3D printing company growing in Nevada, adds to manufacturing base

Updated May 17, 2018 - 7:02 pm

Inside the Pictographics print shop, a set of realistic miniature figures are displayed on a table. They only stand a few inches tall, but the 3D-printed portraits are extraordinarily detailed, from the print on their clothes to the shading on their hands.

Craig Miller plans to make Pictographics the world’s premier 3D print company.

Known for digitally dying textiles, the Las Vegas company is planning to expand into the manufacturing industry. It currently has four machines and plans to own 15 to 30 within the next two years.

The Governor’s Office of Economic Development approved about $1.1 million in tax abatements for Pictographics on Thursday. The company plans to make a capital investment of $17.7 million.

Miller said the printers allow the company to produce different molds, jigs and fixtures for a variety of manufacturing industries.

“There isn’t a single manufacturing industry that will not need our services,” he said.

Pictographics plans to make finished parts such as brake levers for cars.

With about 5 to 10 percent of his clients based in Nevada, Miller said his company would be able to bring more money into the state.

“There’s a lot of out-of-state and out-of-country money funneling into Las Vegas that’s providing jobs for local workers,” he said.

‘Growth on steroids’

The success with 3D printing is forcing Pictographics to increase its staff. Miller said it is getting offers for more business opportunities than it can accept.

Pictograph intends to hire 27 employees over the next year at an average hourly wage of $27.35.

The abatements will also allow the company to buy more equipment.

“It’s like growth on steroids. It’s the help you need to make things go faster and easier,” Miller said. “It’s nice to know the state’s on your side.”

Jared Smith, chief operating officer of the Las Vegas Global Economic Alliance, said the expansion of high-tech companies like Pictographics proves Southern Nevada supports manufacturing.

“Our hope is to continue to grow Nevada’s manufacturing base along with attracting other companies inside that supply chain,” Smith said. “We believe in growing our economy by playing to our strengths, and we know we have a story to tell in manufacturing.”

The GOED approved about $13.7 million in tax abatements for existing, expanding and new Nevada companies in return for more than $151.6 million in new tax revenue. These companies include:

Axion Corporation

Approved tax abatements: $2,961,819

Axion, a provider of satellite-based entertainment service, plans to move its corporate headquarters to Reno and begin operations by November. The company intends to hire 205 employees by the end of its second year of operations at an average hourly wage of $40.60, and it will hire 511 employees by the end of its fifth year of operations.

Caremark LLC

Approved tax abatements: $727,335

Caremark, a subsidiary of CVS Health, is considering adding a prescription management service center in Las Vegas. It would hire 102 employees over the first 24 months of operations at an average hourly wage of $25.73.

Fortress Innovations LLC

Approved tax abatements: $548,913

Fortress Innovations, a manufacturing and real estate development company, is looking to establish operations in Mesquite. The company anticipates a 315,000-square-foot manufacturing facility, six to 10 demo homes and additional storage space. It plans to hire 30 employees within its first year of operations, paying them an average hourly wage of $25.18.

Fulcrum Sierra Biofuels LLC

Approved tax abatements: $1,909,038

Fulcrum Sierra is planning to expand its feedstock processing facility in Storey County, adding a 29,000-square-foot building to accommodate new equipment. The company plans to add 13 positions at an average hourly rate of $22.04.

KRS Global Biotechnology Inc.

Approved tax abatements: $2,750,636

A custom pharmaceutical company, KRS Global is considering building a licensed pharmaceutical manufacturing facility in Nevada. It plans to hire 50 employees over its first year of operations at an average hourly wage of $25.

Polaris Industries Inc.

Approved tax abatements: $1,051,521

Polaris, a power sports vehicle manufacturer, is considering opening a 500,000-square-foot distribution center in Fernley, which would be operational in the second quarter of 2019. The company intends to hire 64 employees at an average hourly wage of $21.95.

Ritchie Bros. Auctioneers Inc.

Approved tax abatements: $277,390

Ritchie Bros. is planning to expand operations in Southern Nevada by hiring 25 employees over the next year and establishing a 169,080-square-foot distribution warehouse facility. The employees would make an average hourly wage of $22.94.

Sephora USA Inc.

Approved tax abatements: $3,128,708

Sephora is considering opening a 715,000-square-foot regional distribution center in the Las Vegas Valley. The cosmetic company would hire 60 employees within its first year of operations. It aims to hire Nevada residents, including qualified veterans and disabled people, and would pay an average hourly wage of $24.05.

3PEA International Inc.

Approved tax abatements: $157,530

3PEA, a prepaid card program provider, is seeking to move to a 21,000-square-foot facility in Southern Nevada. The company plans to hire 35 employees over the next year at an average hourly wage of $40.20.

Alpha Guardian

Approved tax abatements: $67,991

Residential safe, security and storage company Alpha Guardian is planning to expand its Las Vegas operations with a new 100,000-square-foot space. It plans to hire 35 employees over the first year at an average hourly wage of $26.92.

Cannae Holdings Inc.

Approved tax abatements: $177,195

Investment company Cannae is considering buying a headquarters operations adjacent to its Las Vegas facility, which would be ready late 2018 or early 2019. It plans to hire 50 employees within the first year at an average hourly wage of $36.90.

Contact Bailey Schulz at bschulz@reviewjournal.com or 702-383-0233. Follow @bailey_schulz on Twitter.

ad-high_impact_4
Business
Nevada's venture capital money doesn't stay in state
Zach Miles, associate vice president for economic development for UNLV, said there’s venture money in Southern Nevada, “but trying to find the right groups to tap into for that money is different.” According to a 2017 report from the Kauffman Foundation, Las Vegas ranked number 34 out of 40 metropolitan areas for growth entrepreneurship, a metric of how much startups grow. With a lack of growing startups in Las Vegas, investment money is being sent outside of state borders. The southwest region of the U.S. received $386 million in funding in the second quarter, with about $25.2 million in Nevada. The San Francisco area alone received about $5.6 billion. (source: CB Insights)
Neon wraps can light up the night for advertising
Vinyl wrap company 5150 Wraps talks about neon wraps, a new technology that the company believes can boost advertising at night. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
Nevada on the forefront of drone safety
Dr. Chris Walach, senior director of Nevada Institute for Autonomous Systems, talks to a reporter at NIAS's new Nevada Drone Center for Excellence of Public Safety, located inside the Switch Innevation Center in Las Vegas. K.M. Cannon Las Vegas Review-Journal @KMCannonPhoto
Motel 8 on south Strip will become site of hotel-casino
Israeli hoteliers Asher Gabay and Benny Zerah bought Motel 8 on the south Strip for $7.4 million, records show. They plan to bulldoze the property and build a hotel-casino. Motel 8 was built in the 1960s and used to be one of several roadside inns on what's now the south Strip. But it looks out of place today, dwarfed by the towering Mandalay Bay right across the street.
Project billed as one of the world's largest marijuana dispensaries plans to open Nov. 1
Planet 13 co-CEO Larry Scheffler talks about what to expect from the new marijuana dispensary, Thursday, July 19, 2018. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
Oasis Biotech opens in Las Vegas
Brock Leach, chief operating officer of Oasis Biotech, discusses the new plant factory at its grand opening on July 18. (Bailey Schulz/Las Vegas Review-Journal)
UNLV Tech Park innovation building breaks ground
Construction on the first innovation building at the UNLV Tech Park is underway. (Bailey Schulz/Las Vegas Review-Journal)
Caesars Forum Meeting Center
Caesars broke ground Monday on its $375 million Caesars Forum Meeting Center (convention center) just east of the High Roller observation wheel. (Caesars Entertainment)
Technology reshapes the pawn shop industry
Devin Battersby attaches a black-colored device to the back of her iPhone and snaps several of the inside and outside of a Louis Vuitton wallet. The device, installed with artificial intelligence capabilities, analyzes the images using a patented microscopic technology. Within a few minutes, Battersby receives an answer on her app. The designer item is authentic.
Recreational marijuana has been legal in Nevada for one year
Exhale Nevada CEO Pete Findley talks about the one year anniversary of the legalization of recreational marijuana in Nevada. (K.M. Cannon/Las Vegas Review-Journal)
Young adults aren't saving for retirement
Financial advisors talk about saving trends among young adults. (Bailey Schulz/Las Vegas Review-Journal)
President Trump’s tariffs could raise costs for real estate developers, analysts say
President Donald Trump made his fortune in real estate, but by slapping tariffs on imports from close allies, developers in Las Vegas and other cities could get hit hard.
Las Vegas business and tariffs
Barry Yost, co-owner of Precision Tube Laser, LLC, places a metal pipe into the TruLaser Tube 5000 laser cutting machine on Wednesday, June 20, 2018, in Las Vegas. Bizuayehu Tesfaye/Las Vegas Review-Journal @bizutesfaye
Nevada Film Office Connects Businesses To Producers
The director of the Nevada Film Office discusses its revamped locations database and how it will affect local businesses. (Bailey Schulz/Las Vegas Review-Journal)
Opendoor isn't the typical house flipping company
Unlike most house flippers, the company aims to make money from transaction costs rather than from selling homes for more than their purchase price.
The Venetian gondoliers sing Italian songs
Gondolier Marciano sings a the classic Italian song "Volare" as he leads guests through the canals of The Venetian in Las Vegas. (K.M. Cannon/Las Vegas Review-Journal)
Building In Logandale
Texas homebuilder D.R. Horton bought 43 lots in rural Logandale. (Eli Segall/Las Vegas Review-Journal)
Indoor farming in Southern Nevada
Experts discuss Nevada's indoor farming industry. (Bailey Schulz/Las Vegas Review-Journal)
Former Fontainebleau could have become a Waldorf Astoria
Months after developer Steve Witkoff bought the Fontainebleau last summer, he unveiled plans to turn the mothballed hotel into a Marriott-managed resort called The Drew. But if Richard “Boz” Bosworth’s plans didn’t fall through, the north Las Vegas Strip tower could have become a Waldorf Astoria with several floors of timeshare units. (Eli Segall/Las Vegas Review-Journal)
LVCVA CEO Rossi Ralenkotter announces plans to retire
Rossi Ralenkotter, CEO of the LVCVA, on Tuesday confirmed a Las Vegas Review-Journal report that he is preparing to retire. Richard N. Velotta/ Las Vegas Review-Journal
Cousins Maine Lobster to open inside 2 Las Vegas Smith’s stores
Cousins Maine Lobster food truck company will open inside Las Vegas’ two newest Smith’s at Skye Canyon Park Drive and U.S. Highway 95, and at Warm Springs Road and Durango Drive. Cousins currently sells outside some Las Vegas Smith’s stores and at Fremont Street and Las Vegas Boulevard. (K.M. Cannon/Las Vegas Review-Journal)
Las Vegas home prices to continue to rise, expert says
Lawrence Yun, chief economist at the National Association of Realtors, gives homebuyers a pulse on the Las Vegas housing market. (Eli Segall/Las Vegas Review-Journal)
NV Energy announces clean energy investment
The company is planning to add six solar projects in Nevada, along with the state's first major battery energy storage capacity. Bailey Schulz/Las Vegas Review-Journal
3 Mario Batali restaurants on Las Vegas Strip to close
Days after new sexual misconduct allegations were made against celebrity chef Mario Batali, his company announced Friday that it will close its three Las Vegas restaurants July 27. Employees of Carnevino Italian Steakhouse, B&B Ristorante and Otto Enoteca e Pizzeria, all located in The Venetian and Palazzo resorts, were informed of the decision Friday morning. Bastianich is scheduled to visit the restaurants Friday to speak to employees about the next two months of operation as well as how the company plans to help them transition to new positions.
Nevada has its first cybersecurity apprenticeship program
The Learning Center education company in Las Vegas has launched the first apprenticeship program for cybersecurity in Nevada. It was approved by the State Apprenticeship Council on May 15. (K.M. Cannon/Las Vegas Review-Journal)
Las Vegas union members voting to authorize the right to strike
Thousands of Las Vegas union members voting Tuesday morning to authorize the right to strike. A “yes” vote would give the union negotiating committee the power to call a strike anytime after June 1 at the resorts that fail to reach an agreement. (Todd Prince/Las Vegas Review-Journal)
TOP NEWS
News Headlines
Add Event
Home Front Page Footer Listing
Circular
You May Like

You May Like