RENO, NV - Another tech company has announced it is moving its headquarters to Reno. With it comes plans to bring about 400 high-paying jobs. The business has the potential to bring some pretty significant advancements to downtown Reno.
Clear Capital is planning to make downtown Reno its headquarters by March. It will initially bring 150 jobs, but within 5 years there will be 400 jobs, all of which are high paying.
"Today's announcement proves that our momentum from the economic development success of 2014 is rolling right into 2015," said Governor Sandoval.
Clear Capital is a tech and real estate valuation company making the move from Truckee to Reno.
"We value between 60,000 and 100,000 homes by visiting those homes every month. We run analytics and risk tools and quality control tools on hundreds of thousands of appraisals and valuations every month," said Kevin Marshall, President of Clear Capital.
Essentially, they give banks local market knowledge on their bank-owned properties. They do it all across the nation, so why have they decided to base their headquarters in Reno?
"This is in essence what we are trying to attract here. A cutting-edge company who pays great wages and puts Nevada and Reno on the ground floor of the next big thing," said Governor Sandoval.
The company is a good fit for Reno, but also Reno is a good fit for the company. Employees are more likely to have a better quality of life in Reno.
"Just imagine someone getting paid $65,000 or more in Reno; that can go a lot further than someone getting paid $65,000 in California," said Mike Kazmierski, CEO of the Economic Development Authority of Western Nevada.
The company plans to have its headquarters here in two months. They'll bring the better part of 125 employees with them when they come, but after that they're planning to hire from within the area. The University of Nevada, Reno will be a major source of talent.
"We will be heavily recruiting, especially come May and June, when the university starts graduating students so we do hope to recruit a lot of full time and part times jobs here in the community," said Marshall.