Llame al (888) 572-7520 para hablar con un agente
Enviar mensaje a un agente
Edgewood Renewables receives an incentive to establish a biofuels refinery in North Las Vegas.
Nevada Governor Joe Lombardo approved a $11.7 million tax reduction for Edgewood Renewables as an incentive for establishing a biofuel refinery.
This project, endorsed by the Governor’s Office of Economic Development, was announced on January 25 by Lombardo in collaboration with the state entity. The Governor’s Office of Economic Development was established with the mission to bolster economic development in Nevada, and this biofuel initiative is a significant step in that direction.
Edgewood Renewables’ CEO, Steve Harrington, expressed excitement about locating the refinery, fuel center, and terminal in North Las Vegas, Nevada. He highlighted that this strategic location would provide access to key markets, and with the assistance of local workforce, continued collaborative growth is anticipated. One of the goals of this partnership is to create 60 jobs with an average wage of $40.71 per hour.
According to data published by Transport Topics, Edgewood Renewables is progressing with plans for a railway facility and a production plant in the city, aiming to produce 9,000 barrels of sustainable fuels daily. Additionally, Edgewood Renewables is expected to invest $96.5 million in equipment during the first two years of operation and generate $21.6 million in new tax revenues over the 10-year tax abatement period.
In October, North Las Vegas collaborated with U.S. Energy to facilitate the company’s arrival in the city. Under a long-term agreement, U.S. Energy will operate the biofuel center, while Edgewood Renewables will be responsible for building the facilities in a former fuel terminal. This strategic step marks a significant milestone in the joint development of these entities in the renewable energy sector.
Nevada stands out as a favorable location for new businesses due to incentives provided by the Governor’s Office of Economic Development (GOED). These incentives range from sales tax reductions for equipment acquisition, sales/use tax deferrals, to tax benefits for real estate recycling, intellectual property development cost assistance, and grants for employee training.
To qualify, businesses must operate in Nevada for at least five years and meet at least two of the following criteria: offer jobs with state average wages, make significant capital investments, or create primary jobs. Additionally, approval requires companies to provide health insurance to employees and cover at least 65% of insurance premium costs.
Trucker Fashion: A Revolution Born on the Road That Still Sets the Trend
Trucker fashion remains relevant due to its authenticity, its seamless integration into streetwear, and its reinterpretation by luxury brands, consolidating itself as a revolution born on the road that evolved from a work uniform into a global cultural symbol
North Dakota among states regaining non-domiciled CDL authority
North Dakota will reissue approximately 150 of the 526 CDLs and CLPs for non-resident drivers that were active during the FMCSA audit.
The Growing Threat of Chameleon Fleets
A CBS ‘60 Minutes’ investigation exposes the rise of ‘Chameleon Fleets’ in the U.S. trucking industry.
US transportation begins to show signs of recovery
With tonnage at record levels and rates on the rise, carriers are leading the expansion of the logistics market. If the forecasts hold true, years of uncertainty could be over.
Trump Administration Restarts California Pipeline to Lower Gasoline Prices
Under Trump, the restart of the Santa Ynez Pipeline aims to boost local crude supply and impact gasoline prices amid persistently high energy costs in California.
Lawmakers push to raise minimum truck insurance compensation to $5 million
The “Fair Compensation for Truck Crash Victims Act” seeks to increase insurance requirements for interstate motor carriers.
Business hours: Monday to Friday from 8:00 AM to 5:00 PM. California time