Business and Economy

Alexa Ard

In the past, innovation often took place in isolated, suburban office parks where businesses could keep their "secrets secret." That's according to Jennifer Vey, a fellow for the Brookings Institution who studies the revitalization of urban areas and metropolitan economies.

Yevo International, the sister company to Nutrient Foods

A research and manufacturing company called Nutrient Foods is moving its headquarters to Reno, adding 300 jobs to the region. The company, based in New Jersey now, makes nutrient-dense meals as an alternative to processed foods, which can contain empty calories with little nutritional value.

Bryan McArdle is with the Economic Development Authority of Western Nevada, or EDAWN.

SolarCity

Nevada is leading the nation in solar industry job growth. A new report from a nonprofit called the Solar Foundation says Nevada has the most solar jobs per-capita nationwide.

Just last year, the state added 3,500 jobs in that field, and a lot of those employees work for SolarCity in Southern Nevada. They've hired a thousand new workers since last spring.

Reno's MidTown District: One Young Bar Owner's Story

Feb 13, 2015
Alexa Ard

When KJ Flippen took over as the owner of the Zephyr Bar in 2011, it was in his words, "a dive." Today, it's a thriving lounge located in the heart of MidTown. Flippen talks with Reno Public Radio's Esther Ciammachilli about the Z-Bar's transformation and what it's like to be a young entrepreneur.
 

Alexa Ard

Tech entrepreneurs are calling a stretch of First Street in downtown Reno Startup Row. Nate Pearson is one of them. His company TrainerRoad makes an app to help cyclists train for races. Reno Public Radio’s Michelle Bliss caught up with him for our series on local small business leaders.

Neal Cobb

As Reno has changed over the decades, so have the small businesses that set up shop here. No one knows this better than local historian Alicia Barber. 

Photo by Alexa Ard

Women-owned businesses in Nevada are growing faster in number and employment than other companies, according to a  2013 American Express studyJimmy Beans Wool started as a small yarn business in 2002 by knitting enthusiast Laura Zander. Last year, the company’s revenue exceeded $8 million.  Reno Public Radio’s Anh Gray talks with Zander.

Photo by Alexa Ard

Tesla and other big companies get most of the attention in Northern Nevada, but, actually, small business accounts for more than 40 percent of the state’s employment. Reno Chef Mark Estee, who owns Campo and the newly opened Provisions, is one of those job creators.  Reno Public Radio's Anh Gray sat down with Estee to learn more.

People in Washoe County who struggle to get around town could have an even harder time if bus routes are cut, which could happen if the transportation commission can't find more money. Reno Public Radio's Michelle Bliss reports.

Mark Tadder lives just a quick walk from a bus stop in northwest Reno, and that’s no accident.

“I started riding the bus in earnest about a year ago when my vision failed and I wasn’t really able to walk so much and get around that way.”

TahoeReno.com

Earlier this year, Tesla Motors chose Northern Nevada for its battery factory in exchange for a huge incentives package. It's a bounty for communities there that, until recently, have seen years of slow economic recovery. Will Stone of Reno Public Radio reported for NPR's Morning Edition on the impact of this factory.

When Lance Gilman talks Tesla, it can feel like a return to the days of the Gold Rush, silver mining and pioneers.

"The new Comstock Lode is sitting right in front of us right now. There is going to be tremendous financial growth."

The number of jobs in Nevada could return to pre-recession levels by the end of 2017. That's the latest prediction from the state's chief economist Bill Anderson. Reno Public Radio's Michelle Bliss has the details.

During the recession, Nevada lost 175,000 of its nearly 1.3 million jobs. Bill Anderson, chief economist for the state's Department of Employment, Training, and Rehabilitation, says Nevada has been slowly rebuilding its labor force over the past four years.

EDAWN

At a town hall event last week, one economic development expert in Reno said the region could see up to 50,000 new jobs in the next several years, largely thanks to Tesla. Reno Public Radio's Michelle Bliss has the details on that hefty projection.

Long-term trends show Nevada's housing market is recovering from the recession, but one economic analyst says that what the market really needs now is some stability over the next few years. Reno Public Radio's Michelle Bliss reports that's not likely with Tesla preparing to set up shop.

Housing prices and new construction have been up across the state, but Jeremy Aguero, with the economic research firm Applied Analysis, says Nevada's housing market could really use a brief respite.

The Reno-Sparks Convention and Visitor's Authority or RSCVA has announced it's planning a new annual event for the region celebrating the fact that blue jeans were invented in the Biggest Little City. Reno Public Radio's Michelle Bliss attended the recent press conference to learn more.

Washoe County saw its highest average daily rate for hotel rooms ever last month, and Reno Public Radio's Michelle Bliss reports that tourism experts are expecting even more dollars to come in as word about the state's Tesla "win" continues to spread.

Nevada passes huge tax breaks for Tesla

Sep 12, 2014

The Nevada legislature has passed an unprecedented package of incentives for Tesla's massive gigafactory. Reno Public Radio’s Will Stone reports the governor signed the bill late Thursday night.

NV expects huge return on its deal with Tesla

Sep 4, 2014

Nevada and Tesla Motors have made it official: the electric car maker has selected a site in Northern Nevada for its coveted battery factory. Reno Public Radio's Will Stone reports the governor revealed some of the details behind the agreement, which could generate billions of dollars for Nevada, but also requires huge tax breaks.

Tesla picks Nevada for gigafactory

Sep 3, 2014
Tesla Motors

No official world has come from Governor Brian Sandoval’s office about Tesla’s 5 billion dollar gigafactory, but all signs indicate the state and the electric carmaker may have finally reached a deal. That’s based on several reports and Sandoval’s plan to deliver a big announcement Thursday afternoon.

 

 

Tesla Motors

Nevada and four other Western states are serious contenders for Tesla Motor’s $5 billion battery plant. This week, several watchdog groups issued a public letter asking all those states to tell taxpayers what they are offering to entice the electric carmaker, which is asking for about $500 million in tax breaks and incentives.

Bob Fulkerson is with one of the advocacy groups, Progressive Leadership Alliance of Nevada. He says the letter makes several demands of the state governments involved in negotiations with Tesla:

Ashima Devices

A drone manufacturing company is moving its headquarters to Reno, bringing about 400 new jobs to the area over the next two years. Reno Public Radio's Michelle Bliss has the details.

Ashima Devices is relocating from Pasadena and setting up shop at the Reno-Stead Airport where the company will be researching, testing, and building unmanned aerial vehicles or UAVs. The company makes drones to help law enforcement, fire, and emergency crews gain situational awareness.

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