Quote:
Originally Posted by lksteve
I managed a surveying department for an engineering firm in Reno...we had 150 employees company-wide and 70 in Reno...today, I am working for the Census Bureau in Colorado and the firm has fewer than 100 employees and the Reno office is down below 50....the ease of doing business cannot overcome the lack of an underlying foundation to the economy...my ex wife is a state employee who had to take a 20% pay cut and reduction in benefits to keep her job...the truth be told, when California sneezes, Nevada catches the flu...
Nevada has pissed away its revenues...the budget for 2009-2010 was out of whack by over a billion and the current budget is being revised downward...the state is in worse shape than Colorado and the unemployment rate is upwards of 15%...
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I get it and I concur. But many companies are still moving to Reno, from the CA bay area. I just helped, last year to move a company, Pharm/RX, medical research firm. Seems making employee average, $80K in Hayward/Oakland is not enough to rent a decent home for a professional. But by buying a house in North Reno, Sparks area, families can have a bit more room to raise a family, better schools, more ourdoor activities, and if watching a show, theatre, a quick 4 hours west is SFO, Sacramento is 2 hrs., and Lake Tahoe, 1 hrs.
Downtown Reno, unlike Vegas has remained small regarding the "Strip". It's still a small town, with Big City services, an intelligent labor force with strong work ethics.
On the Truckee River, through Reno, are old buildings being converted to condos, large parks, little traffic. GrayBar and Anixter employ hundreds, as well as Safeway, Raley's, ConAgra. Amazon book alone employs 1000+ just 30 minutes East of Reno.
Something that is common with those businesses are, (1) self-funded, (corporate growth, common stock), entrepreneurial in nature, micro-economic, a creating and exploiting niche markets. They often reward employees for creating internally programs and processes that save money and add value. Which is something the Feds, have not or can not do.
As for the unemployment rate, (15%), then offering companies incentives to move to NV should be priority number one.
But the issue for this thread was gamling, education, the Vegas Mayor, and BHO. I'm thinking H. Reid and the states economy is not making great news reading.
WD