NV Gov. Sandoval on hand Tuesday for Clear Capital announcement
TRUCKEE, Calif. — Despite news reports Tuesday that Clear Capital is moving its headquarters to an office near Aces Ballpark in Reno, the company remains committed to maintaining a Truckee presence, officials said.
Nevada Gov. Brian Sandoval joined Kevin Marshall, president of Truckee-based Clear Capital, at a Reno press conference Tuesday morning announcing the real estate valuation and analytics solutions firm’s move later this year to a $1.7 million campus at the Park Center Tower in downtown at 300 E. Second St.
The move is expected to add up to 400 jobs to Northern Nevada, according to a press release from the Economic Development Authority of Western Nevada.
On Tuesday, Alanna Harter, marketing manager for Clear Capital, said that figure is across a five-year period.
“Moving our headquarters to Reno makes a lot of sense for our business for many of reasons,” Marshall said in a 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.”
In November, the Sierra Sun reported the company planned to relocate about 125 employees from Truckee to a downtown Reno office in March 2015, a move Marshall called “bittersweet” considering Clear Capital’s roots since 2001 in Truckee.
“For a number of years we were able to be competitive … and be able to pay more to be in Truckee,” he said in a Nov. 17 story. “But as we grow and we diversify into different products, we realize that Truckee doesn’t have the options for a financial-type corporation like ours that our competitors have, so often we find ourselves at a disadvantage because our cost structure is more than our competitors.”
The remainder of Clear Capital’s staff will continue to work out of its campus at 10875 Pioneer Trail in Truckee until the company’s lease expires in August 2016.
Marshall has repeatedly said he wants to maintain a Truckee office, and Clear Capital and the Truckee Tahoe Airport District had been negotiating a lease for a 10,000-square-foot campus on airport property.
Harter on Tuesday said that continues to be the case.
The airport board will host a special meeting at 3 p.m. Tuesday to that effect to review preliminary budgets and draft lease agreements.
Formal action is tentatively planned for the Jan. 28 and/or Feb. 25 board of directors meetings.
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