6 companies, 400 new jobs follow Nevada tax abatements

A startup intends to open four primary care clinics in the Las Vegas area in 2018.

The board of the Governor’s Office of Economic Development on Thursday approved about $393,898 in tax abatements to the startup, P3 Health Partners, to support that goal.

The founders of P3 Health Partners are the same founders of HealthCare Partners, which owned physician groups in Southern California, Nevada and Florida. DaVita, the biggest U.S. dialysis services provider, bought HealthCare Partners in 2012 in a $4.42 billion deal.

Mark El-Tawil, chief financial officer for P3 Health Partners, said Thursday that the startup won’t be “re-creating” HealthCare Partners “exactly” but will be building on the idea “plus additional offerings to be able to reach into other markets.”

Those additional offerings include offering training to primary care physicians to alleviate burnout. The additional services will be offered in markets outside of Nevada, starting with Arizona, because of a non-compete agreement, El-Tawil said during the board meeting.

“We see a tremendous opportunity here and our founding partners have had some pretty tremendous success here,” El-Tawil said. “Opportunity is still there to expand the market and to help doctors meet their needs and provide better outcomes for their patients.” (Las Vegas Review-Journal)

The company plans to hire 160 full-time employees within the next two years at an average hourly wage of $36.94, according to the tax abatement application.

El-Tawil said the company plans to work closely with the UNLV School of Medicine and is counting on the school’s facilities and workforce pipeline.

Jared Smith, chief operating officer of the Las Vegas Global Economic Alliance, said P3 Health Partners “combines” health care and headquarters operations, both identified by the alliance as high-growth target industries. The alliance helped the startup with its tax abatement application.

Other actions

In other action, the board approved spending around $4 million in tax abatements in return for more than $58 million in new tax revenue, including:

■ Progress Rail Services Corp. will receive about $176,521 in tax abatements to establish a facility in Henderson that will rebuild a type of electric motor, called a traction motor, used in the rail industry. According to its tax abatement application, the company plans to hire 50 employees, the majority of whom will be local, within two years at an average hourly wage of $21.97. The company plans to make a $1.5 million capital investment and is expected to generate about $6 million in new tax revenue over 10 years.

■ Originate Inc. will receive about $83,407 in tax abatements to expand existing operations in Las Vegas. Originate currently employs 17 people to design and develop software and technology for startups, entrepreneurs, and engineers. The company plans to use the abatements to hire 33 new employees within two years making an average hourly wage of $41.97. Originate will make a total capital investment of $63,500 and is slated to generate about $6 million in new tax revenue over 10 years, according to the company’s application.

■ Precision Tube Laser, LLC will receive about $89,557 in tax abatements and is estimated to generate about $1.3 million in new tax revenue over 10 years. The company intends to provide laser tube cutting services for the construction industry within Nevada and neighboring states. Precision will hire 16 new employees in the first 24 months of operations, making an average hourly wage of $27.93, according to its tax abatement application. The company is expected to generate about $1.3 million in new tax revenue over 10 years, according to the application.

■ eExpress Messenger Systems Inc. dba OnTrac will receive about $1.7 million in tax abatements to expand its current 161,400-square-foot facility located in Sparks into a hub. OnTrac is a logistics company specializing in contracting small-parcel shipping services in the Western United States. The company’s current full service area serves about 20 percent of the U.S. population, according to onTrac’s tax abatement application. OnTrac currently employees 110 full-time workers and plans to hire an additional 15 at an average hourly wage of $22.87. OnTrac is expected to generate about $8 million in new tax revenue over 10 years.

■ Latitude 36 Foods LLC will receive about $2.2 million in tax abatements to retrofit a Reno warehouse into a food grade manufacturing facility and corporate headquarters. The company hopes to begin operations in June 2018, a company representative said Thursday. Latitude 36 Foods buys raw materials, like croutons and salad dressing, and packages the items for use in ready-to-eat boxed salad kits. According to its application, Latitude 36 Foods plans to invest over $17.3 million in capital equipment while hiring at least 125 employees at an average wage of $22.15 per hour by the end of its first two years of operations. The company is estimated to generate about $38 million in new tax revenue over 10 years.

Contact Nicole Raz at nraz@reviewjournal.com or 702-380-4512. Follow @JournalistNikki on Twitter.

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)
Small businesses struggle to find qualified candidates
A 2018 survey found that over two-thirds of small businesses in Nevada find it somewhat to very difficult to recruit qualified candidates. Bailey Schulz/Las Vegas Review-Journal
Nevada secretary of state website offers little protection against fraudulent business filings
Property developer Andy Pham tells how control of his business was easily seized by another person using the secretary of state website.
Caesars may be going solo in its marijuana policy
Several Southern Nevada casino companies aren’t following Caesars Entertainment’s lead on marijuana testing.
How much is the Lucky Dragon worth?
Less than a year-and-a-half after it opened, the Lucky Dragon was in bankruptcy.
Gyms and discount stores take over empty retail spaces
Grocery stores used to draw people to shopping centers. But many large retail spaces have been vacant since 2008. Discount stores like goodwill and gyms like EOS Fitness are filling those empty spaces, and helping to draw shoppers back in. K.M. Cannon/Las Vegas Review-Journal
Funding source of Las Vegas stadium for the Raiders is sound, expert says
The stadium is funded in part by $750 million of room taxes, the biggest such tax subsidy ever for a professional sports stadium. Robert Lang, executive director of Brookings Mountain West and The Lincy Institute at UNLV, says that is a good use of public funds. (Richard Velotta/Las Vegas Review-Journal)
Las Vegas needs light rail, expert says
Robert Lang, executive director of Brookings Mountain West and the Lincy Institute said he is afraid of a "congestion mobility crisis." Las Vegas needs a light rail system, he said, to accommodate the city's growing number of attractions. (Richard Velotta/Las Vegas Review-Journal)
Three takeaways from Wynn Resorts' Earnings Call
Matt Maddox came out swinging in his first earnings conference call as Wynn Resorts chief executive officer, boasting of record Las Vegas quarterly revenues and applicants lining up for work.
Star Wars VR Comes to Las Vegas
Sneak peak at the new "Star Wars: Secrets of the Empire" VR experience at the Grand Canal Shoppes.
Elaine Wynn continues her fight to change Wynn Resorts board
Elaine Wynn, the largest shareholder of Wynn Resorts Ltd., is seeking to kick a friend of her ex-husband Steve Wynn off the company’s board of directors. (Todd Prince/Las Vegas Review-Journal)
Zillow is getting into house flipping in Las Vegas
Las Vegas Review-Journal real estate reporter Eli Segall says flipping houses has waned in popularity after the housing bubble burst.
Ellis Island Buys Mt. Charleston Lodge
Ellis Island, which operates a casino, brewery and hotel just off the Strip, purchased the Mt. Charleston Lodge in early April.
Casinos to be penalized for allowing drug-impaired customers to gamble
Nevada Gaming Commission Chairman Tony Alamo talks about an amendment making casinos subject to the same disciplinary standards of preventing people to gamble if impaired by drugs as they are for letting them play while intoxicated by alcohol.
Terrible Herbst to open large travel center in Southern Nevada
The 50,000-square-foot commercial travel center will include 96 fuel pumps and the third White Castle restaurant in Southern Nevada. Wade Tyler Millward reports.
Art Bell’s Top 10 Shows
A selection of radio host Art Bell’s most popular shows.
Hooters owner talks about room upgrades at his hotel-casino
George Ruff, founder and senior principal of Trinity Hotel Investors L.L.C., owner of Hooters Hotel and Casino in Las Vegas, talks about recent room upgrades at the hotel. K.M. Cannon/Las Vegas Review-Journal
Passengers Discuss Allegiant Air
Allegiant Air passengers voice their views on the airline at McCarran International Airport on April 16, 2018. (Bailey Schulz/Las Vegas Review-Journal)
Longtime Las Vegas attorney John Momot dies at age 74
Criminal defense attorney John Momot, who represented mob figures and even played himself in the movie “Casino,” has died.
Bark-Andre Furry meets Capitals superfan Ovie the Bulldog
Two of NHL's furriest fans met at the Forum Shops in Caesars Palace on Tuesday, June 18, 2018, in Las Vegas. Vegas Golden Knights superfan Bark-Andre Furry and Washington Capitals superfan Ovie the Bulldog shared a plate of meatballs and spaghetti with help from Logan, "The Girl with the Hat." (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
Art Bell’s Top 10 Shows
A selection of radio host Art Bell’s most popular shows.
Calvary Christian Learning Academy, “There was no fair warning.”
Samantha O’Brien, whose three-year-old daughter attended the Calvary Christian Learning Academy daycare, found out Monday night when her daughter’s teacher called about the school closing.
News Headlines
Home Front Page Footer Listing
You May Like

You May Like