Apple proposing $1B investment in Reno area
RENO, Nev. (AP) -- Computer giant Apple wants to open facilities in Sparks and Reno as part of a proposed $1 billion investment in northern Nevada over the next decade.
The Reno Gazette-Journal reports the deal public officials are reviewing Tuesday and Wednesday includes $89 million in county, city and state tax abatements. Analysts say that's a 79 percent reduction in the company's tax burden.
Steve Hill of the Nevada Office on Economic Development says the tax breaks are critical for Nevada to compete with other potential Apple sites, including sales tax-free Oregon.
The project would include a data center east of Sparks to house Apple's cloud computing service, and a business and purchasing center in downtown Reno.
Hill says approvals could take a month, and construction could begin as early as August.
Information from: Reno Gazette-Journal, http://www.rgj.com