Greater Reno-Tahoe Fact Sheet
Regional Summary
Greater Reno-Tahoe, once known primarily for its gaming history, has transitioned into a more diverse economy in recent years. Emerging industries include clean energy technology and software, which are helping to attract a younger and more educated population, as well as entrepreneurial companies.
The Economic Development Authority of Western Nevada (EDAWN) is the private/public partnership committed to recruiting and expanding these companies in the region, which includes Carson City, Douglas, Lyon, Mineral, Pershing, Storey and Washoe Counties.
Quick Facts
- Reno-Sparks Metro Population: 413,195 (2007)
- Average home value: $370,000
- Per capita personal income: $41,749
- Job growth: 1.3 percent (2007)
- Unemployment rate: 4.8 percent (2007)
Target Industries
- Advanced Logistics
- Advanced Manufacturing
- Business/Financial Services
- Clean Energy Technology
- Life Sciences
- Software
Pro-Business Tax Climate
- No State Corporate Income Tax
- No Personal Income Tax
- No Franchise Tax
- No Unitary Tax
- No Estate or Gift Tax
- No Inheritance Tax
- No Inventory Tax
Top Fortune 100 Companies Doing Business in Greater Reno-Tahoe
- Wal-Mart
- General Motors
- General Electric
- Citigroup
- Bank of America
- Cardinal Health
- Morgan Stanley
- Merrill Lynch
Major “Local” Target Industry Employers
- Altair Nanotechnologies
- Cisco Systems
- Delphi
- International Game Technology (IGT)
- Microsoft Licensing, GP
- Ormat Technologies
- Patagonia
- Sierra Pacific
Leading Research Institutions
- Desert Research Institution
- University of Nevada, Reno
Quality of Life
- 300 days of sunshine per year
- Average temperature of the region: 67.4 degrees (high) and 33.2 degrees (low)
- Air quality index: 81.9 percent
- Average commute time: 15.6 minutes
- 6 percent of population walk or bike to work
- Largest concentration of ski resorts in North America are all within a fifty-mile radius
Major Transportation Hub
- Reno-Tahoe International Airport
Proximity to Major Western Metros (by air)
- Denver, CO: 2 hours
- Las Vegas, NV: 1 hour
- Los Angeles, CA: 1 hour, 30 minutes
- Phoenix, AZ: 1 hour, 45 minutes
- Portland, OR: 1 hour, 30 minutes
- San Francisco, CA: 1 hour
- Salt Lake City, UT: 1 hour, 30 minutes
- Seattle, WA: 1 hour, 50 minutes
