Tensorwave establishes headquarters in Las Vegas creating 60 high-tech jobs

The Nevada Governor's Office of Economic Development (GOED) held a board meeting on May 8, 2025, where significant discussions centered on new business developments and job creation in the state.

One of the key highlights was the introduction of TensorWave, a tech company seeking approval for a tax abatement package. TensorWave plans to invest $1 million in capital equipment and aims to create 60 new jobs within the next two years, offering an average wage of $58 per hour. The company specializes in high-performance data centers that support advanced artificial intelligence workloads, positioning itself as a critical player in the growing tech ecosystem in Nevada.

Peter Tzmaszek, co-founder and COO of TensorWave, expressed gratitude for the board's consideration of their application, emphasizing the importance of the tax incentives for their growth. He noted that the company has already established strong community ties with local institutions, including UNLV, and is committed to fostering local talent.

In addition to TensorWave, the meeting featured discussions about NeuroGum, a company currently operating in a 12,000 square foot distribution space in Las Vegas. They are exploring options for expansion due to rapid growth and interest from larger tech partners.

The board also addressed the appointment of directors for the Nevada Battle Born Growth initiative, which aims to support small business growth through federal grants. This initiative reflects the state's ongoing commitment to fostering economic development and job creation.

Overall, the meeting underscored Nevada's strategic focus on attracting innovative companies and enhancing its workforce, with plans for future collaborations between businesses and educational institutions to further strengthen the local economy.