Business and Economy

Rancharrah

The iconic Harrah family estate in south Reno, known as Rancharrah, has been sold to developers. Reno Public Radio's Michelle Bliss reports that the deal was sealed Monday after months of review.

Construction will kick off this spring for hundreds of homes, along with commercial offices and retail spaces across the sprawling Rancharrah property. 

Tesla Exec Announces Internship For Nevada Gigafactory

Oct 11, 2015
Julia Ritchey

  A top Tesla executive stopped by the University of Nevada, Reno, Sunday to talk about the future of transportation and battery technology. As Reno Public Radio's Julia Ritchey reports, the company is ramping up construction at its new gigafactory in northern Nevada.

Tesla's co-founder and Chief Technical Officer J.B. Straubel says the first employees will begin work at its gigafactory outside of Reno in just a few weeks.

"Construction here has moved extremely fast; it's part of why we wanted to be in Nevada in the first place," he says.

Nevada Tourism Campaign Aimed At Millennials

Sep 30, 2015
Sydney Martinez / Travel Nevada

Nevada is launching a fresh tourism campaign focused on attracting Millennials to the state. Reno Public Radio's Michelle Bliss has more.

The Nevada Commission on Tourism has approved a new fall and winter advertising blitz, including two commercials that will run in Nevada and neighboring states.

The spots feature travelers who make friends with a wide array of memorable Nevada characters, including bikers, famous chefs and cowboys. They close with the tagline, "Go home with more stories than souvenirs."

New Projects To Revitalize Downtown Sparks

Sep 28, 2015
Julia Ritchey

  Developers broke ground on a new multi-use development in downtown Sparks today (Monday). Reno Public Radio's Julia Ritchey was there and has more.

The mixed-used community by Silverwing Development will include more than 200 condos and 8,000 square feet of retail space in the historic Victorian Square.

The project represents a $35 million investment in downtown Sparks and has city officials, like councilwoman Julia Ratti, touting a new era for their long-neglected city center.

Switch Plans To Enhance Tech Infrastructure In Nevada

Sep 25, 2015
Switch, supernap.com

  As the Las Vegas-based company Switch expands into northern Nevada, it plans on bringing unprecedented Internet connectivity to the state. Reno Public Radio's Julia Ritchey reports.

Founded about 15 years ago, Switch is home to one of the largest data centers in the world in southern Nevada, which provides data storage and management to more than 1,000 online companies. 

Alexa Ard

  A study out this week projects significant job and population growth for the five-county region of Northern Nevada. As Reno Public Radio's Julia Ritchey reports, local governments are learning just how much demand there will be for more schools, emergency services and housing. 

The new report forecasts potential job growth of between 47,000 to 56,000 new positions over the next five years. That’s about a 4 percent increase each year, more than double the historical average.

Yerington Gets 10,000 Acres For Mining Expansion

Aug 20, 2015

The federal government completed its transfer of 10,000 acres of public land to the city of Yerington on Thursday. Reno Public Radio's Julia Ritchey reports.

The Bureau of Land Management issued the patent to Yerington for the land, which will be used for industrial, recreational and infrastructure projects.

More than half the land will be given to Nevada Copper for expansion of its Pumpkin Hollow mine.

The land transfer was approved last year as part of the National Defense Authorization Act passed by Congress.

Tesla, Now Faraday?

Aug 18, 2015
faradayfuture.com

Tesla, the electric car company, is building a massive battery factory in Northern Nevada. State lawmakers promised it some billion dollars in tax incentives to get it here.

Nevada JobConnect

Many more Nevadans are getting back to work.  That’s according to economic data released Wednesday that shows the unemployment rate in Nevada dropped to its lowest level in seven years. Reno Public Radio’s Anh Gray reports.

The unemployment rate fell to 6.9 percent in June. State economist Bill Anderson says it’s the first time since the height of the recession that the state’s unemployment rate has dipped below seven percent, but he cautions that the number of people still not working remains high.  

Foreclosures In Nevada Up Almost 40 Percent In April

May 21, 2015

Foreclosures in Nevada jumped nearly 40 percent last month, making the state second in the nation for the highest residential foreclosure rate. 

The real estate analytics company RealtyTrac reported yesterday (Wednesday) that one in every 555 Nevada residential properties was subject to a foreclosure filing in April, behind only Florida

Nevada saw 893 foreclosure starts, 681 notices of pending trustee sales and 548 repossessions.

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