Economic Market Overview

RENO KEY INDUSTRIES & GROWTH

% increase 2010-2018

39%

Aerospace & Defense

42.7%

Health & Medical Research

57.5%

Information & Technology

72.7%

Manufacturing & Logistics

122.6%

Natural Resources Technology

BUSINESS FRIENDLY ENVIRONMENT

Reno-Sparks metro is an emerging tech hub where population and job growth have outpaced all projections. Reno has a tremendous amount of synergistic momentum due to the state’s attractive tax structure and business-friendly environment.

2.70%

Unemployment Rate

465,735

Total Population

$385,640

Median Home Value

The Tax Climate Index comparison to neighboring states is significant

2ND

Nevada

48TH

California

27TH

Arizona

21ST

Idaho

13TH

Oregon

10TH

Utah

QUALITY OF LIFE

300

Sunny Days Per Year

50

Golf Courses

1 hour

to Lake Tahoe

2 hours

to Sacramento

4 hours

to San Francisco

Tier 1

UNR’s Schools of Medicine,
Engineering & Business

+2,000 Flights

Per Month Out of Reno-Tahoe
International Airport

7TH

Best states in 2020 State
Business Tax Climate Index

87 Parks

Abundant Opportunities for
Mountain Biking, Rock Climbing,
Hiking, and Camping

 

Reno-Sparks metro is an emerging tech hub where population and job growth have outpaced all projections. The Reno/Sparks MSA has evolved over the years and while tourism, gaming, and hospitality are still staples of the local economy, Reno is emerging as a tech hub and pioneer in new technology and clean energy. Apple’s $1.0B data center is continuing to expand and is poised to be powered 100% by renewable energy sources. Tesla’s Gigafactory $10.0B announcement opened the floodgates after Apple’s investment in the region, forging the way for Google and Switch to follow. These large announcements were also influenced by the existing presence of Intuit, Microsoft, Amazon, Ebay and others. Recently Flirty, Clear Capital, Zulily, Thrive Market, Blockchain, and Deantronics have entered the market, bringing tremendous job growth.

Projected Growth: Per the Economic Development Agency of Western Nevada (EDAWN), since Tesla’s announcement, actual population and job growth have outpaced initial projections. An additional 9,000 homes per year are needed in the region to keep up with growth (EDAWN).









Contact Us




Address:
Intersection of South Virginia Street and South McCarran Boulevard

Phone: 775-329-5181
Email: info@skypointereno.com



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