Tax breaks awarded to two firms expanding to Henderson

CARSON CITY -- A South Korean company is getting state tax breaks of more than $300,000 for locating its plant in Henderson.

The state Economic Development Commission voted Thursday to allow Dongsung Americas to escape paying $225,000 in sales tax on its $4.5 million equipment purchase and defer payment of another $90,000 in taxes.

Dongsung, whose American headquarters is in Fredericksburg, Va., will manufacture drums for printers and fax machines. It plans to hire 77 employees and the average wage at the plant will be $13.61 an hour. Of the 77 workers, 46 will earn between $18,000 and $22,000 a year.

The employer will pay 95 percent of the medical-dental plan for employees and 75 percent for family members.

The plant (1110 Mary Crest Drive) will begin production in October and serve as the West Coast distribution center.

In addition, the economic development commission allowed Dongsung to reduce its business-tax levy by $15,400 over four years. And the commission allocated $19,393 for the company to train its employees.

The tax abatement and deferral program is an effort to entice new companies to Nevada and to reward other companies that expand their Nevada operations.

The commission also voted to give Dusan Equipment Corp., which is also locating in Henderson at 980 American Pacific Drive, a $40,108 break on the sales and use tax on the $800,000 in equipment purchases. It will be allowed to defer $16,007 in sales tax payments until later.

Dusan, which moved from the Silicon Valley in California, designs and manufacturers automatic molding equipment for the semiconductor industry. It is creating 17 to 30 new jobs in Southern Nevada and the average pay will be $21.15 per hour.

A company spokesman said 90 percent of the products will be exported out of the United States.

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