Packaging company TemperPack, others receive Nevada tax abatements

Updated March 21, 2019 - 3:41 pm

Sustainable packaging company TemperPack’s largest customers are meal kit e-commerce companies, which use their product to make sure food is kept cool while in transit to customers’ homes.

Co-founder and co-CEO James McGoff said he has bigger plans for his company’s future and believes Las Vegas can help the company reach its goals.

“We’re getting into the life sciences space,” McGoff said, with TemperPack products being used to keep pharmaceutical items like vaccines cool. “The company’s in the stage of heavy expansion, and having a West Coast manufacturing presence (in Las Vegas) is very strategic to that vision.”

On Thursday, the Governor’s Office of Economic Development awarded the company $570,811 in tax abatements to help facilitate its growth in Nevada.

A catalyst for growth

Virginia-based TemperPack was founded in 2015 and sells sustainable packaging products that can be used as an alternative to Styrofoam.

Three college students started the company in a garage, and TemperPack has since grown to a staff of more than 300, with eight facilities and a 150 percent annual growth rate.

Some of the company’s clients include meal delivery services HelloFresh and Purple Carrot, as well as such pharmaceutical companies as Albertsons and Diplomat Pharmacy.

McGoff said the company looked into other areas to expand its manufacturing, but it was drawn to Las Vegas’ friendly business climate.

Tax abatements were “a huge factor in our decision,” he said. “It’s a catalyst to grow faster.”

The company already has a fulfillment center in Las Vegas near East Craig Road and North Lamb Boulevard, but this expansion would bring in manufacturing operations to the state for its patented ClimaCell packaging product.

Hank Heyming, general counsel at TemperPack, said Las Vegas’ proximity to California and Utah was another incentive to expand in Nevada because California and Utah house a large number of pharmaceutical companies.

Heyming expects the company’s growth and in-state hiring will play a role in Nevada’s economic growth.

“I met with the (UNLV) engineering school there, and they’re pretty excited,” he said. “All of them were super excited to keep STEM talent in Nevada.”

In return for the tax abatements, TemperPack would provide $6,733,162 in new tax revenue over the next 10 years. It would hire at least 33 employees in the next year with an average wage of $23.45, and is looking to hire engineers, skilled machine operators, management and more.

In other action Thursday, the economic development office approved $2.5 million in tax abatements for existing, expanding and new Nevada companies in return for more than $53 million in total tax revenue. $1.5 million was awarded to companies in Southern Nevada.

Nikkiso Cryo, Inc.

Awarded tax abatements: $360,895

Anticipated capital investment: $4,879,875

Nikkiso Cryo Inc. is planning to expand its facility in North Las Vegas. The company develops, manufactures, engineers, and tests cryogenic pumps for liquefied natural gas. The project would include building improvements, new equipment and new hires; the company said it would hire 29 employees over the next year at an average hourly wage of $29.83.

Wilen Vegas, LLC

Awarded tax abatements: $537,382

Anticipated capital investment: $4,956,306

Marketing communication company Wilen Vegas has plans to establish a facility in Las Vegas, targeting markets west of the Mississippi River. It is set to begin operations in June. The company said it wants to hire local employees, and would hire 50 people in the first three years at an average hourly rate of $23.22.

WinTech LLC

Awarded tax abatements: $46,024

Anticipated capital investment: $3,206,416

WinTech — a Nevada-based technology firm that developed ALICE, a virtual receptionist — is considering expanding its Las Vegas headquarters. It would hire 17 people over the next year at an average wage of $36.63.

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

Business Videos
Boxabl official explains the building concept
Boxabl business development manager Galiano Tiramani shows off a room built by his company. (Blake Apgar/Las Vegas Review-Journal)
Las Vegas Convention Center expansion taking shape
Renderings and actual footage show how the Las Vegas Convention Center is evolving.
Former Starbucks CEO Howard Schultz at Las Vegas convention
Former Starbucks CEO and potential presidential candidate Howard Schultz spoke at the Epicor Insights user conference at Mandalay Bay Convention Center Wednesday, April 17, 2019. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
Drew Las Vegas to open in the second quarter of 2022
The 67-story Drew Las Vegas is slated to open in the second quarter of 2022 at the north end of the Las Vegas Strip. (Michael Quine/Las Vegas Review-Journal)
NAB Day 1 (Time Lapse)
NAB kicked off at the Las Vegas Convention Center on Monday, April 8, 2019. (Mat Luschek / Review-Journal)
National Association of Broadcasters Show shows 1mm thick 8K TV with 22.2 channel digital sound
Japan’s NHK Science & Technology Research Laboratories booth featured a 1mm thick 8K TV system used in conjunction with a 22.2 channel digital sound system at the National Association of Broadcasters Show at the Las Vegas Convention Center. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
Nevada shoppers react to Smith’s no longer accepting Visa credit cards
On March 1, Smith’s announced that it would no longer be accepting Visa credit cards at any of its 142 supermarkets, including the 45 in Nevada.
Massachusetts Gaming Commission asks how long Wynn executives knew about misconduct
Business reporter Rick Velotta gives an update on the adjudicatory hearing on the suitability of Wynn Resorts to retain its gaming license in Massachusetts.
Henderson app developer part of Startup in Residence
Henderson based developers of the app On Point Barricade are taking part in Startup in Residence, a North America program dedicated to pairing tech companies with governments. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
Sam's Town employees and customers talk of their love for the iconic casino
Longtime Sam's Town employees and customers love each other and love their casino. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
Las Vegas apartments rents
Las Vegas’ apartment market has accelerated in recent years. Developers are packing the suburbs with projects, landlords are on a buying spree, and tenants have filled buildings.
William Boyd talks about the birth of Sam's Town
On the eve of the 40th anniversary of Sam's Town, William Boyd, executive chairman of Boyd Gaming and son of hotel namesake Sam Boyd, talks about how the casino became one of the first local properties in Las Vegas. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
High Roller observation wheel turns five
The world’s tallest observation wheel celebrates it’s fifth year on Sunday, March 31, 2019. (Michael Quine/Las Vegas Review-Journal) @Vegas88s
Escape Room Industry Growing In Las Vegas
Escapology employees discuss the growing escape room industry in the U.S. and Las Vegas. (Bailey Schulz/Las Vegas Review-Journal)
Impact of parking fees on visiting the Las Vegas Strip
There are no data showing a relationship between Strip resort and parking fees and the number of out-of-state visitors to Las Vegas. But there are data showing a relationship between Strip parking fees and the number of local visitors to the the Strip. ‘’As a local, I find myself picking hotels I visit for dinner or entertainment, based on whether they charge for parking or not,”’ said David Perisset, the owner of Exotics Racing. ‘’It is not a matter of money, more of principle.’’ A 2018 survey by the Las Vegas Global Economic Alliance found 36.9 percent of Clark County residents reported avoiding parking at Strip casinos that charge for parking. 29.1 percent reported avoiding using any services from a Strip casino that charges for parking.
MGM's sports betting deals
MGM Resorts International signed a sports betting sponsorship agreement with the NBA in July It was the first professional sports league to have official ties with a legal sports betting house. The deal came just two months after the U.S. Supreme Court overturned a law prohibiting sports betting in most states. In October, MGM became the first gaming company to sign a sports betting partnership with the NHL. In November, MGM became the first gaming company to sign a sports betting partnership with the MLB. Financial terms of Tuesday’s deal and earlier partnerships have not been announced.
Faraday puts Las Vegas land on the market
Nearly two years after Faraday Future bailed on its North Las Vegas auto factory, the company has put its land up for sale. (Michael Quine/Las Vegas Review-Journal)
El Cortez owner Kenny Epstein on running the iconic property
Kenny Epstein, owner of the El Cortez Hotel in downtown Las Vegas, talks about Jackie Gaughan mentorship and answers rumors about bodies in the basement at the mob-era casino. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
LVCVA recommends construction of underground people mover
The Las Vegas Convention and Visitors Authority announced the recommendation for an underground people mover for the convention center. The system would have the potential to expand and connect Downtown and the resort corridor all the way to McCarran. (Michael Quine/ Las Vegas Review-Journal)
LVCVA/Boring Company Press Conference
The Las Vegas Convention and Visitors Authority announced a collaboration with Elon Musk's The Boring Company to develop and operate an autonomous people mover system for the Las Vegas Convention Center District.
International Pizza Expo includes green and gluten free
The International Pizza Expo at Las Vegas Convention Center included companies focused on vegan and gluten free, and plant-based pizza boxes. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
International Pizza Expo kicks off in Las Vegas
The first day of the International Pizza Expo at Las Vegas Convention Center is everything Pizza. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
T-Mobile program aids guests with sensory needs
A program at T-Mobile Arena is designed to provide a more sensory friendly experience for guests.
Photo Booth Expo
Danielle May talks about how Simple Booth transformed her Volkswagen bus into a business.
Nevada Gaming Commission's highest fines
The highest fines assessed by the Nevada Gaming Commission, according to commission Chairman Tony Alamo: 1) Wynn Resorts Ltd., $20 million, 2019 2) CG Technology (then known as Cantor G&W Holdings), $5.5 million, 2014 3) The Mirage, $5 million ($3 million fine, $2 million compensatory payment), 2003 4) Stardust, $3 million, 1985 5) Santa Fe Station, $2.2 million ($1.5 million fine, $700,000 compensatory payment), 2005 6) Las Vegas Sands, $2 million, 2016 7) CG Technology, $1.75 million, 2018 8) CG Technology, $1.5 million (also $25,000 in escrow for underpaid patrons), 2016 9) Caesars Entertainment, $1.5 million, 2015 10) Imperial Palace, $1.5 million, 1989 11) Peppermill Casinos, $1 million, 2014
Tiny Pipe Home vs Shipping Crate
A Tiny pipe home was displayed at the International Builders Show this week in Las Vegas.
Auto repair shortage affects Las Vegas
The auto repair industry is facing a national shortage of workers.
Franchising industry booming
Experts say Las Vegas is a hotbed for the franchise industry.
Africa Love owner talks about his store in Las Vegas
Mara Diakhate, owner of Africa Love, gift and decor store, talks about his store in Las Vegas. (Bizuayehu Tesfaye/ Las Vegas Review-Journal) @bizutesfaye
Developer gets approval to build homes at Bonnie Springs
The Clark County Planning Commission has approved a plan to build 20 homes on the site of Bonnie Springs Ranch. (Michael Quine/Las Vegas Review-Journal)
TOP NEWS
Home Front Page Footer Listing