“I am not surprised that BusinessWeek has selected Sparks as the best place to start a business,” said Sparks Mayor Geno Martini. “We have worked hard over the years to create a business climate that is desirable for entrepreneurs to prosper because we realize that their success is our success. I am delighted with the news which will help many potential startup businesses take notice of Sparks.”
According to the analysis conducted by BusinessWeek using demographic and geographic data from ZoomProspector.com, BusinessWeek searched cities across the United States with populations ranging from 20,000 to 200,000 people to compile the list. The rankings were calculated based on 11 factors to measure a city’s entrepreneurial climate, including the number of small businesses and startups, the quality of workforce, how many universities are in the community, and measures of innovation such as the number of patents issued and the amount of venture capital invested.
Based on the data, Sparks showed 3.18 startups per 1,000 people and 35 small businesses per 1,000 people which helped catapult the city to the top in Nevada. “BusinessWeek is one of the most respected business publications and this recognition should highlight the economic development efforts in Sparks,” said Anatolio Ubalde, CEO and co-founder of ZoomPropsector.com. The profile of demographic and business data for Sparks is available at http://www.zoomprospector.com/CommunityDetail.aspx?id=16945&f=1.
Local economic development officials see the national media coverage as a key tool in building awareness of the region with other startup companies that may be looking to launch their business in Greater Reno-Tahoe. “We know from research that corporate business executives learn about possible places to locate their companies from news stories and BusinessWeek is a credible news source that executives look to for the latest in business and industry trends,” said Chuck Alvey, president and CEO for the Economic Development Authority of Western Nevada (EDAWN). “The national ranking will certainly enhance our regional efforts to attract new business and jobs to the area.”
The head of Nevada’s Center for Entrepreneurship and Technology (NCET), a group that promotes entrepreneurism in Nevada, touts the ranking as good for Nevada. “Small businesses, which represent 95 percent of Nevada’s businesses have known for a long time that Nevada is one of the nation’s best places to start a business,” said Dave Archer, CEO of NCET. “Having BusinessWeek choose to recognize Sparks as being one of our great places to live and a great place to start a business benefits our entire region and state.”
About the City of Sparks: The City of Sparks is located in northwestern Nevada. Sparks (population 90,000) is in a high desert climate at an elevation of nearly 4,500 feet with four full seasons and sunshine more than 80 percent of the year. The City is most widely known as the premiere special events venue for northern Nevada, bringing thousands of visitors to the City's Victorian Square. Sparks shares the beautiful Truckee Meadows valley with its neighbor to the west, Reno, and is an hour's drive to scenic Lake Tahoe. For more information, visit www.ci.sparks.nv.us
1. Rates are at all time lows. Act now before they head back up!
2. Home prices are at 2001 or prior pricing. It's definitely A BUYER'S MARKET!
3. In many cases, sellers are willing to help with closing costs-up to 6% with loan programs.
4. Tax Credit up to $8,000 if you haven't owned a home in three years. See my other blogs and join my real estate group for valuable links and a video explaining the FTHBC. Contact me to see if you are eligible and act soon...this is a limited time offer and needs to close in a specific timeframe.
5. Owning vs Renting. Owing real estate is an investment for you and NOT your landlord!
6. Tax benefits of home ownership-talk with your tax person for advice or if you need one contact me and I will be happy to recommend a member of my team to respond to your questions.
LOAN PROGRAMS:
FHA-Fixed and Adjustable
Rural Loans-up to 102%
Rehab-finance repairs into your purchase
Jumbo loans
Manufactured-real property
VA loans
Call me today to get in touch with a qualified member of my team who can work with you and give you conditional approval so we are ready to get out there and write an offer!
Tax Advantages of Nevada Ownership
The State of Nevada offers one of the most tax and business friendly environments of any state. CPA's, tax advisors, and asset protection specialists have recognized for years the benefits of calling Nevada home!
Sixteen Reasons to become a Nevada Resident
No personal income tax
No corporate income tax
No gross receipts tax
No franchise tax
No inventory tax
No tax on issuance of corporate shares
No requirements of shareholders & directors to live in Nevada
No tax on sale or transfer of shares
No succession or inheritance with IRS
No sharing of information with IRS
Simple annual requirements
Protection for Directors and Officers
No initial or minimum capital requirements
Anonymity of owners-Total Privacy
Low property taxes
Business friendly environment
Privacy is yours in Nevada
If you have ever been audited by our friends at the IRS, you understand the expense and hassle of doing business with them. The State of Nevada is the only state in the nation that does not share information with the IRS. It has been noted by tax professionals that many audits are derived because information shared by the states with the IRS does not match up.
You privacy is further valued by the State of Nevada because they do not require a registration of stockholders. Your stockholders stay anonymous and are protected because their names do not show up on every website and list about your corporation.
"Bearer Shares" used to be a very common tool for promoting and expanding your business. In today's wired world, bureaucrats and tax agencies want to know everything about everyone so that they can ensure thorough collection of tax revenues. The advantage to Bearer Shares is that they are owned by whoever physically owns the stock/share and this information is kept between the corporation and the owner of the shares.
Assets held within a Nevada corporation are not required to be disclosed. Most states not only require disclosure of assets, they also tax you on those assets.
Lastly, your attorney can become the corporation's Officer and Director with you being the sole shareholder, thus almost ensuring complete anonymity.
Saving Money on Taxes
So you might be asking yourself, if Nevada does not tax corporate profits, or tax franchises or even tax personal income, how do they pay the bills? One word, gaming. The revenues Nevada realizes because of gaming is significant enough to fund most government operations.
Nevada also wants your business. Nevada has realized that if they are friendly to businesses, this benefits the businesses, the employees and the state. Yes there is a state that actually believes in a "Win-Win" mentality, and Nevada makes it clear that that is their intention.
How to take advantage of Nevada's tax benefits
There are two ways to reap Nevada's freedom from taxes. First is to start a corporation for your business' tax relief. Consult a Nevada CPA or legal professional for more detailed information on incorporating your business in Nevada.
As an individual, you will need to become a resident of the state. Individuals who are "domiciled" in Nevada and become Nevada residents will generally escape state taxation of their income, except for income arising from sources within another state. Again, check with your financial professional on income derived in other states. Even if part of your income has to be taxed in other states, you may still see a reduction in your overall tax liability.
Test for Residency
Various factors are considered in determining whether a taxpayer has met Nevada's residency criteria.
How long are you physically present in Nevada during the year?
Where do you have sources of income?
Where are you registered to vote?
Where do you own a house?
Where do you claim the homeowner's exemption?
Where is your driver's license issued?
Where are your closest business contacts, including clubs?
Where are your vehicles are registered?
Where your minor children attend school, and whether you paid resident or non-resident tuition.
Which state has jurisdiction in the administration of your wills and trusts?
Where have you obtained a homestead exemption?
Where do you maintain a safety deposit box(es)?
Where do you file an affidavit of domicile?
Where do you own a cemetery plot?
For additional real estate information contact Wendy at www.prurealty.com. Wendy serves the Reno/Sparks/Carson/Minden/Gardnerville/Fernley/Fallon/Galena Forest Estates/St. James Woods, Lake Tahoe Nevada: Incline Village/Cave Rock etc....Additional tax planning questions will be addressed by a qualified member of Wendy's hand-picked team of professionals.
Fortune 500 companies like Amazon.com, Microsoft, Barnes & Noble, and Intuit, among others, all operate in the Greater Reno-Tahoe area. Below is a list of Fortune 100 companies that have a significant presence in the Greater Reno-Tahoe area:
| 1 Wal-Mart | 41 Wells Fargo | 78 New York Life |
| 3 General Motors | 43 United Parcel Service | 79 American Express |
| 6 General Electric | 46 Wachovia Corp | 81 Washington Mutual |
| 8 Citigroup | 49 Microsoft | 83 Delphi |
| 9 Bank of America | 55 Caterpillar | 90 Mass Mutual |
| 19 Cardinal Health | 57 Lockheed Martin | 91 Countrywide Financial |
| 20 Morgan Stanley | 63 PepsiCo | 93 International Paper |
| 22 Merril Lynch | 65 Sysco | 94 Coca-Cola |
| 27 AT&T | 67 Johnson Controls | 95 Liberty Mutual |
| 28 Boeing | 68 FedEx | 96 Raytheon |
| 29 AmerisourceBergen | 69 Honeywell International | 98 Deere |
| 31 State Farm | 71 Alcoa | 99 Merck |
| 39 Pfizer | 77 Cisco Systems |
Source: Fortune Magazine (April 2007)
As more companies choose our area to grow or relocate, jobs are on the rise and the employment market is better than ever. The careers becoming available are some of the best that the region has ever seen.
Nevadaworks
Nevadaworks is the northern Nevada Workforce Board, which targets federal and private resources to help employers develop well trained, productive employees who meet specific skill requirements. Using a One Stop delivery method for employers and employees, Nevadaworks coordinates the efforts of all training partners to provide maximum response to employer needs.
Nevada JobConnect
JobConnect is charged with overseeing and providing workforce development services to employers and job seekers of Nevada. For employers, Nevada JobConnect offers recruiting, retention, training and retraining, and outplacement services as well as valuable information on labor law and labor market statistics. For job seekers, Nevada JobConnect offers career development information, job search resources, training programs, and, as appropriate, unemployment benefits. While targeted populations receive intensive assistance to overcome barriers to employment all Nevadans can benefit from the services offered by Nevada JobConnect and our network of workforce partners.
Train Employees Now Program (TEN)
Nevada offers a state funded, matching grant program which ensures new and existing employers have access to a skilled work force. The TEN program operates in conjunction with various state agencies and the Federal Job Training Partnership Act (JTPA). It offers up to 90 days on-the-job training in which the employer will be reimbursed up to 75% of the total eligible costs. Training is provided only for employees whose average wage is 80% of the statewide average wage. A maximum of $1,000 per employee is available for customized training.
Nevada Department of Employment, Training & Rehabilitation, Career Enhancement Program (CEP)
CEP provides services to unemployed Nevadans by placing them in training and retraining positions with employers across the state. Employers that provide opportunities for CEP clients receive financial reimbursement for training costs.
Regional Technical Institute, Edison Campus
The Regional Technical Institute (RTI) is the premier high school in the Washoe County School District for advanced Career and Technical Education programs. Eighteen advanced programs are housed at one of four RTI centers. Students attend part of the day at their regular high school campus and part of the day at RTI or can now earn a diploma from RTI. Programs at RTI are open to all WCSD students who are interested in receiving hands-on training and realistic experiences in the careers of tommorrow.TMCC's Technical Institute houses the Applied Industrial Technology programs and provides students with education and training in one or more career-oriented programs. The Institute also supplies advanced training for employed and skilled technicians and craftsman.
Programs include: Junior and Senior Academic Block; Agriculture, Plant Science, Vet Medicine; Building Trades; Computer Aided Drafting and Design; 3D Design, Imaging and Animation; Health Occupations; Sports Medicine, Emergency Medical Service; Hotel and Hospitality Management; Video and Broadcast Production Technology;Business Computer Systems; PC Servicing and Networking Fundamentals; Welding Fabrication Technology; Advanced Culinary Arts; Early Childhood Education; Machine Tool Manufacturing; and Graphic Arts.
Truckee Meadows Community College (TMCC)
A merger of TMCC's Community Services Division and the Institute for Business and Industry meets the community's personal, professional and workplace education needs. WDCE is a one-stop education outlet. The TMCC IGT Applied Technology Center provides students with education and training opportunities in industrial technologies, including automotive, construction, diesel, electronic, environmental control technology and welding.
Manufacturing Assistance Partnership (MAP)
MAP is the industrial extension program of the Nevada System of Higher Education and its partners. Its primary purpose is to work directly with Nevada companies to strengthen their global competitiveness by providing information, decision support and implementation assistance in adopting new, more advanced technologies, techniques and best business practices.Map provides: assessments and evalutions, direct consultation, employee development, specialized worker, supervisory and managerial training, technology dvelopment, business systems improvement, and field engineers
"Home means Nevada".....come on in and let me show you why we LOVE this place!
RECENT RECOMMENDATIONS:
“Wendy is a very tech savvy Realtor who understands the new and traditional tools to get the job done for clients in this internet connected world. I would highly recommend Wendy for anyone seeking to buy or sell residential real estate in the Reno/Sparks area.” March 10, 2009
Dave. Hansen , Corporate Broker , Prudential Nevada Realty
March 22, 2008:
I have purchased two condos with Wendy's services as a REALTOR and would not have found those deals without her help. I am satisfied with the research performed and with the results of the transactions and the efficiency of the paperwork. I recommend her as she puts in effort on her transactions and has good exposure on the internet. I might buy more property as the economic situation looks good for such purchases.
--
Dot Myers
Reno, NV
THE GREATER RENO-TAHOE ADVANTAGE
The State of Nevada offers one of the most tax and business friendly environments of any state. CPA's, tax advisors, and asset protection specialists have recognized for years the benefits of calling Nevada home!
Sixteen Reasons to become a Nevada Resident
No personal income tax
No corporate income tax
No gross receipts tax
No franchise tax
No inventory tax
No tax on issuance of corporate shares
No requirements of shareholders & directors to live in Nevada
No tax on sale or transfer of shares
No succession or inheritance with IRS
No sharing of information with IRS
Simple annual requirements
Protection for Directors and Officers
No initial or minimum capital requirements
Anonymity of owners-Total Privacy
Low property taxes
Business friendly environment
Privacy is yours in Nevada
If you have ever been audited by our friends at the IRS, you understand the expense and hassle of doing business with them. The State of Nevada is the only state in the nation that does not share information with the IRS. It has been noted by tax professionals that many audits are derived because information shared by the states with the IRS does not match up.
You privacy is further valued by the State of Nevada because they do not require a registration of stockholders. Your stockholders stay anonymous and are protected because their names do not show up on every website and list about your corporation.
"Bearer Shares" used to be a very common tool for promoting and expanding your business. In today's wired world, bureaucrats and tax agencies want to know everything about everyone so that they can ensure thorough collection of tax revenues. The advantage to Bearer Shares is that they are owned by whoever physically owns the stock/share and this information is kept between the corporation and the owner of the shares.
Assets held within a Nevada corporation are not required to be disclosed. Most states not only require disclosure of assets, they also tax you on those assets.
Lastly, your attorney can become the corporation's Officer and Director with you being the sole shareholder, thus almost ensuring complete anonymity.
Saving Money on Taxes
So you might be asking yourself, if Nevada does not tax corporate profits, or tax franchises or even tax personal income, how do they pay the bills? One word, gaming. The revenues Nevada realizes because of gaming is significant enough to fund most government operations.
Nevada also wants your business. Nevada has realized that if they are friendly to businesses, this benefits the businesses, the employees and the state. Yes there is a state that actually believes in a "Win-Win" mentality, and Nevada makes it clear that that is their intention.
How to take advantage of Nevada's tax benefits
There are two ways to reap Nevada's freedom from taxes. First is to start a corporation for your business' tax relief. Consult a Nevada CPA or legal professional for more detailed information on incorporating your business in Nevada.
As an individual, you will need to become a resident of the state. Individuals who are "domiciled" in Nevada and become Nevada residents will generally escape state taxation of their income, except for income arising from sources within another state. Again, check with your financial professional on income derived in other states. Even if part of your income has to be taxed in other states, you may still see a reduction in your overall tax liability.
Test for Residency
Various factors are considered in determining whether a taxpayer has met Nevada's residency criteria.
How long are you physically present in Nevada during the year?
Where do you have sources of income?
Where are you registered to vote?
Where do you own a house?
Where do you claim the homeowner's exemption?
Where is your driver's license issued?
Where are your closest business contacts, including clubs?
Where are your vehicles are registered?
Where your minor children attend school, and whether you paid resident or non-resident tuition.
Which state has jurisdiction in the administration of your wills and trusts?
Where have you obtained a homestead exemption?
Where do you maintain a safety deposit box(es)?
Where do you file an affidavit of domicile?
Where do you own a cemetery plot?
For additional real estate information contact Wendy at www.prurealty.com. Wendy serves the Reno/Sparks/Carson/Minden/Gardnerville/Fernley/Fallon/Galena Forest Estates/St. James Woods, Lake Tahoe Nevada: Incline Village/Cave Rock etc....Additional tax planning questions will be addressed by a qualified member of Wendy's hand-picked team of professionals.
Source: EDAWN
fabulous
The New Year showed glimmers of economic life as three companies announced in January they are moving their operations and expanding in the Greater Reno-Tahoe area creating 200 new jobs and injecting more than $27 million in economic impact into the community.
According to the Economic Development Authority of Western Nevada (EDAWN) and its regional partners that assisted the companies, an additional 75 indirect jobs will be created as a result of the suppliers and construction jobs relating to the three new projects. The businesses represent key industry sectors outlined in the Target2010 economic planning study that economic development officials are looking to grow in the area thanks to their skilled, good paying jobs. The industries include clean energy technology, advanced manufacturing and business and financial services. Two of the three companies offer skilled jobs paying an average of $25.30 an hour which is 28.5 percent higher than the average state wage of $19.69.
“The companies are in industries that were identified by the Target2010 economic planning study as having the greatest potential to succeed given our region’s infrastructure, workforce, and other community assets,” said Chuck Alvey, president and CEO for EDAWN. “With the rising unemployment rate in Nevada, more skilled professionals are looking for jobs, and these companies want to tap into that labor market which is a ‘win-win’ for businesses and helps get local professionals back to work.”
The companies include:
Selco Products is a manufacturer and distributor of thermal measurement and control devices for the medical, electronics, food service and telecommunications industry that is moving its headquarters from southern California to Reno. The company plans to hire 15 employees locally and is bringing 25 workers from California. Selco Products is planning to open its 29,703 square footage at 8780 Technology Way in Reno later this spring representing $11.8 million in economic impact to the region. Partners on the project include EDAWN, NV Energy, UNR College of Engineering and Nevada Works. United Construction is the developer.
Mariah Power manufactures low-cost, low-noise wind power appliances for use with residential, business and commercial buildings. Its Windspire is the lowest cost residential-scale wind system on the market. The company recently expanded its Reno headquarters and research and development after considering moving to the San Francisco Bay Area adding nine new jobs locally. The company recently moved into a new 7,500 square foot facility at 5470 Louie Lane in Reno.
The expansion represents $3.2 million in economic impact to the area. The company moved its manufacturing to Ohio late last year, but maintains its headquarters in Nevada. Partners on the project include: EDAWN, NV Energy, Truckee Meadows Community College, MAP and Nevada Works.
“Mariah Power decided to keep our headquarters and R&D in Reno because its gorgeous natural setting draws an outdoor-oriented crowd that values nature and the environment, values that are important to our company. The city is large enough to offer and attract the right talent, and the somewhat windy conditions create an ideal situation for a wind power company. There is also a substantial cost advantage, ranging from the cost of space to the general costs of doing business in Nevada as compared with California,” said Mike Hess, president of Mariah Power.
The Hartford Financial Services Group The Hartford, a Connecticut-based financial services company, announced it is returning to Reno-Tahoe after leaving in 2007. The company is opening a 28,856 square foot customer service center at its previous office at 9850 Double R Boulevard in Reno. The Hartford plans to employ approximately 150 employees by late spring and will generate $12 million in economic impact. Tim Ruffin from Colliers International was the leasing broker. EDAWN assisted the company with an employee benefits survey and hosted them at a local job fair.
Since July 2008, EDAWN and its regional economic development partners report assisting 12 companies creating 372 new jobs and leasing or purchasing 349,459 square footage of office or commercial space. The companies represent nearly $67 million in economic impact to the region. A complete list of those companies is available here.
About EDAWN: EDAWN is a private, non-profit corporation founded by community leaders in 1982 to diversify the Greater Reno-Tahoe economy by recruiting, expanding and starting up quality companies that have a positive impact on the region’s quality of life. Reno was named the No. 1 Place for Doing Business in America 2005 by Inc. magazine. For more information on doing business in Greater Reno-Tahoe, visit www.edawn.org.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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