EBay planning $412 mil. investment in Nevada
By Daniel Rothberg, Las Vegas Sun
EBay is moving forward with plans to expand its data operations throughout the state, pending the approval of tax abatements at an economic development meeting next week. In two separate applications with Nevada for tax breaks in Clark and Storey counties, the e-commerce giant plans to invest $412 million, a large portion going to the purchase of servers, and to hire 52 new employees.
EBay’s desire to expand its data operations presence in the state has been well-known for some time, but the details weren’t previously available. Switch, the Las Vegas data company in the midst of its own expansion, confirmed this year that eBay would be the anchor tenant in Switch’s planned $1 billion facility near Reno.
Having a well-known company like eBay, which plans to spend $230 million on its data operations near Reno, could be a stimulus for the region and encourage more investment.
More jobs and taxes leaving liberal lunacy land as part of the Senile Jerry plan to drive all business and taxpayers out continues. It is working very well for bordering states. It is time for a conservative candidate for Governor to challenge the liberals and reverse course and clean up this mess.
We native Nevadans appreciate Mr. Brown very much.
James,
You must be very proud of Nevada for getting new business to come to your state. Too bad the cost of these tax giveaways leaves the state near the bottom in education, healthcare, crime and every other quality of life measurement. But hey, who cares about any of those things?
Justice,
The only place that California’s economy is doing so poorly is in your “foxnooze bubble” fantasy world.
Nevada will again be limited by the lack of access to higher education. Logistics provided by these firms is based on higher statistics, math and physics. Technology firm must have access to basic researchers. Technology businesses simply monetize ideas created in pure science.
California is trying their best to run off as many businesses as it can. But Nevada’s drastic cuts to higher education and lack of investment in education will continue to make it an attractive but unworkable destination. There is no competing with have Stanford, Berkeley, other UC schools and USF within an hour drive.
Labor is another market. People with technical master degrees had an unemployment rate of less than 4% during the great recession.