Business + Economy

Business + Economy
10:36 am
Wed November 26, 2014

EDAWN says region could see 50K new jobs in next five years

Mike Kazmierski is president of EDAWN, the Economic Development Authority of Western Nevada.
Credit 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.

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Business + Economy
3:03 pm
Wed November 12, 2014

Experts say housing prices could spike with influx of Tesla workers

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.

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Business + Economy
1:48 pm
Fri October 3, 2014

New annual event will celebrate Reno as birthplace of blue jeans

Chris Baum with the RSCVA says the organization's forthcoming Blue Genes Jam will recognize Reno as the birthplace of blue jeans.

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.

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Business + Economy
1:54 pm
Tue September 30, 2014

Reno tourism officials have high hopes in wake of Tesla

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.

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Business + Economy
10:12 am
Fri September 12, 2014

Nevada passes huge tax breaks for Tesla

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.

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Business + Economy
2:56 pm
Thu September 4, 2014

NV expects huge return on its deal with Tesla

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.

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Business + Economy
3:05 pm
Wed September 3, 2014

Tesla picks Nevada for gigafactory

Credit 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.

 

 

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Business + Economy
4:14 pm
Thu August 28, 2014

Watchdog groups demand transparency on Tesla incentives

Credit 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:

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Business + Economy
10:31 am
Wed August 27, 2014

Drone company will bring 400 jobs to Reno

The Falcon drone designed by Ashima Devices. The company makes unmanned aerial vehicles (UAVs) to help first responders gain situational awareness when they arrive on scene in an emergency situation, like a wildfire.
Credit 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.

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Business + Economy
5:37 pm
Mon August 18, 2014

Reid: Tesla using gigafactory like a "carrot on a stick"

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.” 

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