This week Governor Joe Lombardo and the Governor’s Office of Economic Development announced new international investments in Nevada at the 2024 Select USA Investment Summit.
“Nevada continues to lead the nation in economic development, and I’m proud to welcome five new international companies to our state,” said Governor Joe Lombardo. “Our low cost of doing business, favorable regulatory environment, and robust litigation ecosystem make us a top destination for companies seeking expansion in the United States, and we’re excited to continue diversifying our economy with international partners.”
Five international companies announced business development in Nevada in key strategic sectors, including battery technology, sustainable mining and research services, and other energy-efficient manufacturing.
The five companies include:
Capital Limited - Capital Mining Services, a global entity with headquarters in the UK offering comprehensive drilling and mining services across more than 30 locations worldwide, has chosen to establish its presence in the United States under the banner of Capital USA in Elko. The facility will comprise geochemical analysis and mine drilling operations. The entry to the US is with Barrick/Nevada Gold Mines, but Capital and MSALABS will be expanding beyond the initial contracts with Barrick/ NGM in late 2024 (lab assays) and 2025 (mineral exploration). Northeastern Nevada Regional Development Authority (NNRDA) worked extensively with Capital Limited to facilitate the company’s move to Nevada.
PCM RailOne Ag - PCM RailOne Ag is a global company with headquarters in Germany. PCM RailOne Ag is planning a $20 million investment into North Las Vegas which will provide a precast concrete railway tie-producing unit for the Brightline West High Speed Rail Project. The investment will initially produce an estimated 50 jobs and is scheduled to begin commercial operations in Q1 2026.
Urban Mobility Systems - Urban Mobility Systems B.V. is a cleantech engineering company from the Netherlands. It develops and manufactures battery electric and hybrid fuel cell drive trains to replace the diesel engine traditionally used in heavy-duty on- and off-road vehicles. Their entry into Nevada is slated to create between 280-350 direct jobs and 100-150 indirect jobs.
FTE Drilling - FTE Drilling is a service provider from Quebec, Canada. It is establishing its U.S. headquarters in Winnemucca. The decision to invest in Winnemucca was greatly supported by the Humboldt Development Authority and the Nevada 95-80 Regional Development Authority.
Noovo - Noovo is a French company specializing in creating tiny houses on wheels converting vans into mobile offices and homes. Noovo is in the middle of an expansion of its manufacturing facility, moving from a 6,000 square-foot facility in Las Vegas to a 20,000 square-foot facility. The company plans to hire an additional 100 employees within the next two years.
(Office of Governor Lombardo contributed to this report.)
