Strong Economy, Great Progressive Thinking... Why Reno Nevada is the BEST Place for you to live and invest in.
As you might already know, Elon Musk has planted his roots in a big way here in this area with his GigaFactory on track to employ 6000 by the end of 2020. This has spawned quite the following of other Silicon Valley members to move here. We have the largest Industrial Park in the world, the Tahoe-Reno Industrial Center, growing in size rapidly including names like Switch, Petsmart, Tesla, Panasonic among already 160 companies leasing space.
Bloomberg has referred to Reno as "The Next Silicon Valley". With Apple, Amazon, Google and many other big names moving here to set up shop.
https://www.bloomberg.com/news/articles/2017-06-22/reno-is-starting-to-look-more-like-silicon-valley With Appreciation rates of 11% and 12% over the last few years, and construction behind on keeping up with our growth pace, the market has a zero vacancy rate and homes are flying off the shelves as soon as they are listed in some price points. Our DOM is 45 days, as a whole, but some homes are barely on the market a few hours before they get snatched up.
University of Nevada Reno (https://www.unr.edu/about) has implemented new programs partnered with Switch and Tesla to help stay ahead of the Education Needs of the World. The University of Nevada—Reno offers dozens of undergraduate degrees and master's programs, including business, education, medicine and engineering. The university also specializes in earthquake research and is home to one of the largest earthquake-simulation laboratories in the country.
Strong Government
Our local and State Government Officials are focused on the future for the Area and have done a lot of the right things to make sure we will be minimally affected by any economy downturns in the National Economy. Through Tax incentives, Culture, Renewing our Downtown and Midtown areas.
Financial Advantage
From exemptions to abatements to deferrals to the complete absence of taxes, simply operating your business in Greater Reno-Tahoe adds to your bottom line. Nevada was ranked No. 3 Most Business Friendly Tax Climate by the Tax Foundation for 2013. http://edawn.org/why-nevada/financial-advantage/
Business Advantage
Greater Reno-Sparks-Tahoe is the perfect package. A business friendly and tax friendly environment is hard to find, but add strategic operating benefits as well as unmatched quality of life, and the answer is clear. Operating Advantages include Room for new and expanding Companies with over 72 million square feet of industrial space, Diverse Labor Market, Entrepreneurial services and support, and a wide range os financial resources. Tax Advantages include no corporate income tax, no personal income tax, no franchise tax, no unitary tax, no inventory tax, no inheritance tax and no estate tax. The Quality of Life is unmatched with affordable living costs, emerging new downtown, strong sense of community, four seasons, endless recreation opportunities, burgeoning arts and culture lifestyle, and a balanced life pace. http://edawn.org/why-nevada/business-advantage/
Arts & Culture
Museums, orchestra’s, theaters and a month-long art and music festival? All the culture you need can be found in Greater Reno-Sparks-Tahoe. Artown, Burning Man, Lake Tahoe Shakespeare Festival are a few among many parts of what makes Reno’s Arts and Culture so amazing. http://edawn.org/live-play/arts-and-culture/
Recreation & Entertainment
In a 24 hour town at the base of the beautiful Sierra Mountains, opportunities for recreation and entertainment abound. Go skiing, golfing or hiking during the day, then enjoy a show, concert or a pub crawl when the sun goes down. In Greater Reno-Sparks-Tahoe you really can burn the candle from both ends! We have annual events known to many like the Rib CookOff, Hot August Nights, Street Vibrations, and Burning Man is only a short drive away. http://edawn.org/live-play/rec-and-entertainment/
Education
Quality education is a key consideration as you consider moving your business, and your family, to Northern Nevada. http://edawn.org/live-play/education/
Shopping & Dining
Greater Reno-Sparks-Tahoe has the perfect mix of big and small… I guess that’s why they call us the Biggest Little City! From the Riverwalk District to Midtown to Victorian Avenue to Cal Ave, there are endless possibilities and a variety of options for food and shopping. http://edawn.org/live-play/shopping-and-dining/
As an investor myself, the Investors' Group I run has allowed for me to stay connected with other investors on a regular basis and stay in touch with what investors are looking for. I am also a part of a local 1031 Exchange group who likes to think outside the box for investing and helping other investors do the same. https://www.meetup.com/Reno-Real-Estate-Investors/
As business is moving in by the droves, the home market is alive and keeping us all busy out here.
Please keep my team of experts in mind for your clients relocating here or otherwise wanting to invest. We'd love to help! Contact us at 775-846-0349 or ginger.marphis@gmail.com. You can also reach us by registering at RenoHouseFinder.com.
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