LVGEA assists 6 companies in relocation & expansion in Southern NV

by Nicole K. Santero

LAS VEGAS — With the assistance of the Las Vegas Global Economic Alliance (LVGEA) six companies are planning to expand or relocate to Southern Nevada, projecting the total creation of 1,018 jobs over the next three to five years. The following companies were approved for tax incentives today by the Board of the Governor’s Office of Economic Development (GOED):

  • C4Mining Company
  • Cascade Financial Technology
  • Delphi Automotive Systems
  • Scientific Games
  • Smith’s Food & Drug Centers
  • VM Innovations

Since Jan., the LVGEA has assisted in the expansion and relocation of 11 companies, projecting a total of more than 1,600 jobs over five years.

Also during the meeting, LVGEA 50 board member and immediate past chair Ray Specht began his official appointment as a member of the GOED board of directors.

“It is an honor to be appointed to the GOED board of directors,” said Specht. “I have been involved with economic development and the Las Vegas Global Economic Alliance for several years, and I’m excited to continue these important efforts to grow and diversify the economy statewide.”

C4Mining Company: 30 jobs over five years

C4Mining Company plans to set up its primary operations in Southern Nevada, which will be a state-of-the-art, secure facility designed for developing cryptocurrency mining rigs.

The company offers mining services that enable non-technical qualified clients to generate bitcoin and other crypto currencies through the mining process. They provide a hands-off approach to mining crypto currencies while eliminating clients’ needs to personally deal with issues experienced if they were mining bitcoin themselves.

Economic development incentives offered by Nevada is one integral factor of C4Mining Company’s location decision, allowing them to hire a greater number of full-time employees with long-term work and career opportunities.

“Locating in an area that has great infrastructure is key for our operations,” said C4Mining Company CEO Dan Hunt. “Assets like ample supply of power, lots of land and support in the tech company for our staffing needs made Las Vegas the right place for us.”

In addition to the GOED process, the LVGEA helped provide C4mining with local resources and made introductions to partners in the business community.

Learn more at c4mining.io.

Cascade Financial Technology: 300 jobs over five years

Cascade Financial Technology plans to expand in Clark County from approximately 2,000 sq. ft. to 20,000 sq. ft. This program manager offers services—including prepaid card services, debit cards, p2p payments, mobile payments and real time crypto currency liquidity—that help organizations build their financial products and services.

Recent strategic planning has Cascade FinTech focused on creating a greater presence in Nevada. State incentives will also allow the company to hire more full-time employees and provide them with long-term work and career opportunities.

“Las Vegas remains the ideal place for us to continue growing our operations,” said Cascade FinTech Founder and CEO Spencer Schmerling “With a 24/7 call center, it is great to be in a 24/7 town that offers a well-trained workforce and convenient commuting options for employees.

In addition to the GOED process, the LVGEA helped provide C4mining with local resources and made introductions to partners in the business community.

Cascade Financial Technology Corp transitioned from Chatsworth, CA to Nevada in 2016, and over the course of its first year in the state, moved all of its California jobs to Nevada.

Learn more at cascadefintech.com

Delphi Automotive Systems: 150 jobs over five years

Delphi Automotive Systems, now known as Aptiv PLC, is considering Nevada as a location for a multi-phased project, which could lead to the establishment of a Mobility Command Center.

Aptiv is a global technology company that develops safer, greener and more connected solutions, which enable the future of mobility and provides leading automated driving solutions.

Learn more at aptiv.com.

Scientific Games: 300 jobs over three years

Scientific Games Corporation (NASDAQ: SGMS) is looking to grow in Nevada and focus on creating its world class Global Headquarters. The company is a world leader in gaming entertainment offering the industry’s broadest and most integrated portfolio of game content, advanced systems, cutting-edge platforms and professional services.

Scientific Games is unique in its innovative, cross-platform approach. No other company offers its customers one-stop-shop technology and game solutions across the entire portfolio of gaming products – from back office software to mass consumer social games and everything in between.

The LVGEA was instrumental in helping to facilitate discussions between Scientific Games and GOED, providing support and acting as a resource throughout the entire process. In Las Vegas, Scientific Games is an unparalleled technology company that can offer diverse job opportunities for Southern Nevadans in multiple disciplines across career levels.

“Scientific Games is proud to call Las Vegas home for our global headquarters. The city and community are wonderful supporters of our industry and our customers, and of course, you can’t beat the weather,” said Scientific Games Vice President of Global Facilities Todd Clark. “The LVGEA and GOED have been wonderful partners, and we thank them for all of their efforts to ensure Scientific Games continues to flourish in Southern Nevada.”

Learn more at scientificgames.com.

Smith’s Food & Drug Centers: 182 jobs over five years

Smith’s Food & Drug Centers is considering opening a 482,000 sq. ft. distribution facility in Henderson that would ship product to various states in the southwest U.S. including Nevada, New Mexico and Utah.

Due to recent strategic planning, the company has focused on creating an additional presence in Nevada, which offers advantages through lower operating costs, economic incentives and a pro-business climate.

“The efforts and the support of the LVGEA have been an instrumental part of our process and a very positive experience. We appreciate their work and continued collaboration,” said Kroger Co. Senior Program Manager Zach Riggs.

Smith’s Food & Drug Centers owns and operates food and drug stores throughout the U.S. and is a subsidiary of The Kroger Co (Kroger). Kroger has evolved over the last 135 years from a small grocery store into an organization with nearly 2,800 stores across 35 states.

Learn more at thekrogerco.com.

VM Innovations: 56 jobs over five years

VM Innovations, a jet charter company operating a fleet of light jets, is considering expanding its current operations at the Henderson Executive Airport. This will initially comprise office space with the potential to include a new hangar in the future.

The company currently serves the region’s customers, as well as those interested in private jet travel to Las Vegas.

 

About Las Vegas Global Economic Alliance
The Las Vegas Global Economic Alliance (LVGEA) is a public-private partnership dedicated to growing the economy in Southern Nevada through connectivity, community development, and strong business recruitment, retention and outreach. As Southern Nevada’s regional development authority, the LVGEA’s vision is to help residents thrive in a global economy by fostering a more prosperous, diverse and connected regional economy. To learn more, visit lvgea.org.

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