Nevada's No Gamble for High-Tech Investors (cover) Nevada High-Tech Grew 24 Percent in 2000 Request Information
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Nevada High-Tech
Grew 24 Percent in 2000 Nevada officials have been quietly touting low taxes and available power to California high tech companies. According to the Economic Development Authority of Western Nevada (EDAWN), the number of high-tech firms locating in Northern Nevada increased 24 percent in 2000. California transplants are attracted to the Silver State's quality of life and low cost of living. "Reno is a great location for us," says King. "It's a short flight to our corporate headquarters in the Bay Area. The people we've hired are thrilled to be here simply because of the great lifestyle Reno offers." ![]() E-Commerce firm IGo Corporation is headquartered in the South Meadows Business Park in Reno.
Nevada has no state income tax, no inventory tax and no unitary tax, making it an unbeatable spot for site selectors. In October of 2001, Ford Credit opened its regional service center in Henderson. The 110,000-sq.-ft. (10,219- sq.-m.) center will handle all the phases of loan service, from loan origination to accounting and customer service. Ford officials expect to employ 550 to 600 workers at the site, which will handle 16 Ford Credit branches in 12 states. Company officials cited lower taxes and business costs as well as an available labor force as the reasons for selecting Henderson. Ford handles $160 billion in loans. "So we're on a roll and coming here to Las Vegas, and Henderson just furthers that roll," says A.J. Wagner, vice president of Ford's Western Operations.
Photo courtesy of IGo Corp. Economic development officials in Las Vegas and Henderson hope the dry arid desert can bloom into a Silicon Oasis. "We really foresee a future in Nevada for technology," says Nevada Development Authority President Somer Hollingsworth. The effort to lure high-tech may indeed be paying off. DirecTV, a division of Hughes Electronics, is looking at a site near Henderson. The firm is expected to launch a network project, Spaceway, which would beam signals from headquarters to a satellite and send them back down to North American Internet users. The system would provide high-speed Internet access. Henderson officials claim the project may locate in Wagonwheel Industrial Park. "That's because all the water, sewer, natural gas and fiber optics are all in place already," says Bob Cooper, Henderson's Economic Development Manager.
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