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Nevada Commission on Economic Development grants tax abatements to companies relocating and expanding in Nevada

By ThisIsReno

SUBMITTED NEWS RELEASE

CARSON CITY–Nevada Lt. Gov. Brian Krolicki, who chairs the Nevada Commission on Economic Development, announced today that the commission has granted tax abatements to four companies for relocation and expansion efforts in Nevada that will result in more than $5 million in capital investment and 61 new jobs.

“These tax incentives are a major investment in our state’s economic recovery,” said Krolicki. “With Nevada’s available economic development programs, we’re keeping the state competitive during a difficult economic time, and we’re seeing the payoff with the attraction of private capital investment and new jobs.”

In January, NCED grated tax abatements to the following four businesses:

· Benco Dental Co. – The largest privately owned, full-service dental distributor in the United States. The company’s services include dental-specific technology solutions, equipment repair and office design. Benco’s new Storey County distribution facility will add $2.4 million of new capital equipment to the tax base in Storey County and it will create 15 new jobs.

· Continuum Packing Solutions, LLC – A contract manufacturer serving the food and beverage industry. The company recently expanded its operation to a 35,000-square-foot facility in Minden. This expansion will add 10 new jobs and $1.15 million of new capital equipment to the tax base in Douglas County.

· Ganix Bio Technologies, Inc. – A biotechnology company established to commercially market proprietary, exclusively licensed, aquaculture products with its initial focus on shrimp production. The company is building a state of the art facility as its headquarters in Clark County where it will export half of its production to international markets, thus importing foreign dollars in to Nevada. Ganix will hire 25 new employees and make a capital investment of $1.3 million.

· Pop Culture Graphics, Inc. – In Nevada since 2009, Pop Culture Graphics, Inc. is a leading company in production, fulfillment and marketing for e-commerce companies. Pop does 96 percent of its business outside of Nevada, thus importing new dollars in to the state. Its expansion in Clark County will add 11 new jobs and a capital investment of $184,170.

About the Nevada Commission on Economic Development
The Nevada Commission on Economic Development promotes a robust, diversified and prosperous economy based on innovation, human ingenuity and sustainability. This is achieved through programs including national and international Business Development, Community Development Block Grants, Procurement Outreach and the Nevada Film Office. NCED has offices at 808 W. Nye Lane in Carson City and at 555 E. Washington Ave., Suite 5400 in Las Vegas. More information can be accessed at www.diversifynevada.com or by calling 800-336-1600.

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