The City agrees to reimburse Garlock Printing up to $577,500 ($3,300 per primary job up to a minimum of 105 jobs) based on the number of employees hired by Garlock Printing within four fiscal years following the effective Date of the Agreement.
The Catalyst Fund Proceeds shall be used to reimburse Garlock Printing for a portion of its costs to relocate and expand its West Coast headquarters from Gardner, Massachusetts to Reno.
This program, Nevada Catalyst Funds, is administered by the State of Nevada’s Governor’s Office of Economic Development. The Catalyst Funds do not come from the City of Reno’s General Fund.
Tuesday, March 12, 2014
Reno City Council will consider a plan Wednesday that would give more than a half-million dollars to a company that has promised to bring jobs to the city. But a lawsuit questions whether such deals are allowed under state constitution.
The Reno City Council is considering a $577,000 grant to a Massachusetts company to move to Reno. Its part of a $10 million state incentive program.
The Nevada Policy Research Institute had already filed suit to stop similar agreements in which cities use state funds as incentives to companies. The suit says Nevada’s constitution doesn't allow taxpayer money to be used that way.
Reno Deputy City Attorney Johnathan Shipman says the city’s proposed contract has been changed so Reno will have no obligation if the subsidy is ruled unconstitutional.
“And what we have in the agreement now is that if that happens, then the agreement terminates and both parties walk away,” he says.
Shipman says it’s not clear how the state would get money back if the court finds the subsidy unconstitutional. So far, no money has been dispersed and the Research Institute plans to file an injunction to prevent that from happening.
He held a campaign event at the airport in Minden and in defiance of the state’s COVID-19 directives limiting public gatherings, after a planned rally at Reno-Tahoe International Airport was canceled at the last minute.
When Nevada closed businesses to protect people from COVID-19, gyms were among the first to be shuttered. But for Reno-based mental health advocate Russell Lehmann, those changes were more than just an inconvenience.
A vigil marking the deaths of George Floyd, Breonna Taylor and Sparks resident Miciah Lee at the hands of police focused on voter engagement, local politics and community.
Reno’s housing affordability crisis is leading to encampments that add waste to the Truckee River. Now the city is turning to private contractors to clean it up, but homeless advocates want other solutions for addressing the root of the problem.
Scientists are partnering with kids to help catch snowflakes. Their goal? Working with students to study what crystals can tell us about snow, the weather and how climate change impacts our water supply.
CapRadio provides a trusted source of news because of you. As a nonprofit organization, donations from people like you sustain the journalism that allows us to discover stories that are important to our audience. If you believe in what we do and support our mission, please donate today.