With the assistance of the Las Vegas Global Economic Alliance (LVGEA), three companies—Sunshine Minting, Inc.; Astound Group and Moen Incorporated—will expand in Southern Nevada and are projected to create more than 300 new jobs over the next five years. The companies were approved for incentives by the Board of the Governor’s Office of Economic Development on March 16.
“Our available workforce and friendly business climate provide a long-term competitive advantage for companies like Sunshine Minting, Inc.; Astound Group and Moen Incorporated,” said LVGEA President and CEO Jonas Peterson. “We are proud to assist in the expansion of these dynamic companies that will strengthen our regional economy.”
Sunshine Minting, Inc.
A leading manufacturer of products for the minting industry, Idaho-based Sunshine Minting, Inc. will expand its existing Henderson operations to include a world-class, state-of-the-art 144,000 sq. ft. minting facility. This effort by the supplier of precious metal and base metal minted products is projected to create 170 jobs over two years and a total of 270 jobs over five years.
“The Las Vegas Global Economic Alliance assisted Sunshine Minting in its expansion, connecting it with local resources and programs to ensure that it thrives in Southern Nevada,” said LVGEA Chief Operating Officer Jared Smith. “As one of our key target industries, we are excited to see this continued growth in manufacturing.”
The LVGEA helped Sunshine Minting, Inc. in the application of tax incentives, and as a result of the approved abatements, the company will begin discussions regarding the possible relocation of all corporate, administrative and operational functions to Nevada. Sunshine Minting, Inc.’s plan to consolidate its U.S. operations in Clark County would result in 80 million ounces of silver going through Nevada each year.
The LVGEA also connected Sunshine Minting, Inc. with the Department of Employment, Training and Rehabilitation for staffing assistance and to allow Sunshine Minting, Inc. to take advantage of the Silver State Works Program. Additionally, the LVGEA introduced the company to the City of Henderson to expedite permitting and regulatory requirements for establishing operations within the city.
Recognized for a record five years in a row as one of “America’s Fastest Growing Private Companies” by Inc. Magazine, Sunshine Minting, Inc. also offers special feature products, like COINWISE ™, which is the first interactive technology for minted products for use with Android and iOS mobile devices used to market directly to customers.
To learn more about Sunshine Minting, Inc., visit sunshinemint.com.
Astound Group, an award-winning design and fabrication company specializing in delivering state-of-the-art exhibits and events around the world, will expand its existing Las Vegas facility from 140,000 sq. ft. to 240,000 sq. ft. in the next 16 months. With ongoing growth, the company is projected to create more than 50 new jobs for the region in the next five years, with an average wage of $25.14.
In addition to assisting in the application for tax incentives, which will lower project costs and allow for the hiring of a greater number of full-time employees, the LVGEA introduced Astound Group to the Clark County School District’s East Career and Technical Academy with the intent of developing an internship program.
Located in 30 countries, Astound Group’s primary business is in the manufacturing and installation of both permanent and temporary structures, focusing on Nevada’s tradeshow industry as well as specializing in turnkey project management, specialty fabrication and revolutionary online inventory management.
To learn more about Astound Group, visit astoundgroup.com.
In an effort to better optimize the existing warehouse footprint and to support growth projections, Moen Incorporated—a product line of faucets and other fixtures—plans to update conveyer and automation equipment in its existing 219,068 sq. ft. facility in North Las Vegas. With an average wage of $22.15, the company is projected to create 10 new jobs over the next year and a total of 12 in five years.
The LVGEA assisted Moen Incorporated in the application of tax incentives. Moving forward, the LVGEA will help the company continue building on its 36-year history in Clark County by ensuring its retention as it utilizes local resources.
Moen Incorporated’s distribution center has been operating in North Las Vegas since 1981, serving as the main distribution hub for bathroom accessories for the United States.
To learn more about Moen Incorporated, visit moen.com.
View previous expansions assisted by the LVGEA here.