Market Data

WHY RENO?

Regarding Tesla’s decision to build a Gigafactory near Reno: “This is not just about incentives. [Nevada is a] really get things done state. That was a really important part of the decision.”

Elon Musk, CEO, Tesla Motors

“Reno plays an incredibly important role in the products and services that we provide our customers worldwide. Without the data center here, none of this would be possible. We’ve invested $1.6 billion in the region today and over the course of the next six years, we intend to invest an additional $1 billion.”

Tim Cook, Tech Company CEO

“In February of 2017, the Las Vegas-based Switch has opened the largest data center in the world, next to Tesla Inc.’s battery factory in northern Nevada’s Tahoe Reno Industrial Center. Covering 1.3 million square feet, the facility fulfills the vision of Switch founder and CEO Rob Roy to create the largest data center ecosystem in the world for our customers’ mission-critical workloads.”

Adam Kramer, EVP Of Strategy, SWITCH
Reno ranked among the “15 Prime Real Estate Locations Investors Need To Check Out” by Forbes for 2019
Forbes.com – Jan. 2019
Reno, Nevada #1 in job growth in 2018
Bureau of Labor Statistics – Jan. 2019
Reno the #2 market for companies relocating from California after Austin Texas
Bureau of Labor Statistics – Jan. 2019
Reno moved up 26 spots to #11 on the Milken Institute annual list of “best- performing cities.”
Venture Beat – Jan. 2019
Nevada tops nation for inbound movers in 2018
Reno Gazzette Journal – Jan. 2019
Nevada ranked #3 for year-over-year personal income growth in the U.S.
CarsonNow.org – Jan. 2019
2018 #1 LEADING MID-SIZE METRO RENO, NEVADA & 2018 #4 TOP 50 METROS
Area Development – 2018

WHO HAS MADE THE MOVE…

 

RELOCATED COMPANIES


TESLA
Tesla/Panasonic selected Northern Nevada as their location for the world’s largest Gigafactory focusing on manufacturing of cutting edge technologically advanced energy storage.
SWITCH
Switch is the world’s largest data center at 1.2 million square feet. Switch has completed their construction for a total of seven buildings and 6.49 million square feet of high tech data campus on 1,000 acres.
FIGURE TECHNOLOGIES
A financial technology company leveraging blockchain, AI and analytics to deliver products to improve the financial lives of their customers, is expanding operations to Reno, Nevada. The company plans to hire 240 employees over the next several years.
BLOCKCHAINS, LLC
In January of 2018, Blockchains, LLC – a company focused on underling technology behind cryptocurrencies such as Bitcoin-purchased 67,125 total acres east of Reno next to Tesla, Apple & Google with plans to build a “smart city” built on blockchain technology.
NEW DEANTRONICS
is a global medical device company founded in San Francisco, California in 1985. The company is breaking ground on a purpose-built 200,000 sq. ft. facility for research/development and manufacturing, estimated at $40 million, and will generate over 200 new jobs.

 

top REASONS TO MOVE TO RENO

FAVORABLE TAX STRUCTURE

LOW COST OF DOING BUSINESS

INFLUX OF NEW BUSINESSES: TESLA, SWITCH

PROXIMITY TO MAJOR MARKETS

IMPRESSIVE JOB & POPULATION GROWTH

1ST

IN METRO AREA FOR JOB GROWTH
Source: Milken Institue 2018 Best Performing
Cities List

TOP 10

RANKED STATES FOR BUSINESS

TOP STATE

FOR ECONOMIC GROWTH POTENTIAL
Business Facilities’ Magazine – 14th Annual State
Rankings Report

PROMINENT EMPLOYERS

  • DUPONT
  • EL DORADO RESORTS
  • EMPLOYERS INSURANCE
  • FED EX
  • INTERNATIONAL GAME TECHNOLOGY (IGT)
  • INTUIT
  • NV ENERGY
  • PANASONIC
  • PATAGONIA
  • RENOWN HEALTH
  • SIERRA NEVADA CORPORATION
  • SWITCH
  • TESLA
  • UNIVERSITY OF NEVADA, RENO
  • UPS
  • URBAN OUTFITTERS








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