The Governor’s Office of Economic Development considered several tax abatement and deferrals today for companies that want to relocate to or expand in Nevada. One of the requests was from a Clark County business.
The issue: Polulu Corp., a Las Vegas company that produces robot kits, parts and electronics and offers custom laser cutting services, sought tax abatements that required approval from the board.
The vote: Approved 6-2
What it means: The company will get its sales tax reduced to 2 percent, its modified business tax lowered to 50 percent for four years and its personal property tax cut to 50 percent for 10 years, saving the company a total of $168,338. Polulu says that will enable it to add 11 jobs with average wages of $23.16 an hour and make a capital investment of $1.2 million.
The company has grown from two to 41 employees and has expanded six times, owners said. It has hired engineering graduates from UNLV and UNR and intends to add part-time summer positions for local students.
About 97 percent of Polulu's customers come from outside Nevada.