From bullets to milk, Nevada lures new businesses


On the surface, an asset management company, an ammunition maker and a manufacturer of high-efficiency lights have little in common.

But they all share this: They're coming to Southern Nevada and bringing hundreds of new jobs with them.

The Nevada Commission on Economic Development said Wednesday that it approved incentives such as tax abatement, tax deferral and training grants for eight businesses looking to move to or expand in the Silver State. Six of those companies are headed to the Las Vegas Valley.

The biggest get is Ameriprise Financial, a global asset-management company that will locate its Western regional sales and service center in a new, 100,000-square-foot building at Pilot and Sunset roads in Las Vegas. The center will employ more than 300 people in three divisions. Hourly wages will range from $16.35 to $39.44.

Ameriprise executives didn't comment before press time. But Somer Hollingsworth, president and CEO of the Nevada Development Authority, said Ameriprise had a local operation of about nine people before the big move.

"I'm assuming they chose Las Vegas because they had some good experiences here with the people they have locally," Hollingsworth said. "They really got a feel for the area."

Ameriprise could give the authority a toehold in Minneapolis, its headquarters, Hollingsworth added.

"Minneapolis is a huge center for corporate headquarters. There are trillion-dollar companies doing business there," he said. "With this kind of door opening, it could give us the opportunity to talk to other companies about opening a Western division in Las Vegas."

Also looking to open here is Patriot Precision Ammunition, a Rockford, Ill.-based business that makes ammunition for law enforcement, the military and competitive shooters. Precision will launch an operations facility in Las Vegas that will employ nearly 40. A related company, management consultant DayDra Holdings Group, will create 55 jobs in a local operations center downtown.

BritePointe, a Hayward, Calif.-based business that makes patented light-emitting diode, or LED, lamps, is bringing a distribution center to Clark County, with plans to hire nearly 80 workers.

LED Solar Green Energy Technology will hire about 30 employees in Las Vegas to help with the company's line of solar water heaters, solar collectors, solar panels and photovoltaic-lighting products.

And SA Recycling, a scrap-metal company already in Las Vegas, will expand by about 30 employees to boost its metal-recycling and processing operation in Clark County.

Tax incentives for all the companies will cost about $10 million, and training grants will cost about $550,000, Hollingsworth said.

But he also noted that the businesses will have a significant economic impact on Southern Nevada. Ameriprise alone will have an economic impact of nearly $450 million, he said.

Northern Nevada is sharing in the bounty as well. Fallon is drawing a 44-worker dairy-processing plant belonging to Missouri-based Dairy Farmers of America, and Reno is attracting CustomInk, a Virginia-based manufacturer of custom T-shirts and embroidered caps. CustomInk's Western regional distribution center will employ 75 people.

Contact reporter Jennifer Robison at jrobison@reviewjournal.com or 702-380-4512.

 

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