Truckee, California Loses 400 Jobs to Reno, Nevada

Companies have been leaving California for a more business friendly environment for the last 20 years, now it is happening right in our backyard. Truckee and Nevada County are the losers this time.

Clear Capital officially announced it is moving it’s headquarters from Truckee CA to downtown Reno NV. The real estate data analytics company plans to employ 400 workers and pay an average salary of more than $60,000 per year.

Reno Gazette-Journal

“Moving our headquarters to Reno makes a lot of sense for our business for many of reasons,” said Kevin Marshall, president, in a prepared statement. “The ever-growing tech sector, the great pool of candidates in the region, the caliber of curriculum at the University of Nevada Reno, and the Reno-Tahoe International Airport all help us thrive as a nationally-focused provider of services and technology”.

No mention of the growing regulatory environment in California, but is has to be a factor when making a decision to move any company out of the state.  California is 6.3% above national average when figuring the cost of doing business in the state. Nevada has some excellent tax advantages:

  • No personal income tax
  • No corporate income tax
  • No unitary tax
  • No franchise tax

These are the high paying types of jobs that the ERC is trying to attract for Nevada County. I wonder what the Economic Resource Council will have to say at the Board Meeting on Thursday the 8th of Jan.  See you there.

About Russ Steele

Freelance writer and climate change blogger. Russ spent twenty years in the Air Force as a navigator specializing in electronics warfare and digital systems. After his service he was employed for sixteen years as concept developer for TRW, an aerospace and automotive company, and then was CEO of a non-profit Internet provider for 18 months. Russ's articles have appeared in Comstock's Business, Capitol Journal, Trailer Life, Monitoring Times, and Idaho Magazine.
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6 Responses to Truckee, California Loses 400 Jobs to Reno, Nevada

  1. jeffpelline says:

    Hold on! Word is that up to 100 of these jobs will remain in Truckee. Let us know!


    • Russ Steele says:

      Yes, that was announced at the ERC Board meeting this morning and I have not had time to update yet with a comment. The job are contingent on being allowed to build a new building at the Truckee Airport. There was some discussion of need for City to do annexation before the plan goes forward. There maybe 100 jobs in Truckee.


  2. Barry Pruett says:

    This move has been discussed for sometime. It is certainly not good for Truckee, or California for that matter, that folks are leaving the state for greener pastures.


  3. jeffpelline says:

    Heck, the owners already lived in Incline Village, not Truckee. The also have offices in Roseville.


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