Board OKs incentives, Catalyst Funds

Expansion of existing companies or new firms moving to the state will create nearly $200 million in capital investment and hundreds of jobs, according to a Sandoval administration announcement.

The Board of the Governor’s Office of Economic Development (GOED) has approved incentives and so-called Catalyst Funds for various companies, among them four that are receiving the latter.

Catalyst Funds recipients are Ardagh Metal Packaging USA in Storey County, $630,000 over five years; Lincoln Cutting Systems, Torchmate in Washoe County, $125,000 over two years; New Logic Research in Douglas County, $75,000 over three years; and Pathion LLC in Clark County, $200,000 over two years for research and development.


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