August 21, 2014
RENO, Nev. (AP) - The Reno City Council has unanimously approved
tax breaks to coax Apple Inc. to open two facilities in northern
Nevada as part of a $1 billion investment over 10 years.
Reno officials agreed to the city's portion of a deal that
includes $89 million in county, city and state tax abatements.
Analysts say that's a 79 percent reduction in Apple's tax burden.
Apple says it will build a 350-acre data center east of Sparks
to house servers for its cloud computing service. It also plans a
business and purchasing center in Reno's Tessera District, a
blighted area on the northeastern side of downtown.
Analysts predict the project will create about 500 temporary
construction jobs and, once completed, generate $343 million in
economic activity over the next decade.
Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.