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==Economy== {{More citations needed section|date=April 2018}} [[File:Reno arch.jpg|thumb|left|Downtown Reno, including the city's [[Reno Arch|famous arch over Virginia Street]]]] [[File:Reno with silver legacy.JPG|thumb|Silver Legacy Hotel with Downtown Reno in the background]] [[File:Renoskyline.jpg|thumb|Reno skyline in June 2006]] [[File:Reno, Nevada photo D Ramey Logan.jpg|thumb|Reno skyline in September 2014]] Until the 1960s, Reno was the gambling capital of the United States, but Las Vegas's rapid growth, [[American Airlines]]' 2000 buyout of [[Reno Air]] and the growth of [[Native American gaming]] in California have reduced its gambling economy. Older casinos were torn down ([[Mapes Hotel]], [[Fitzgeralds Gaming|Fitzgerald's Nevada Club]], Primadonna, Horseshoe Club, [[Harold's Club]], Palace Club), and smaller casinos like the [[Comstock Hotel & Casino|Comstock]], [[Sundowner (hotel and casino)|Sundowner]], [[The Montage Reno|Golden Phoenix]], [[3rd Street Flats|Kings Inn]], Money Tree, Virginian, and Riverboat were either closed or were converted into residential units. Because of its location, Reno has traditionally drawn the majority of its California tourists and gamblers from the [[San Francisco Bay Area]] and [[Sacramento, California|Sacramento]] while [[Las Vegas Valley|Las Vegas]] has historically served more tourists from [[Southern California]] and the [[Phoenix metropolitan area|Phoenix]] area. Several local large hotel casinos have shown significant growth and have moved gaming further away from the downtown core. These larger hotel casinos are the [[Atlantis Casino Resort|Atlantis]], the [[Peppermill Reno|Peppermill]] and the [[Grand Sierra Resort]]. The Peppermill was chosen as the most outstanding Reno gaming/hotel property by ''Casino Player'' and ''Nevada'' magazines. In 2005, the Peppermill Reno began a $300 million [[Tuscany|Tuscan]]-themed expansion. Reno holds several events throughout the year to draw tourists to the area. They include [[Hot August Nights]]<ref>{{cite web| url=http://www.hotaugustnights.net/ |title=Hot August Nights |publisher=Hot August Nights |access-date=August 12, 2010}}</ref> (a classic car convention), Street Vibrations (a motorcycle fan gathering and rally), [[the Great Reno Balloon Race]], a [[Cinco de Mayo]] celebration, [[bowling]] tournaments (held in the [[National Bowling Stadium]]), and the [[Reno Air Races]]. Several large commercial developments were constructed during the mid-2000s boom, such as [[The Summit (Reno, Nevada)|The Summit]] in 2007 and [[Outlets at Legends|Legends at Sparks Marina]] in 2008. Reno is the location of the [[corporate headquarters]] for several companies, including [[Braeburn Capital]], Hamilton, [[Server Technology]], [[EE Technologies]], [[Caesars Entertainment (2020)|Caesars Entertainment]], and [[Port of Subs]]. Companies based in the [[Reno metropolitan area, Nevada|Reno metropolitan area]] include [[Sierra Nevada Corporation]] and [[U.S. Ordnance]]. [[International Game Technology]], [[Bally Technologies]] and GameTech have a development and manufacturing presence. Since the turn of the 21st century, greater Reno saw an influx of technology companies entering the area, following major initiatives and investments by investors from [[Seattle]] & the [[Bay Area]]. The first one in 1999 was [[Amazon.com]] in [[Fernley, Nevada|Fernley]]. After the [[Great Recession]], the state placed an increased focus on economic development. Thousands of new jobs were created.<ref>{{cite web|url= https://thenevadaindependent.com/article/manufacturing-jobs-in-nevada-see-double-digit-wage-growth-since-recession <!-- http://diversifynevada.com/news/news-articles/the-nevada-independent-manufacturing-jobs-in-nevada-see-double-digit-wage-g --> |title=Manufacturing jobs in Nevada see double-digit wage growth since recession|publisher=[[The Nevada Independent]] |first=Jackie |last=Valley |date=August 16, 2017|access-date= September 9, 2017 }}</ref><ref name="auto">{{cite web|url= http://www.devineintermodal.com/from-northern-nevada-10/ |title=From Northern Nevada |date= January 9, 2017|publisher=Devine Intermodal |access-date= September 9, 2017}}</ref><ref name="rgj.com">{{Cite web|url=https://www.rgj.com/story/money/business/2017/09/07/would-amazon-consider-reno-sparks-its-new-headquarters/642245001/|title=Would Amazon consider Reno-Sparks for its new headquarters?|first=Brett|last=McGinness|website=Reno Gazette Journal}}</ref><ref name="rgj.com1">{{Cite web|url=https://www.rgj.com/story/money/business/2017/11/20/ho-ho-holiday-shipping-heres-how-reno-created-biggest-little-distribution-center-mecca/876543001/|title=Here's how Reno attracted the likes of Amazon, and created a distribution and shipping mecca|first=Jason|last=Hidalgo|website=Reno Gazette Journal}}</ref><ref name="bondbuyer.com">{{cite web|url=https://www.bondbuyer.com/news/tesla-apple-help-spur-reno-to-higher-bond-ratings|title=Reno attains higher ratings with economic boost from tech companies|date=March 22, 2018}}</ref> The [[Tesla, Inc.|Tesla]] [[Gigafactory 1|Gigafactory]] at the [[Tahoe Reno Industrial Center]] is one of the largest buildings in the country, purportedly covering 5.8 million square feet.<ref>{{cite web|url= https://thenevadaindependent.com/article/manufacturing-jobs-in-nevada-see-double-digit-wage-growth-since-recession|title=Manufacturing jobs in Nevada see double-digit wage growth since recession|publisher=[[The Nevada Independent]] |first=Jackie |last=Valley |date=August 16, 2017|access-date= September 9, 2017 }}</ref><ref name="auto"/><ref name="rgj.com"/><ref name="rgj.com1"/><ref name="bondbuyer.com"/> Although it was originally Tesla's largest factory, it's since been superseded by [[Gigafactory Texas]], which has 10 million square feet.<ref>{{Cite web|url=https://www.theverge.com/2023/1/11/23549895/tesla-texas-factory-expansion-gigafactory|title=Tesla is planning a $770 million expansion of its Texas Gigafactory|last=Weatherbed|first=Jess|date=January 11, 2023|website=The Verge|language=en|access-date=2024-01-12}}</ref> It employs roughly 11,000 people, making Tesla larger than any employer in the city of Reno, though the Industrial Center is located just outside of the city.<ref>{{Cite web|url=https://cleantechnica.com/2023/02/05/teslas-3-6-billion-expansion-plans-at-giga-nevada/|title=Tesla's $3.6 Billion Expansion Plans At Giga Nevada|last=Murphy|first=Mike|date=January 2023|website=CleanTechnica|language=en|access-date=2024-01-12}}</ref> In 2023 Tesla announced a $3.6 billion expansion<ref>{{Cite web |last=Margiott |first=Ben |date=2023-01-24 |title=Tesla announces new $3.5B facility east of Sparks to build all-electric semi trucks |url=https://mynews4.com/news/local/tesla-elon-musk-announces-new-35-billion-manufacturing-facility-east-of-sparks-to-build-all-electric-semi-trucks |access-date=2024-07-04 |website=KRNV |language=en}}</ref> of the facility that would incorporate an additional four million square feet, including an all-new plant for [[Tesla Semi|Semis]] and a much larger one for battery development. The new facilities are expected to add up to 3,000 new Tesla employees to the region upon completion.<ref>{{Cite web|url=https://www.marketwatch.com/story/tesla-says-it-plans-3-6-billion-expansion-of-nevada-gigafactory-11674609070|title=Tesla says it plans $3.6 billion expansion of Nevada gigafactory|last=Murphy|first=Mike|date=January 25, 2023|website=MarketWatch|language=en|access-date=2024-01-12}}</ref> The arrival of several data centers at the Tahoe Reno Industrial Center is further diversifying a region that was best known for distribution and logistics outside gaming and tourism. [[Switch (company)|Switch]]'s new SUPERNAP campus at the Tahoe Reno Industrial Center is shaping up to be the largest data center in the world once completed. [[Apple Inc.|Apple]] is expanding its data center at the adjacent Reno Technology Park and recently built a warehouse on land in downtown Reno. The greater Reno area also hosts distribution facilities for [[Amazon (company)|Amazon]], [[Walmart]], [[PetSmart]] and [[Zulily]].<ref>{{Cite web|url=https://www.usatoday.com/in-depth/news/investigations/2019/10/29/the-city-podcast-season-2-reno-strip-clubs-tesla/2452350001/|title=High heels, high tech, high stakes: What happened when Reno tried to kick out its strip clubs|last=Damon|first=Anjeanette|date=October 29, 2019|website=USS Today|language=en|access-date=2019-10-29}}</ref> ===Top employers=== According to Reno's 2023 Fiscal Year Annual Comprehensive Financial Report,<ref>{{cite web |date=2023 |title=City of Reno CAFR |url=https://www.reno.gov/home/showpublisheddocument/91519/638381646997030000 |access-date=August 20, 2024 |publisher=City of Reno |page=158}}</ref> the top employers in the city are: {| class="wikitable" |- ! # ! Employer ! Average Employees |- |1 | [[Washoe County School District]] |7,500 |- |2 | [[Renown Regional Medical Center]] |7,500 |- |3 | [[Washoe County, Nevada|Washoe County]] |3,000 |- |4 | [[Peppermill Reno]] |3,000 |- |5 |[[Nugget Casino Resort]] |3,000 |- |6 |Harrah's Reno Casino |3,000 |- |7 | [[Grand Sierra Resort]] |3,000 |- |8 | [[Saint Mary's Regional Medical Center (Reno)|Saint Mary's Regional Medical Center]] |3,000 |- |9 |[[Eldorado Resort Casino]] |3,000 |- |10 |[[Silver Legacy Resort & Casino|Silver Legacy Resort Casino]] |3,000 |}
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