EdgeCore has been granted $26.3 million in tax abatements by Nevada’s board of the Governor’s Office of Economic Development. The company’s senior VP of investments said that EdgeCore is a startup with zero clients so far.
“Demand will continue and we want to position our platform accordingly,” said Matt Muell of EdgeCore.
Legacy and emerging industries in the Silver State have and will continue to rely increasingly on big data. Several experts have predicted that Nevada will need more data centers before too long in order for the new economy to continue maturing. The EdgeCore facility will have 225 MW capacity and will be built in phases, with construction beginning early next year.
Their very first data center facility broke ground in early March in Mesa, Arizona and the campus will start out with an 180,000 square-foot building. Eventually there will be a total of seven buildings with more than 1.25 million-square-feet in its final phase. EdgeCore has had its eye on Reno and Dallas for its next data center facilities, and other markets that they have yet to announce.
The company will invest more than $106 million in capital equipment by the end of their fifth year of operations and has plans to hire 50 employees by the end of the fifth year. Average wage of employees will be $23.68 per hour, according to its tax abatement application. During the same time period that EdgeCore’s tax abatements were approved, the Governor’s board also approved $11.4 million to other companies located in Northern Nevada in exchange for around $68 million in new tax revenue.
AeroSpec NDT Services Inc.
AeroSpec received $9.9 million in approved tax abatements and intends to establish corporate headquarters in Reno. They will hire 30 employees within two years at an average hourly wage of $31.37. The company provides laboratory services for the commercial aviation, defense, pipeline and automotive industries.
InternalDrive doing business as iD Tech
iD Tech has received $472,860 in approved tax abatements and is a STEM-oriented summer camp company that is offering weeklong summer tech camps. They have been offering these camps at UNLV for the past five years. They will be launching a new program in Northern Nevada called the Alexander Dawson school tech camp as well as a pilot for an all-girls tech camp called Alexa Café. iD Tech plans to located a warehousing and logistics operation in Reno. They will prepare, distribute and maintain educational hardware like robotics, circuitry kits and laptops to run their programs. They plan to invest around $5.5 million in capital equipment for the new facility and will hire 14 employees initially at an average wage of $23.27 per hour.
Monin Inc. has received $842,856 in tax abatements and is looking to build an 80,000-square-foot manufacturing and distributing facility in Reno that will support their customer demand in 11 Western states. They are a global manufacturer of premium beverage syrups, concentrates, sweeteners and flavorings. The company will invest around $11.8 million in capital equipment and plans to hire 30 employees by the end of the second year at an average wage of $23.48 per hour.
Ellsworth Adhesives Specialty Chemical Distribution Inc.
Ellsworth has received $221,198 in approved tax abatements and is headquartered in Germantown, Wisconsin. They are a global distributor of adhesives, sealants and dispensing equipment for a range of markets including transportation, medical, power and general industry. They will relocated their West Coast distribution operations from Irvine, CA to Reno. To do so they will need to build a new 120,000-square-foot facility to serve their customers primarily located in the West and Southwestern U.S. and Mexico. The company will also be investing approximately $2.17 million in capital equipment and plans to hire 18 employees at the end of year two at an average wage of $31.92 per hour.
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