A technology hardware recycling company that last year announced its intent to move to Southern Nevada, providing 50 new jobs when it opens in the fall, will get a $182,000 incentive package from the state.
The Nevada Commission on Economic Development on Tuesday unanimously approved tax abatements, deferrals and employee training grants for Smyrna, Ga.-based U.S. Micro Corp.
The company’s $15 million, 130,000-square-foot facility near the Las Vegas Beltway and Buffalo Drive is expected to open in September or October.
Jim Kegley, founder and CEO, said he decided to relocate his company to Las Vegas because of transportation access, the ease of logistics and the low-tax climate.
“The more we looked around, the more we realized Las Vegas was the ideal place for us,” Kegley said. “We wanted to be near California without being in California.”
U.S. Micro is in the “demanufacturing” business.
The company recycles computers and other tech equipment. It destroys discs and data storage and resells 90 percent of the equipment it recovers. The unsellable e-waste is remanufactured into new products, including bike racks, parking lot curbing and plastic products.
Kegley said 95 percent of the labor force would be hired locally with top managers transferring from Smyrna, a suburb of Atlanta. The company will offer an average wage of $26.16 an hour.
Employees at the new Las Vegas facility will have access to a personal trainer, a fully equipped corporate gym, recreation room, full kitchen, in-house chef, free meals and first-time homebuyers assistance at the five-year employment mark.
The package approved by the commission abates sales tax one year to 2 percent, or $84,790, and the modified business tax by 50 percent for four years, or $14,338. The company also will get a 60-month deferral of sales tax, saving the company $27,800.
The package also includes $55,000 in training grants for 11 employees.
The company qualified for the incentives with its average wage, which is 32 percent above the Nevada average, and its $1.4 million in equipment investment, 39 percent above the state’s capital investment standard.
The state will benefit from an estimated $2.3 million in net new taxes and an estimated economic impact of $112.6 million over 10 years.
In other business, the commission approved employee training grants for Boulder City-based Wind Sale Receptor Inc., which is expanding to Pahrump, where it will hire 89 employees. The company will receive $162,000 in grant money to train 81 employees.
The company qualified for the state program with the number of jobs created and an average wage of $24.29 an hour, 52 percent more than the statutory requirement.
Wind Sail has developed a polyurethane rotor-blade the company says is three times more efficient than existing wind turbine systems.
The U.S. Micro relocation and Wind Sail Receptor expansion were assisted by the Nevada Development Authority.