Tuesday, June 26, 2012

Apple To Make Major Investment In Reno Area

Apparently, Apple Computers are getting tired of doing business in California and will instead make a major investment in the Reno area.
From the LVRJ: Computer giant Apple wants to open facilities in Sparks and Reno as part of a proposed $1 billion investment in northern Nevada over the next decade.
The Reno Gazette-Journal reports that local officials are in the process of approving an incentive package that includes $89 million in county, city and state tax abatements. Analysts say that's a 79 percent reduction in the company's tax burden.
Steve Hill of the Nevada Office on Economic Development said the tax breaks are critical for Nevada to compete with other potential Apple sites, including sales tax-free Oregon.
The project would include a data center east of Sparks to house Apple's cloud computing service, and a business and purchasing center in downtown Reno.
Hill says approvals could take a month, and construction could begin as early as August.
 http://www.lvrj.com/business/xyx-xy-xy-xy-160462995.html
Even though the story did not mention Gov. Brian Sandoval, I am sure he played a major part in getting Apple to invest here.
And now that Apple is coming here to Nevada, I hope other California companies will find out it is much better doing business in Nevada than California and more companies will start doing business in Nevada.

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