Business and Economy

Fawning Over Faraday

Dec 17, 2015
Faraday Future

State officials spent Thursday trying to sell lawmakers on a bill that would lure electric carmaker Faraday Future to southern Nevada with more than $200 million in tax incentives. Reno Public Radio’s Julia Ritchey is in Carson City and has more.

Lawmakers spent last night studying two bills aimed at sealing the deal with Faraday, which is planning a $1 billion plant to recession-battered North Las Vegas.

Las Vegas Sands Corporation

The owner of the Las Vegas Review-Journal was revealed Wednesday as casino magnate Sheldon Adelson. The news came after widespread complaints about the paper's lack of transparency in not initially disclosing its ownership.

Adelson bought the organization for $140 million as print media revenue and circulation continue to decline, but why?

David Folkenflik, NPR's Media Correspondent, talked to our public radio partner KNPR in Las Vegas, noting that the purchase wasn't about turning a profit.

Faraday Talks Get Underway In Special Session

Dec 16, 2015
Alexa Ard

Nevada lawmakers will soon decide whether to grant extensive tax breaks for electric car company Faraday Future, which is planning a $1 billion factory near Las Vegas. Their special session kicked off Wednesday night and comes just a year after rival carmaker Tesla was lured to the state with its own lucrative incentives. 

Reno Public Radio's Julia Ritchey is in Carson City and tells us that many legislators have serious questions about the deal.

In the next two decades, the City of Sparks is expected to grow from about 93,000 residents to 120,000, which makes it a really good time to update the city's master plan. Reno Public Radio's Michelle Bliss has the details.

The master plan will shape a uniform vision on maintaining and improving critical services like transportation, public safety, and utilities. Some components of the current plan haven't been updated in 25 years, and a lot's changed in that time

 

Faraday Future Is Coming, Special Session Needed

Dec 10, 2015
Faraday Future

Governor Brian Sandoval has announced a tentative agreement to bring Chinese-backed electric carmaker Faraday Future's $1 billion plant to North Las Vegas.

Economic development officials and Faraday executives appeared with Governor Sandoval at a press conference Thursday in Las Vegas to share the news.

Nevada lawmakers still need to meet in special session to approve the deal, which involves $335 million in tax incentives and infrastructure improvements around the Apex Industrial Park.

ThisisReno.com

Reno City Council is considering outside legal review on its franchise agreement with Waste Management. It's a messy situation right now with council members criticizing the company on multiple fronts.

There's also a lawsuit, filed by a competing company, that's in litigation now.

Alexa Ard

All this week, Reno Public Radio has been examining overcrowding in Washoe County Schools for our series Bursting At The Seams. So far, we've talked a lot about the problem; we turn now to one possible solution: a potential ballot question that would ask voters to approve tax hikes for school infrastructure.

To learn more about that uphill battle, our News Director Michelle Bliss spoke to Tray Abney. He's with the Reno-Sparks Chamber of Commerce, which sits on the local committee in charge of that ballot question. 

International Milk Bank Wins Startup Pitch Competition

Dec 6, 2015

 

A local business that aims to be the world’s largest milk bank won what’s called the InnovateHer startup pitch competition in Reno last month. 

 

InnovateHer is a national competition, sponsored by the U.S. Small Business Association, for businesses that have a meaningful impact on women and families. 

Coworking Space Caters To Beauty Industry

Dec 6, 2015

 

Co-working spaces are usually devoted to tech startups, but The Design Hub, in MidTown Reno, is different. 

 

Local graphic designer Pattie Sennert opened The Design Hub earlier this year when she realized there was a need for salon workers to have easy access to space.

“We rent space by day, week, and month to cosmo students who are just out of school, or people who are in between things, or just moved to the area and don’t know where to go yet.”

Outdoor Companies Opt Out Of Black Friday

Nov 25, 2015

The outdoor industry is increasingly bucking the Black Friday trend. We caught up with one local company to find out more.

On Black Friday, in 2011, outdoor retailer Patagonia took out a different sort of ad. Running a full page, with a photo of a Patagonia jacket, it read "Don't Buy This Jacket." The accompanying paragraph explained Patagonia's anti-consumption stance, but ironically the campaign sent the company's sales through the roof.

It also sparked something of a trend in the outdoor industry.

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