On Wednesday, May 24, the held its annual Las Vegas Perspective event, providing discussions on topics surrounding economic development data, analysis and forecasting for Southern Nevada.
The manufacturing sector in Southern Nevada leverages access to large West Coast markets and favorable operating costs to support a broad mix of manufacturers. Since Basic Magnesium opened in Henderson, NV to support the allied war efforts during World War 2, manufacturing in Southern Nevada has quietly grown alongside the region’s famous tourism, gambling, and convention industries. The sector today supports 27,000 workers employed in various sub-sectors of manufacturing. In addition to its logistics and goods movement advantages, the region boasts significant key assets and manufacturing clusters as detailed below.
|Employment in Cluster||21,727|
|Average Wage in Cluster||$53,040|
|Cluster Employment Growth (YOY)||-0.2 percent|
Top 5 Occupations in Cluster / Average Wage for Occupation
|Gaming Device Manufacturing & Other Miscellaneous Manufacturing||$97,687|
|Commercial Printing (except Screen and Books)||$44,217|
|Nonferrous Metal (except Aluminum) Smelting and Refining||$82,764|
|Ice Cream and Frozen Dessert Manufacturing||$53,257|
|Pharmaceutical Preparation Manufacturing||$46,849|
Key Assets to the Manufacturing Cluster
Foreign Trade Zone #89 offers a great advantage to companies when it comes to duty fees, taxes and international shipping costs. Companies can use FTZs for both warehousing and distribution operations. Companies can also use an FTZ for manufacturing operations with specific authorization by the U.S. FTZ Board.
The UNLV Howard R. Hughes College of Engineering ranks in the top 100 for Civil Engineering. The College of Engineering has been steadily growing, enrolling more than 1,600 undergraduates and about 250 graduate students. Research expenditures have consistently exceeded $6 million for the last eight years. The college is continuously seeking opportunities to improve the quality of its educational and research programs.
Utility Infrastructure Reliability: NV Energy‘s “NVEnergize” program maintains system reliability and allows NV Energy to respond more efficiently and effectively to emergency and reliability issues.
Union Pacific rail connection plays an essential role in carrying the world’s freight from the two largest ports on the West Coast to America’s Heartland and beyond. Since before Las Vegas was incorporated as a city, the Union Pacific rail line has served as an important trade route, connecting Southern California to Southern Nevada to all points east. Additionally, a spur from the Union Pacific rail line runs on McCarran Airport property, creating opportunities for seamless multi-modal cargo distribution.
McCarran International Airport serves more than 40 million customers every year, and handles 600,000 pounds of arriving/departing cargo each day. More importantly, the airport offers nonstop flights to and from nearly every major metros in the United States as well as several in Europe, Asia and Latin America.
Southern Nevada offers a robust highway transportation network, with easy access to major western markets via three major corridors (Interstate 15, U.S. Highway 95, and U.S. Highway 93). Additionally, Southern Nevada is less than a one-day drive over arterial Interstate highways to nearly 40 million consumers and to three major U.S. deep water seaports serving the Pacific Rim
Gaming Technology Manufacturing
IGT has been focused on becoming a global leader in gaming since 1981, although their first recognition came with the success of their innovative gaming product, the video poker machine. The acquisition of Electronic Data Technologies in 1984 led IGT to develop the concept of computerized player tracking, and decades later, they still contain the same innovative spirit. IGT’s products are being used in over 100 countries allowing them to hire more than 13,000 employees all over the world. www.igt.com
Konami Gaming opened a state-of-the-art 120,000 square foot facility in Las Vegas with one thing in mind, continue on expanding a rich legacy created in 1973 in Osaka, Japan. Founded by Mr. Kagemasa Kozuki, Komani Gaming relentlessly tests the limits of innovation and is devoted to providing top quality service. www.gaming.konami.com
Scientific Games, headquartered in Las Vegas, is a leading innovator in the global lottery and regulated gaming industries. Beginning with the breakthrough technology that launched the world’s very first secure instant lottery game in 1974, the company has continued to advance the games, technology, programs, marketing research and security that have been a driving force behind the success of more than 300 customers on six continents over the last 40 years. www.scientificgames.com
Aristocrat developed a strong reputation as a premium supplier of ground-breaking technologies and services to the international gaming industry. With over 60 years of experience, Aristocrat remains dedicated on providing the best experience possible to their customers. The company hires 2,200 employees worldwide, and has the goal of creating the greatest gaming experience, everyday. www.aristocrat.com.au
TH Foods, Inc. started in 1984 under Sesmark Foods Inc producing baked sesame sticks. In 1998, they developed a new identity under Terra Harvest Foods, which is now TH Foods, Inc. TH Foods has grown into a leading manufacture in the snack food industry. The company is known for their innovative new approach to snack products that includes a large array of sesame, corn, rice cakes and crackers. www.thfoods.com
Organic Food Bar locates its headquarters in Henderson Nevada. Organic Food Bar products are made in a SOLAR powered facility that is GMP, Organic, Gluten Free and Kosher certified. All of Organic Food Bar products are now nonGMO project verified.
Ken’s Foods is a family owned and operated company that takes pride in its roots and offers great opportunities for growth and career advancement. Ken’s Foods also offers a quality work environment as well as an excellent benefits package. Some examples of Kens Foods jobs include Maintenance Team Leader, Kitchen Mixer as well as Warehouse Supervisor.
Ethel M Chocolate first opened it’s doors in 1981 in Las Vegas. Ethel M carries on the strong tradition of making freshly made chocolate whose recipe never changed. Ethel M developed a reputation that earned them a strong following, and with the the 42 million visitors coming to Las Vegas every year, they are adding to that following every day.
Ocean Spray was started in 1930 by three cranberry growers that made new products using cranberries. The company now has over 700 growers who understand the importance of developing fresh ideas that doesn’t sacrifice the quality of the product. Ocean Spray has a 212,000 facility in Henderson, NV that employs over 100 employees.
Pololu is an electronics manufacturer and online retailer serving education, maker, and professional engineering industries with products ranging from sensors and motion control electronics to motors and wheels to complete robots. We strive to offer well-engineered, quality products that enable our customers to take their own projects from idea to reality.
Erickson International produces a full line of window films for the automotive, residential and commercial market at its new factory located in Las Vegas, Nevada. Erickson International is committed to providing their consumers with top quality service in an Eco-friendly plant that utilizes the latest technology to control waste and deliver a high throughput in a single pass.
K2 Energy brings forth innovation with a lithium iron phosphate battery designed to provide safety, last longer and deliver more power than standard lithium batteries, and advance the use of rechargeable batteries for the benefit of the environment. K2 Energy is devoted to providing the best and safest products to their customers.
VadaTech provides innovative embedded computing solutions that offer superior performance density for high-reliability requirements. VadaTech has developed a strong reputation for developing creative solutions to their customers. VadaTech has separated themselves from their competition by implementing their customer’s vision into each process all the way up to deployment. www.vadatech.com