Technology
Technology is everywhere and is a common element underlying all emerging and future industries; creating new opportunities for jobs, business and the economy. The Milken Report (2019) ranked Reno, Nevada #11 Best Performing Cities and the Reno area experienced the highest job growth from the 50 metros that were measured. Tech industry giants like Tesla, Google, Apple, Switch, and Microsoft now call the Greater Reno-Sparks-Tahoe are their home. Other tech-related companies like rfxcel, Alchemy, and Figure Technologies from Northern California landed here in recent years and have continued to grow and thrive.
The Citadel Campus from Switch on Vimeo.
Advanced Manufacturing
The manufacturing industry has been another key to the Greater Reno-Sparks-Tahoe region’s economic growth in recent years. From available and affordable industrial space, lower workman’s comp costs, right-to-work laws, and a central location in the Western U.S. markets, this is an ideal place to grow your business. The New Industrial Revolution is clearly changing manufacturing in a big way and the impact of technology used in advanced manufacturing applications is rapidly changing processes, product development, and sources of energy.
Distribution, Logistics & E-Commerce
With an expansive network of transportation services, warehousing, and fulfillment outsourcing, businesses large and small establish themselves in Greater Reno-Sparks-Tahoe to take advantage of these services and gain quick, affordable access to the 11 western states that include over 60 million customers reachable in one day’s truck drive. Air cargo options (UPS, FedEx, and DHL) from Reno-Tahoe International Airport provide daily service and two of the largest railroads (Union Pacific and Burlington Northern Santa Fe) provide an international gateway to Mexico and Canada.
Back Office, Office Support
A strong back office operation provides critical functions in every company. Services such as data processing, accounting, payroll, human resources, IT services, regulatory compliance, and cybersecurity are just a few of the operations and are centered around optimizing processes, improve efficiencies, reduce costs and mitigate potential areas of risk. Intuit, Alchemy/Workday and Think Stack are just a few of the companies located here in the Reno-Sparks-Tahoe area.
Renewable Energy
Renewable energy is an important and integral part of the energy industry in Nevada. Some of the mainstream energy technology companies in Nevada include, geothermal, solar, biofuels, wind, and hydropower. Companies like Ormat, a recognized leader in geothermal energy and Fulcrum Sierra Biofuels is building a facility in Storey County that will generate transportation fuel from MSW. The growth of electric-powered vehicles and mobile phones has spurred the lithium (li-ion) battery advancements of energy storage continues to move at a rapid pace; Panasonic and Dragonfly Energy both manufacturers and of li-ion battery technology are located here in the Reno-Sparks-Tahoe area.
Financial Services
Financial services and transactions have evolved dramatically to look nothing like the traditional “brick and mortar” banks or loan office services of past generations. Innovations in mobile banking, artificial intelligence (AI) and blockchain are transforming the financial services sector. Financial technology “fintech” refers to technology employed at the back-end system of institutions and many recent online financial services are disrupting how finances, real estate valuations, loans and more are conducted. Clear Capital, Figure Technologies, Uplift and Red Dot Management are just a few of the fintech companies that have relocated to the Reno-Sparks-Tahoe region in recent years.
Aerospace & Defense
The aerospace and defense industry in Northern Nevada is home to a number of private and public sector businesses at the leading edge of research and technology, including almost 70 years in aerospace flight testing. Names like “Dream Chaser®” and “International Space Station” have significant ties to our region. Nevada was also chosen in 2014 by the Federal Aviation Administration as a national test site for unmanned autonomous systems (UAS) and is conducting research vital to safe and efficient integration of UAS into the U.S. aviation system. The state has a long history of research and development technologies for defense applications and is also home to Air Force, Army, Navy, and National Guard stations.
Health and Medical
The health and medical industries include a wide range of medical related goods and services, a new generation of patient care delivery, and pharmaceutical testing. It is undergoing incredible expansion and is closely connected to technology and biotechnology development. Charles River Laboratories located in Reno is dedicated to developing safe and effective therapies and newcomers like Grand Rounds, MOBE, DayaMed and Presidio Medical are now located here in the Greater Reno-Tahoe-Sparks.