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Home > Reno Sees Future Wall Street Journal Article

Reno Sees Future Wall Street Journal Article

October 28, 2015 by lmoline Leave a Comment

RENO, Nev.—For much of the past half century, Reno moved in lock step with its glamorous big sister, Las Vegas, their fortunes rising and falling with their mainstay industry, gambling.

But Reno is now betting on a different economic future, turning its back on casino tourism as an economic driver in favor of becoming a manufacturing hub for everything from drones to car batteries.

Since 2011, the “Biggest Little City in the World” has recruited about 100 companies to locate or expand here with more than 10,000 new jobs—many cajoled by a former West Point cadet who instilled military discipline into Reno’s economic-development office.

He had a hand from a cowboy-hat-clad brothel owner turned civic booster, who was a pivotal player in persuading electric-car maker Tesla Motors Inc. to build its coveted $5 billion “Gigafactory” here.

Reno landed the Tesla deal in no small part because of a $1.3 billion tax-break package signed by Nevada Gov. Brian Sandoval. Critics saw the tax break, the state’s largest ever and among the biggest such enticements nationally, as a giveaway of public funds.

READ THE ENTIRE ARTICLE BY CLICKING BELOW

https://www.wsj.com/articles/reno-sees-future-and-it-isnt-casinos-1445642382

Filed Under: Northern Nevada Business News, Northern Nevada Real Estate News

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Laura Moline

Laura Moline is a multi-award winning Realtor with RE/MAX Realty Affiliates – Gardnerville, and is proud to serve Northern Nevada, including the Reno-Tahoe area, Carson City, Gardnerville, and Minden. Laura has consistently been recognized as a standout in her field, and was named the 2015 top-producing agent in Nevada and the Southwest Region. Due to her 20 years of experience in the Real Estate market, Laura has a unique understanding of the challenges and frustrations inherent to the home buying and selling experience. Laura’s intuitive ability to understand her clients’ needs ensures that they will finish every transaction completely satisfied by not only the outcome, but by the process as well.
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