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Economics





University of Nevada
Mackey School of Mines

Continued education ensures
the quality and perseverance
of the mining industry in
Nevada.
You'd think with an unsurpassed quality of life, a small-town friendliness, a moderate climate, and having been rated "number one for outdoor recreation" by Rand McNally, that was the end of the region's attributes. Hold on. With our cost of living, located in one of the fastest growing areas in the country, Reno,Sparks and Lake Tahoe also offers an economically sound setting.

The tax climate is pro-business and critical to a corporation's profit potential. Nevada's tax structure is designed to be less burdensome to both business and its employees. Nevada has no corporate, personal, unitary, inventory or franchise taxes. Coupled with the area's reasonable property and sales tax rates, it becomes clear why Reno/Sparks/Tahoe is a desirable place to live and work. Add to that a litany of other attributes including, accessibility to western markets, a major transportation hub, an abundance of available industrial/office/commercial space, and an advanced telecommunications infrastructure.

Just a few of the companies who have joined these communities over the past few years include "new media" giants Microsoft, Intuit, Amazon.com, as well as Michelin North America, Kal Kan, and John Deere and Company. All have chosen to expand or move into this region, joining the likes of longstanding corporate residents Ralston Foods, International Game Technology and General Motors.

The present population of Reno is over 150,000, with more than 60,000 in nearby Sparks. Gaming and tourism has long dominated the area's economy. The business economy has strengthened and diversified in recent years with an influx of jobs associated with product distribution facilities and manufacturing. This trend is expected to continue.

The business community also calls on the tremendous resources of the University of Nevada, Reno (UNR) and Truckee Meadows Community College (TMCC). All major fields of study and many advanced degree programs are provided at UNR, a fully accredited state university. TMCC offers numerous training programs and customizes programs for individual businesses.

The Reno/Tahoe region enjoys an average of more than 300 sunny days a year, over 18 world-class ski resorts, 50 beautiful golf courses, all within 90 minutes of the Reno area, a diverse arts and cultural community, an endless array of outdoor recreation, and a variety of entertainment ... Just some of the reasons the area's quality of life can't be beat.

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