Reno: Economy Major Industries and Commercial Activity, Incentive ProgramsNew and Existing Companies
Application for all incentives must be made to the Nevada State Commission on Economic Development. A large thoroughfare called “Sturgis Street” will serve as a centerpiece for guests to enjoy specialty retail shops, dining options and entertainment. Additional amenities will include RV parking, a mini gas station and a general store. The development plans include a barn-themed casino called “Woody’s Barn,” a 200-room luxury hotel, a 10,000-seat amphitheater, and a three-level Honky Tonk bar.
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For example, Ignition Casino offers 50 table games, while El Royale Casino provides a staggering 130 table games. The city of Reno is rolling with economic development in the downtown area and the local government actively creates plans to ensure progress continues. One example is the $65 million, 118,000-square-foot Reno Events Center whose debut in late 2005 will broaden Reno’s already prosperous appeal as a convention draw. Also critical to the success of the area is a long-anticipated plan to build depressed railroad tracks, named ReTRAC, to facilitate travel. Discussed for many decades, the construction, scheduled for completion in early 2006, is estimated to have an overall $360 million economic impact.
There are strong opinions on each side of the issue – with those that vocally support it, and those that vehemently detest the very notion of gambling in the Branson area. Because a majority of tax revenues in Nevada are generated from the tourism and gaming industries, Nevada’s tax burden is one of the lightest in the nation. Nevada is one of only seven states without a personal income tax and one of only three without a corporate income tax.
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Recognizing your entitlement to prompt access to your winnings, we endorse casinos known for their fast and dependable withdrawal processes. You can trust that the casinos we recommend are committed to timely payouts. The state’s Gaming Commission says it hopes to finally award up to three downstate licenses in December. But before then, community advisory committees appointed by lawmakers and local officials will weigh community opinions of each plan.
