A human tissue processing company chose Las Vegas as the place to open its first United States operation.
Headquartered in Sydney, Australia, Tissue Life is a biomedical device manufacturer. The company processes human tissue — donated after death by next-of-kin — and then distributes the tissue to medical device companies and to hospitals and surgeons for tissue transplants.
The global orthopedic devices market is set to exceed $53 billion by 2024, according to Global Market Insights research.
Tissue Life plans to hire 16 new employees in its first two years of operations, at an average hourly wage of $40.26. The company leased a 21,614 square foot facility in Las Vegas, on the corner of South Eastern Avenue and East Sunset Road, and make a capital investment of $5,000,000 in equipment.
The Governor’s Office of Economic Development on Tuesday approved about $221,386 in tax abatements to Tissue Life. The company is estimated to generate more than $17.1 million in new tax revenue over 10 years.
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