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In 2004 GRID commenced planning the Nation's largest renewable energy commercial and industrial park on property it owns East of Reno, Nevada. Highlights of this project include:
Superior Location
Northern Nevada is becoming the location of choice for U.S. businesses seeking to relocate or expand. Freeway, air and rail transportation infrastructure provides immediate access to 50 million consumers in the Western U.S.
Transportation Logistics
Highway: GRID properties feature over three miles of frontage on Highway 50, which is currently being completely renovated to a four-lane corridor providing immediate access to the town of Fernley, Nevada's fastest growing city, from which Reno, Nevada can be reached within 30 minutes on I-80.
Rail: The main Union Pacific-Burlington Northern Sante Fe rail line bisects GRID property providing GRID with immediate access to the Port of Oakland which has recently undergone a $1 billion redevelopment, $400,000,000 of which was allocated to the Port's rail to ship intermodal facilities. The fact that the rail line is dual served gives GRID's resident rail dependant businesses the advantage of having two rail companies to compete for their business.
Air: From GRID's doorstep it is just 45 uncongested freeway minutes to the Reno-Tahoe International Airport, which features nonstop and direct courier, cargo and passenger air service to many U.S. cities. In addition, GRID has FAA approval to develop Orlie Field on GRID property.
Geothermal Resources
The U.S. Government has designated GRID properties as within a Known Geothermal Resource Area (KGRA). GRID plans to develop its resources to provide energy for its resident, business customers.
Incentives for Businesses
Nevada is one of the seven States without a personal income tax, one of only three without a corporate income tax and the only State that does not impose estate or gift taxes. Additionally, Nevada has no franchise or unitary tax and no personal property or inventory tax. Qualifying businesses may receive sales and use, business and property tax exemptions, abatements and deferrals.
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