gasoline and to leverage existing fuel‑terminal infrastructure in North Las Vegas. Board members asked about prior appearances before the board and whether the company had previously received abatement benefits; Edgewood said it has not received tax abatements to date and that the new request would ‘reset the clock’ going forward.

The presentation drew questions about market demand. Edgewood executives said reduced refining capacity in California and other regional market shifts influenced their decision to produce gasoline rather than jet fuel, and they projected a target online date around the third quarter of 2028.

The board next approved an abatement for Forge Industries, a North Las Vegas operation that proposes converting hard‑to‑recycle waste into alternative fuels. CEO Chelsea Bole told the board the facility will take about 12 months to build, produce product by Q3 2027, and create an estimated 16 jobs at an average wage presented as $47.50 per hour. Board members pressed the company on feedstock agreements; company representatives said they have local supply relationships and are pursuing additional regional arrangements, naming Republic as a primary partner.

Red Technologies (relocating its global headquarters to Henderson) won approval for an abatement that company executives said will support a 75‑job expansion focused on AI‑ready infrastructure and data‑center services. The company emphasized university recruiting and local community engagement.

The board also approved an expansion for Valo North America in Story County; presenters said the planned 272,000‑square‑foot site will quadruple current capacity, add more than 170 jobs and involve about $14.8 million in planned investment while expanding into data‑center and battery‑component markets. Several other director‑approved abatements were acknowledged as part of a batch approved by GOED’s executive director under Senate Bill 181, including AVK Elasto technology, Nuance Medical, Taurus Fabrication, Taylor Print and Visual Impressions, and TechCore PVA. Those presentations summarized job counts, wage averages and capital investments specific to each project.

Tom Burns, GOED’s executive director, noted the director’s authority under SB 181 to approve partial abatements and presented the director‑approved list to the board for acknowledgement. Several board members praised GOED staff and regional development authority partners for supporting applicants through the application process.

The board approved each abatement by voice vote. The meeting included one public comment earlier in the agenda from Perry Ursil of the City of North Las Vegas urging approval of the North Las Vegas applicants.

The board adjourned after hearing director and metrics reports, with GOED staff highlighting additional outreach, Apex contractor work, and film office activity.