Reno Lures Apple With Tax Breaks
RENO, Nev. (AP) — The Reno City Council is considering tax breaks meant to coax computer giant Apple to open two facilities in northern Nevada.
Councilmembers were set to discuss a proposal Wednesday that would have Apple investing $1 billion in the region over ten years.
The deal includes $89 million in county, city and state tax abatements. Analysts say that’s a 79 percent reduction in the company’s tax burden.
Washoe County commissioners signed off on their end of the bargain Tuesday.
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.
Apple is proposing a data center east of Sparks to house its cloud computing service, and a business and purchasing center in downtown Reno.