Company to open Reno plant to support Vistaprint business
September 15, 2016 - 5:58 pm
Web-to-print services company, Cimpress USA Manufacturing Inc., will open its first US-based manufacturing facility in Reno to support growth of their Vistaprint business.
“If you print on it, we make it,” said Larry Reid, who identified himself as president of Cimpress North America Manufacturing.
The company plans to operate out of a facility in Washoe County by January, which he said will allow the company to offer Vistaprint products with shorter shipping times and at a lower cost.
Cimpress will invest approximately $12.7 million for capital equipment in the first two years, and plans to hire 150 employees within the first two years of operation with an expected hourly rate of $20.93, not including benefits.
The Governor’s Office of Economic Development board on Thursday approved $1.29 million in tax abatements for Cimpress. The company is estimated to generate $7.4 million in new tax revenue over 10 years.
In other action, the board approved spending a total over $25 million in tax abatements in return for over $44 million in new tax revenue, including the following:
— Aqua Metals Reno Inc. will receive $3,614,319 in tax abatements and is estimated to generate $7,665,528 in new tax revenue over 10 years. Aqua Metals recycles lead acid batteries at its plant in Southern Nevada and is constructing a new AquaRefinery in the Tahoe Reno Industrial Center.
— Arroweye Solutions Inc. will receive $925,030 in tax abatements and is estimated to generate $3,692,544 in new tax revenue over 10 years. Arroweye Solutions manufactures credit, debit and gift cards. Arroweye intends to expand its current facility in Henderson, as it is projecting to produce more than 35 million credit cards in 2017.
— Grand Canyon Airlines Inc., will receive $2,838,887 in tax abatements and is estimated to generate $3,628,319 in new tax revenue over 10 years. Grand Canyon Airlines operates sightseeing tours and scheduled passenger service over and around the Grand Canyon.
— Papillon Airways Inc. will receive $10,149,905 in tax abatements and is estimated to generate $6,019,046 in new tax revenue over 10 years. Papillon Airways operates sightseeing tours and scheduled passenger services over and around the Grand Canyon.
— Ryze Renewables Reno LLC will receive $7 million in tax abatements and is estimated to generate $9,370,604 in new tax revenue over ten years. Ryze Renewables manufactures renewable diesel and plans to purchase a facility in Southern Nevada which is projected to produce 2,000 barrels of diesel fuel per day.
— Tectonics Industries LLC will receive $321,111 in tax abatements and is estimated to generate $2,260,057 in new tax revenue over 10 years. Tectonics Industries is a solutions provider in the engineering, printing, fabrication and installation of graphic displays.
— Walkenhorst’s will receive $273,504 in tax abatements and is estimated to generate $11,632,626 in new tax revenue over 10 years. Walkenhorst’s is planning to relocate its headquarters from Napa, California to a 75,000 square foot facility in Reno.
Contact Nicole Raz at nraz@reviewjournal.com or 702-380-4512. Follow @JournalistNikki on Twitter.