Friday, November 16, 2012

IBM Grant

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 community

Written By:  Ray Tuntland | Investment Services Group

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