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Why Reno?

GROWING TECH ECOSYSTEM & FAVORABLE TAX CLIMATE

  • No corporate tax
  • No inventory tax
  • No franchise tax
  • No personal income tax
  • No inheritance tax
  • No estate tax
  • No unitary tax
  • No special intangible tax
  • Reno cost of living is 40% less than the Bay Area

DRIVE DISTANCES (Miles)

Reno-Tahoe Intl. Airport 1.2
Truckee River Walk 2
Downtown Reno 2.7
University of Nevada, Reno 5
Lake Tahoe 35
Sacramento 131
Bay Area 218

BUSINESS INCENTIVES

Sales & Use Tax Abatement
Eligible machinery and equipment; reduces tax rate to 2%

Personal Property Tax Abatement
Up to 50% for up to 10 years on personal property

Modified Business Tax (Payroll Tax Abatement)
Up to 50% for up to 4 years on quarterly payroll over $50,000 taxed at 1.475%

No State Income Tax



Reno Companies

Recently Relocated (2015 - 2019)

Tesla/Panasonic selected Northern Nevada as their location for the world’s largest Gigafactory focusing on the manufacturing of cutting edge technologically and advanced energy storage.

New Deantronics is a global medical device company founded in San Francisco in 1985. The company is breaking ground on a purposebuilt 200K SF facility for R&D and manufacturing, estimated at $40M, and will generate 200+ new jobs.

Cloud-based, digital medication adherence software for smart phones, tablets, and wearables, plus AI analytics to measure and predict real-time outcomes, engagement, and impact of medication. Their 2020 relocation will generate 300 new jobs.

Switch is the world’s largest data center at 1.2M SF. Switch has completed their construction for a total of seven buildings and 6.49M SF of high-tech data campus on 1,000 acres.


RENO-SPARKS PROMINENT EMPLOYERS

  • Amazon
  • Amerco
  • Apple
  • El Dorado Resorts
  • Google
  • IGT
  • Intuit
  • JBC Entertainment
  • JCPenney
  • Microsoft
  • NV Energy
  • Patagonia
  • Peppermill Casinos
  • S&S Activewear
  • Sierra Nevada
  • Sierra Nevada Corp.
  • StemExpress
  • Tesla
  • University of Nevada, Reno
  • Urban Outfitters

2019 RELOCATIONS

HEALTH / MEDICAL
300 new jobs
Relocated from Minnesota
TECHNOLOGY ECOSYSTEM
267 new jobs
Relocated from California
LOGISTICS / DISTRIBUTION
150 new jobs
Relocated from Massachusetts

Source: EDAWN

Reno Retail
  1 Mile 3 Miles 5 Miles

PLACE OF WORK

2020 Business 1,442 8,216 12,336
2020 Employees 21,892 122,662 176,879

POPULATION

2021 Population - Current Year Estimate 26,309 111,898 230,007
2026 Population - 5-Year Projection 31,296 119,927 245,094
2010 Population - Census 22,992 102,655 209,448

HOUSEHOLD INCOME

Average Household Income (2021) $39,626 $48,234 $54,855
Average Household Income (2026) $46,119 $54,290 $61,593

DAYTIME POPULATION

2020 Daytime Population 31,885 162,587 277,208

HOUSING UNITS

2021 Housing Units 12,172 54,752 106,529