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MegadealsSubsidy Tracker Individual Entry
Company: Redwood Materials
Parent Company:
Subsidy Source: multiple
Location: Nevada
County: Storey
NAICS Industry Code: 331420
Project Description: battery recycling and battery materials facility
Year: 2022
Subsidy Value: $105,600,000
Program Name: $1B Investment
Awarding Agency: Nevada Governor's Office of Economic Development
Type of Subsidy:
MEGADEAL
Number of Jobs or Training Slots: 701
Wage Data: $32.03
Wage Data Type: average wage
Capital Investment: $1,106,026,532
Source of Data: All data based on application documents for Redwood Materials, Inc. posted under the Nevada Governor's Office for Economic Development board meeting materials, December 1, 2022.
(click here)
Notes: The company was approved for: $46,566,432 in 100%, 15-year local sales tax abatements; $2,797,918 in 75%, 10-year modified business tax abatements; $54,113,232 in 75%, 10-year personal and real property tax abatements; and $2,137,500 in transferrable tax credits (or $9,500 per each qualified job until June 30, 2025). The company committed to pay 75% of workers' healthcare costs. Overlaps with the main data: none.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.