The Nevada Governor’s Office of Economic Development (GOED) has approved $17.6 million in tax abatements for nine companies, a move expected to create 2,159 new jobs across the state over the next five years.
According to Nevada Business Magazine, the companies receiving abatements span Clark, Washoe, Storey, and Lyon Counties, reflecting a broad-based economic development push. The average hourly wage for the new positions is projected at $34.85, above the state median.
The companies include ALPLA, Inc., a plastic packaging manufacturer; Buckeye Corrugated, Inc.; Hyve Solutions Corporation, a data center infrastructure provider; Nimble Precision, Inc.; Colovore, a data center operator; Rapid Response Monitoring Services, Inc.; Greif Packaging; and Type III, Inc. The presence of data center and advanced manufacturing companies signals continued diversification of Nevada’s economy beyond gaming and hospitality.
In return for the abatements, the companies are projected to generate $174.2 million in new tax revenues over each abatement period and $153 million in total capital equipment investment. This represents a significant return on the state’s incentive investment, though critics of abatement programs argue such deals shift costs to existing taxpayers.
For the Las Vegas area, the inclusion of data center operators like Colovore and Hyve Solutions aligns with Southern Nevada’s emergence as a data center hub, driven by available power, favorable tax climate, and proximity to California markets. The region has seen a wave of data center announcements as cloud providers and AI companies expand infrastructure.
The GOED approval reflects Nevada’s continued strategy of using targeted incentives to attract high-wage employers, even as the state grapples with broader economic challenges including housing affordability and workforce development.
