Business and Economy

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.

Senate Majority Leader Harry Reid says he’s not getting his hopes up about Tesla Motors setting up its multi-billion dollar gigafactory in northern Nevada.  

While he’d love to see the electric car marker end up here, Reid says the Silver State may have a tough time outcompeting places with deep pockets like Texas and California.

“This has been held out here kind of like a carrot on a stick for a long time.” 

The last day to apply for setting up a medical marijuana dispensary in Nevada is Monday. Reno Public Radio's Michelle Bliss reports that so far, the paperwork is trickling in at a much slower rate than officials expected. 

Early on, the state projected that about 450 eager entrepreneurs would come forward with business plans.

Senator Dean Heller says Nevada's goal of enticing Tesla Motors to build a $5 billion battery plant near Sparks could be thwarted if voters approve the ballot initiative for a 2 percent margins tax this November.

The Republican lawmaker says he'll voice his opposition to the margins tax strongly because of how it would raise the corporate income tax. He says the initiative would hinder one of Nevada's major advantages in the race among multiple states to reel in Tesla.

Nevada is one of the top 15 most business friendly states. That’s according to a recently released national survey.

So the good news is that overall small business owners consider Nevada a business friendly place. That’s based on the annual survey done by Thumbtack.com, an online marketplace that links consumers to professional services.

Jon Lieber is an economist who worked on the survey.

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