In another significant sign
that Reno’s “high tech” makeover is gaining traction, it was just announced
that the City of Reno is the recipient of a $400,000 grant from IBM to promote
economic growth in the area’s burgeoning tech sector.The grant, part of IBM’s three-year, $50
million Smarter Cities program will be used to create a partnership between the
City, the University of Nevada, Reno and the Desert Research Institute with the
goal of attracting tech based firms and more importantly, high paying, high
skilled jobs the Truckee Meadows.IBM
will also be sending a team of its experts to Reno to assist in the development
of the team and implementation of this strategy.Earlier this year Apple announced $1 billion
in investment in the area in the form of a data center east of Sparks and a
business center downtown, the development of both are firmly underway.IBM’s recognition and grant further
solidifies Reno’s evolution towards being a cutting edge, diverse and thriving
Written By: Ray Tuntland | Investment Services Group
The pending election has been the excuse for many delays in tenant expansion, movement and investment and it continues to make an impact on the Northern Nevada office market. The Apple announcement continues to be a topic of economic development conversation. In further, the region strives to become a tertiary hub for continued data center activity. Secondly, the call center trend of over a decade ago is back in swing. With the announcement of two new service support centers, one being One Contact Inc., headquartered in Toronto, taking foot in the region to take advantage of the available work force and near plug and play office space.
And, organically, Mid-Town continues to progress and attract small retailers and professional services firms to downtown. New vertical construction has commenced on the Thoma & S. Virginia Street site and Marmot Properties continues to transform their 2 block residential assemblage in the immediate area. This continued redevelopment and successful push in the downtown food and beverage landscape, has had a positive effect in attracting more tenants to the CBD.