Reno Approves Tax Breaks for Apple Project

By: AP Email
By: AP Email
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.

AP

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.


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