Nevada’s electronics industry has witnessed substantial growth in recent years, becoming a driving force in the state’s economy. With a strong presence in cities like Reno, Sparks, Henderson, and North Las Vegas, the industry has attracted a multitude of companies, from innovative start-ups to well-established corporations.
Applied Manufacturing, LLC, a new medical device manufacturing company in Clark County, is set to receive $493,878 in tax abatements over 10 years. The company is required to create 54 jobs within the first two years of operation and is projected to grow to 174 jobs within five years. SAMSARG, Inc., an aircraft parts manufacturing and maintenance company in Lyon County, will receive $180,750 in tax abatements over 10 years, with plans to create 25 jobs within the first two years of operation and expand to 147 jobs in five years.
The Nevada Governor’s Office of Economic Development (GOED) Board has approved a $330,250,366 abatement for Tesla, Inc., which plans to invest $3.6 billion in its Storey County site. Tesla has already invested $6.2 billion in Nevada, creating over 11,000 highly paid jobs and contributing significantly to the state’s economy.
Other notable companies in Nevada’s electronics industry include International Game Technology, Scientific Games Corporation, NAS Electronics, VadaTech, and Rocket EMS. These organizations span across sectors such as gaming, aerospace, and unmanned aerial vehicle (UAV) systems, showcasing the industry’s diversity and strength.
Nevada’s commercial aerospace sector is also experiencing significant growth, with companies like Boeing and Bigelow Aerospace revolutionizing space commerce. Sierra Nevada Corporation, JT3, Allegiant Travel, and UAV Systems International are other prominent names in Nevada’s aerospace landscape.
As Nevada’s electronics and aerospace industries continue to expand, the state’s economy is expected to reap substantial benefits from increased job creation, investments, and revenue generation.