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Southern Nevada Expands Economic Momentum with $9.2M+ in Capital Investment and Nearly 325 New Jobs
Prnewswireยท 2025-11-11 00:30
Core Insights - Southern Nevada is becoming a hub for innovation, manufacturing, and financial technology with four companies expanding or establishing operations, representing over $9.2 million in capital investment and nearly 325 new jobs [2][3][15] Company Summaries - **Welspun USA**: Opening its third U.S. manufacturing facility in Southern Nevada with a capital investment of $5.15 million, creating 50 jobs at an average wage of $31.73 per hour, and expected to generate a two-year fiscal impact of $1.3 million and an economic impact of $27 million [4][5][6] - **FAAC Inc.**: Expanding into a larger facility in Clark County, consolidating existing operations, with a capital investment of $1.53 million, creating 10 skilled jobs at an average wage of $31.62 per hour, and expected to generate a two-year fiscal impact of $259,057 and an economic impact of $6.48 million [7][8][10] - **DieselCore**: Establishing a new facility in North Las Vegas with a capital investment of $1.12 million, creating 20 jobs at an average wage of $31.61 per hour, and expected to generate a two-year fiscal impact of $432,235 and an economic impact of $12.9 million [11][12][13] - **Private Fintech Company**: Expanding operations in Henderson with a capital investment of $1.38 million, creating 245 jobs at an average wage of $33.31 per hour, and expected to generate a two-year fiscal impact of $2.58 million and an economic impact of $107.3 million [14][15] Economic Impact - The combined projects are expected to inject millions into the economy and create hundreds of high-paying jobs, highlighting the growth potential in Southern Nevada's diverse business environment [3][15]